Direct air capture technology developer Climeworks announced plans last week to build a facility in Calcasieu Parish as part of the Project Cypress DAC Hub.
The company will mobilize an additional $50 million in private investment to match the initial $50 million in funding from the U.S. Department of Energy to create one of the world’s largest DAC hubs.
The company is expected to create 140 direct new jobs with average annual salaries of $123,000. The project is also expected to support 800 construction jobs. Read more from Louisiana Economic Development.
