Mitsubishi, Shell Back Avnos with $17M to Build Flagship Carbon Removal Facility in the U.S.

Mitsubishi Corporation (Americas) and Shell US Gas and Power have jointly provided up to $17 million in phased financing to Avnos for developing Project Cedar, its flagship hybrid direct air capture (HDAC) facility in the U.S. The project aims to capture around 3,000 metric tons of CO₂ annually and produce over 6,000 tons of clean water as a by-product, with operations expected by the end of 2026. Avnos’ water-positive HDAC technology offers more resource efficiency and wider geographic deployment potential. The funding reflects strong investor confidence, supporting the shift from pilot to commercial-scale carbon removal.
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