[3] The company is running a pilot plant in Squamish, British Columbia, removing CO2 from the atmosphere since 2015 and converting it into fuels since December 2017.

[6] Carbon Engineering is funded by several government and sustainability-focused agencies as well as by private investors, including Microsoft founder Bill Gates and oil sands financier N. Murray Edwards.

[10] In August 2023, Occidental Petroleum bought Carbon Engineering for $1.1B, with payments over 3 years, and the intention to build 100 DAC plants.

The first cycle is the absorption of CO2 from the atmosphere in a device called an "air contactor" using an alkaline hydroxide solution,[5][12] via patents such as US20140271379A1 and US20150329369A1.

In 2015, Carbon Engineering started operations of its full end-to-end pilot plant, located in Squamish, British Columbia, Canada.