Phlair

Why are high-emitting industries not yet buying carbon removal credits? 𝗪𝗵𝘆 𝗶𝘁 𝗺𝗮𝘁𝘁𝗲𝗿𝘀:  So far, carbon dioxide removal (CDR) purchases are dominated by three industries:  1) Tech (e.g. Microsoft, Google, Shopify, Amazon)  2) Banking/Finance (e.g. Morgan Stanley, UBS, JPMorgan Chase, Stripe, Klarna, Swiss Re)  3) Consulting (e.g. BCG, McKinsey)  To understand why, we need to look at 𝗽𝗿𝗼𝗳𝗶𝘁𝘀 𝗽𝗲𝗿 𝘁𝗼𝗻 𝗼𝗳 𝗖𝗢𝟮 𝗲𝗺𝗶𝘀𝘀𝗶𝗼𝗻𝘀 – how much profit companies earn for every ton they emit.  𝗪𝗵𝗮𝘁 𝗱𝗶𝗱 𝘄𝗲 𝗹𝗲𝗮𝗿𝗻:  Carbon Gap (link in comments) analyzed >150 Forbes 2000 companies by profit per ton of emissions and found:  1) There are vast disparities in profits per ton (ranging from over $200,000/t to less than $10/t)  2) Companies with profits below $100/t (materials, utilities, oil & gas) cause 90% of emissions but earn only 25% of profits.  3) High-profit companies (over $10,000/t, like banking and insurance) account for 30% of profits but emit just 0.1% of emissions.  4) For high-profit companies, achieving net zero is financially viable. Even offsetting 100% of their emissions with high-quality CO2 removals at $200/t would reduce profits by less than 1%.  𝗧𝗵𝗲 𝗿𝗲𝘀𝘂𝗹𝘁:  Many tech companies and banks are already purchasing carbon removal credits, demonstrating thought leadership and catalyzing market development for the entire industry.  These companies take a long-term view and want to sustain their competitive advantage. 𝗪𝗵𝗮𝘁 𝗱𝗼 𝘆𝗼𝘂 𝘁𝗵𝗶𝗻𝗸:  Which industry will lead the next wave of carbon removal purchases?

"I strive to amplify my impact on the future of Direct Air Capture. Leading a student association, I developed a capture and storage technology for CO2.” At Phlair, Adrian has driven the development and optimization of our first outdoor pilot plant (Electra 00) near Munich, demonstrating our full scale Hydrolyzer. He loves challenging and improving the processes being used in our commercial plants. Adrian has always loved to take things apart and to understand how they work: After school he built a 3D printer to make parts for his DIY vacuum dryer to dry apples. Phlair. Enabling a carbon-negative future.

We wish you a Merry Christmas and a Happy New Year. Thank you to our customers, partners, investors, and team for making 2024 such an incredible year. Love is in the air. Phlair.

Yesterday, we had the pleasure of welcoming Verena Pausder, Chairwoman of Startup-Verband (German Startups Association). During her visit, we toured her through our labs, introduced her to our unique hydrolyzer-based Direct Air Capture (DAC) technology, and showcased our pilot plant, Electra 00. Our discussions covered crucial topics such as access to growth capital – with a focus on non-dilutive funding – regulatory challenges, strategies for attracting top talent, and Verena’s insights from working with the many Deep Tech startups within the Startup-Verband. Phlair. Enabling a carbon-negative future. 

Some highlights from our first Phlair offsite last weekend: Our chemists are amazing cooks - even outside the lab 🧑🔬 Ice bathing in December is a real bonding experience. No worries, we had a lifeguard 🛟 During our hackathon, we worked on our vision for the Phlair campus. We want to build the perfect environment for achieving our ambitious scale-up plans 🏙️ Want to be part of our next offsite and work at the forefront of solving one of humanity's biggest challenges? Have a look at our careers page. We're hiring. Phlair. Enabling a carbon-negative future. PS. Thanks to d’Kammer for the amazing experience at their location in Allgäu, Bavaria!

"I am most excited about contributing to the road to net zero as well as learning every day from Phlair's stellar electrochemical team."    At Phlair, Orlane is mostly found in the lab testing the chemical compatibility of the hydrolyzer's components. Outside the lab, Orlane is the biggest fan of our weekly team lunches prepared by our chef Halina.    The longest time Orlane has seen nothing but sea water is 504 hours... when she sailed across the Atlantic to raise awareness on climate change. Phlair. Enabling a carbon-negative future.

Do we even need carbon removal? Why it matters: Getting to net zero by 2050 requires a decrease of CO2 equivalent (CO2e) emissions by 60 Gt. What did we learn? - The biggest levers to get to net zero will revolve around reducing emissions - this will amount to 80-90% of total CO2e savings. - By far the biggest reduction lever will focus on decarbonization of the grid through renewable energy. - At the same time, we will not be able to get to net zero without also removing around 10 Gt CO2e from the atmosphere. Want to stay on top and track progress? We highly recommend this tracker and the corresponding book by John Doerr - Speed & Scale. Phlair. Enabling a carbon-negative future.

Become part of a team that’s not only pushing boundaries in technology but also challenging the norms of industries in impactful ways. 🧡 Join us - We're looking for talented individuals who share our vision and are ready to bring substance and dedication to the table. Explore our latest open roles and see where you could make a difference. Phlair. Enabling a carbon-negative future.

Manufacturing our hydrolyzers is one of the key success factors in building Project Dawn, our first commercial plant.     There are a bunch of books and theories out there on manufacturing, but nothing compares to the experience of having built a few plants.    When I met Sebastian Herler half a year ago, I was struck by his experience and bias for action. He joined shortly after as an angel investor.    Sebastian has brought multiple manufacturing plants to life, guiding them through operational challenges. Thank you for being on the team and helping us navigate the buildup of our first hydrolyzer production facility!    If you want to join us and work your a** off in a team of talented and ambitious people to get DAC to planetary relevance – we are hiring. 

“We want to be a company that sees the next century.” – David Vranicar, Operations Lead, Sustainability at Shopify     In this video, David explains how Shopify came to prepurchase Phlair carbon removal certificates. And he talks about the urgency of acting on carbon dioxide removal (CDR) today.    Phlair. Enabling a carbon-negative future.