Microsoft To Back World's Largest CO2 Removal Project Worth About $800 Million
Benzinga (Tue, 15-Apr 2:01 PM)
Microsoft Corp. (NASDAQ:MSFT) has agreed to purchase 6.75 million metric tons of engineered carbon removals over the next 15 years through a new partnership with AtmosClear BR, LLC, a portfolio company of Fidelis.
The agreement represents the most substantial deal for permanent carbon removal ever signed.
The initiative leverages bioenergy with carbon capture and storage (BECCS) technology and is tied to a major carbon capture project planned for Louisiana.
“This contract with Microsoft marks a transformative moment for the high-quality, engineered carbon removal market,” said Fidelis CEO Daniel J. Shapiro.
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