CO280 signs agreement with Microsoft to carbon dioxide removal from U.S. pulp & paper mills
CO280, a leading developer of large-scale carbon dioxide removal (CDR) projects, announced a historic offtake agreement with Microsoft from a project that will capture and permanently store biogenic carbon emissions from a U.S. pulp and paper mill. Under the agreement, Microsoft will purchase 3.685 million tonnes of CDR over 12 years. This agreement represents one of the largest engineered CDR purchases to date.
The agreement underscores Microsoft’s confidence in CO280’s approach to scaling permanent CDR by retrofitting existing pulp and paper mills to capture biogenic CO2 from boiler stack emissions for permanent geological storage. The capture technology for this project will be supplied by CO280 partner, SLB Capturi. CO280 is developing more than 10 projects, with five high-priority projects poised to deliver CDR by 2030.
Brian Marrs, Senior Director of Energy & Carbon Removal at Microsoft stated, “Microsoft is pleased to announce this deal with the team at CO280, which has proven how to combine innovative engineering with strong commercial development towards creating affordable and scalable carbon removal solutions. The CO280 strategy of adding carbon removal to existing paper mills is an efficient way to quickly scale carbon removal and bolster investment and jobs into timberland communities across the United States.”
CO280 Solutions Inc. is a developer of large-scale carbon dioxide removal (CDR) projects.
