Microsoft inks massive carbon removal deal powered by a paper mill

Microsoft announced that he purchased 3.7 million metric tons on Friday Carbon removal loans from CO280A project developer working with pulp and paper mill.

The procurement covers the 12-year issue from the first carbon seizure project of CO280 on a mill on the Gulf Coast. CO280 is waiting for the facility to start making Co Co Counter_2nd In 2028.

Microsoft’s purchase should help me meet a carbon-negative company by 2030 – that is, more carbon over the production of work production. However, it is a tall order with Microsoft’s sensitive balance sheet: The company was created 17.1 million metric tons Greenhouse gases in 2023.

To cut this number, purchased Microsoft Large amounts of renewable power This is within the deals to solve it cannot replace with updated energy Remove carbon dioxide from the atmospherehelps to replace what it can’t be eliminated.

The Microsoft Project, CO280’s works, co-founder and Jonathan are the first of Jonathan Rhone in the Rhone. Rhone, who used power plants in selling pulp and paper industry, said that the carbon seizure of carbon seized in this process is a natural fit.

“It just seemed like any brain everyone missed everyone.” The pulp and the paper industry releases 88 million metric tons of biogenic carbon dot every year.

CO280 to build a carbon seizure facility, works with a joint venture between the joint venture between the SLB (known as Schlumberger) and Aker Carbon Capture. Capture technology is based on widespread use the process of amenAnd this will be added to the boiler pot of a large paper factory, which helps to reuse various chemicals for reuse. The boiler also leaves many carboards locked in the tree.

Normally, the wooden carbon will be thrown into the carbon atmosphere. But by the drawing co_2nd From this step in the process, the paper mill will be extracted from the atmosphere in a carbon. “Trees CO CO CO CO CO COUNT is all heavy lifting_2nd from the atmosphere, “said Rhone.

After arresting, the carbon dioxide will be sent to the saline shrub used for 40 miles with a pipeline_2nd Storage. In general, this first stage of the project was 30% of the mill, 30% of the mill and 30% of the General Co_2ndincluding the fossil fossils used to strengthen the operation. CO280 plans a second phase that should double these figures.

Rhone said that carbon seizures will be built as joint ventures with the paper mill. In return, mills help increase the bottom line, mills will receive a part of carbon loan income. CO280 sells about $ 200 for metric tones and buyers can lower tax credits under the inflation reduction act.

CO280 is sold to carbon removal loans from the border, Google, Google, Shopify, meta and the leading market commitment created by others.