Frontier Climate buyers sign $11.7 million deal with 44.01 for CO2 rock storage
SHOP Shopify Inc
$146.78 -1.66%
View chart & analysis → - 1Frontier Climate buyers have signed a purchase agreement with carbon removal company 44.01 to store carbon dioxide as rock
- 2$11.7 million will be paid for the removal and storage of 20,932 tons of carbon dioxide from 2028 to 2031, marking Frontier's second deal this year
- 3This is Frontier's first local mineralization contract, with buyers including Google, Stripe, Shopify, Autodesk, H&M, and Workday
So what's the key point?
A carbon removal purchasing group signed a $11.7 million contract with a company that turns carbon dioxide into underground rock. This is the first time the group has purchased this specific method.
Source ESG Dive · View original ↗
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