Japan Airlines Co, Ltd (JAL) Investment in Heirloom Carbon Technologies

Japan Airlines announced its investment in Heirloom Carbon Technologies, Inc., a decarbonization developer based in California.

Heirloom specializes in Direct Air Capture, a negative emission technology that captures CO2 directly from the atmosphere. This strategic investment aims to diversify JAL’s approaches to achieving Net Zero CO2 Emissions by 2050.

A Major Investment in Decarbonisation

Yasushi Noda, JAL’s senior vice president for general affairs, stated:

“We recognize this partnership as an important milestone in the development of global decarbonization solutions. Through Heirloom’s innovative Direct Air Capture technology, we aim to significantly advance our efforts towards Net Zero CO2 Emissions by 2050.”

Shashank Samala, CEO of Heirloom, remarked:

“We’re honoured to receive this investment from JAL and look forward to working with them as a strategic partner to rapidly scale our CO2 removal technology to make meaningful progress in the fight against global temperature rise.”

This investment follows JAL’s previous CVC investment in the US venture firm Captura, focusing on Direct Ocean Capture technology.

How Heirloom’s Decarbonisation Technology Works

Heirloom employs limestone, which has historically absorbed atmospheric CO2. By heating limestone with renewable energy, CO2 is extracted, and the limestone reabsorbs CO2 from the atmosphere, allowing for economical capture of large amounts of CO2.