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To ensure carbon negativity, processes that achieve carbon dioxide removal (CDR) from the atmosphere must consider lifecycle emissions and energy requirements across the entire system.
Barclay Rogers, CEO of carbon-removal startup Graphyte discusses the 60,000-ton, 10-year carbon removal agreement with JPMorganChase and future for Graphyte.
The agreement forms part of the shipping group’s broader strategy to neutralise residual greenhouse gas emissions that cannot be eliminated through operational efficiencies alone.
A US carbon removal company has secured investment from Japanese trading firm to expand a facility in Arkansas.
The investment by Sumitomo is notable because it represents one of the first known examples of project-level financing for a durable carbon removal facility.
One of the nation’s largest facilities for removing carbon dioxide from the sky is about to triple in size, thanks to a large investment from a Japanese trading company.
Japanese trading house Sumitomo Corp. has invested in a U.S. carbon dioxide removal project run by American startup Graphyte that takes carbon out of the atmosphere by burying rice hulls.
Global trading conglomerate Sumitomo Corporation acquired an equity stake in Graphyte’s Loblolly project, marking one of the first known instances of project-level investment in a durable carbon removal facility.
Frontier will purchase an initial $1B in permanent carbon removal, including a $250,000 prepurchase from Graphyte’s Arkansas project.
Durable carbon removal, in partnership with farmers, foresters, and rural communities.
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