Waldegg Equity Partners ↔ Phlair

Waldegg Equity Partners: a firm purchase of 20,000 t of direct air capture removal from Phlair.

BuyerWaldegg Equity Partners

SupplierPhlair

Tonnes20,000 t

Capture pathwayDirect air capture

Storage mediumgeological

Commitment typefirm

Deal structureofftake

Source pathway descriptionDirect air capture (DAC) with chemical energy storage system running primarily on behind-the-meter solar energy; captured CO2 permanently stored or used for CO2-negative chemicals

Storage descriptionPermanent, engineered carbon removals; captured CO2 permanently stored or used for CO2-negative chemicals

Project locationCanada

NotesMulti-year offtake agreement. Plant named 'Dawn' will remove 20,000 tons CO2 per year. Waldegg is described as first private equity firm in Phlair's buyer group (alongside McKinsey, Google, Stripe, Shopify, JPMorganChase). Waldegg's stated vision includes long-term removal of annual CO2 emissions of their portfolio companies.

Durability defaultedtrue

Date notesource page states no date; dated to the Carbon Removal Updates issue that surfaced it (2025-06-16)

Previous durabilitydurable-1000y

Previous durability basispathway-default

Durability notePathway default removed; duration requires source evidence

automatically extracted from the cited source; not yet reviewed by a person · discovered via carbon-removal-updates · extracted 2026-08-24

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More: Phlair · Direct air capture