The company Climeworks - a spin-off company from ETH Zurich institute - said the technology could help reduce one per cent of global fossil fuel emissions by 2025.
The facility has been built at a site between a waste incineration plant and a large greenhouse near the village of Hinwil.
The company said that the waste incineration plant will provide the heat and renewable electricity needed to run the facility, 'Live Science' reported.
"The plant consists of several CO2 collectors, which are large boxes with filters inside. We blow air through these boxes for several hours, and after the filter is saturated, we heat the box up to 100 degrees Celsius to extract the pure CO2 and regenerate the filters," said Gutknecht.
Climeworks founders Christoph Gebald and Jan Wurzbacher first developed the Direct Air Capture (DAC) technology during their studies at ETH Zurich in the late 2000s.
They were able to extract only tiny amounts of CO2 at that time, and the researchers doubted whether the system could ever be used commercially.
"There was a belief that the cost can not get down below USD 600 per tonne of CO2 even at the mass scale. But we have managed to break this barrier," Gutknecht added.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
