Aramco and Spiritus to Advance Direct Air Capture Technology, Investment by Aramco Ventures

LOS ALAMOS, N.M. & RIYADH, Saudi Arabia--(BUSINESS WIRE)--Spiritus, the climate tech company pioneering cost-effective solutions for scalable direct-air-capture (DAC) of carbon removal, today entered into a memorandum of understanding (MoU) with Aramco, one of the world’s leading global energy and chemicals companies, and has additionally announced that it received an equity investment in the company in November 2023, from Aramco Ventures. “Aramco has stated its ambition to achieve net zero Sco