CO280, a developer of carbon dioxide removal (CDR) projects, has announced a significant agreement with Microsoft. The deal involves Microsoft purchasing 3.685 million tonnes of CDR over 12 years from CO280’s new project. This agreement marks one of the largest engineered CDR purchases to date.
The partnership highlights Microsoft’s confidence in CO280’s approach. CO280 plans to retrofit existing U.S. pulp and paper mills to capture biogenic CO2 from emissions. The carbon capture technology will be supplied by SLB Capturi, a partner of CO280. The company is currently developing over 10 CDR projects, five of which are prioritized for delivery by 2030.
Jonathan Rhone, CEO of CO280, described the agreement as a significant milestone for both the company and the CDR market. He emphasized CO280’s commitment to delivering high-quality, permanent carbon removal and supporting local communities. Rhone thanked Microsoft for its leadership in advancing CDR efforts.
CO280’s CDR strategy leverages the existing infrastructure of the U.S. pulp and paper industry. This approach offers efficient pathways for large-scale carbon removal. U.S. mills emit 88 million tonnes of biogenic CO2 annually, presenting a significant opportunity for CDR implementation.
Retrofitting mills with carbon capture technology reduces project costs and complexities. CO280’s standardized project designs accelerate deployment and replication. The American pulp and paper industry also prioritizes sustainable biomass sourcing.
Most U.S. mills utilize wood from sustainably certified sources. CO280’s projects will adhere to leading biomass sustainability standards. Additionally, excess waste heat and biomass can power the carbon capture plants, enhancing overall efficiency.
Many U.S. pulp and paper mills are located near CO2 geological storage sites, with over 75% within 100 miles. This favorable geography supports safe and permanent CO2 storage, as infrastructure for transportation and storage continues to grow.
