As per ESG Today, Tennessee-based Holocene offers a scalable DAC removal solution based on amino acids and other organic compounds to remove emissions from the atmosphere. The captured emissions are then concentrated and heated at low temperatures to create a pure stream of CO2 that can be transported and permanently stored in special underground facilities.

Direct Air Capture involves that carbon emissions are being sequestered from the atmosphere using artificial technologies, such as vacuums or special filters.

Randy Spock, Carbon Credits and Removals Lead at Google, said that "we’re committed to doing our part to decarbonize the global economy and reach our goal of net zero emissions across our operations. Carbon removal technologies are key to that goal. Partnering with Holocene to reach this milestone price will be a meaningful step toward advancing the viability of DAC as a tool to fight climate change."

Google officials said that the low price per ton of captured carbon emissions was achieved through a combination of a few factors, such as the technology used by Holocene, which combines liquid and solid-based systems, has the potential to further lower costs over time.

Back in March, Google committed to contract carbon capture credits worth 35 million USD over 12 months, as part of an initiative of US' Department of Energy (DoE), which aims to help scaling carbon capture technologies, as well as encouraging innovation in this field.