Microsoft Massive Fallo -repoval in professor -in -law powered by a paper mill

Microsoft announced on Friday that it bought 3.7 million metric tonnes of carbon elimination credits Since CO280A project developer who works with dough and paper factories.

The purchase covers 12 years of emissions from the first CO280 carbon capture project in a mill on the Gulf Coast. CO280 expects the installation to begin to capture the CO₂ in 2028.

The purchase of Microsoft should help him achieve his goal of becoming a negative carbon company by 2030-that is to say by removing more carbon than his business. But even with Microsoft’s enviable assessment, it is a major challenge: the company has generated 17.1 million metric tonnes greenhouse gases in 2023.

To cut this number, Microsoft bought Large quantities of renewable power And, to fight Remove carbon dioxide from the atmospherehelping to compensate for what he cannot eliminate.

The Microsoft project is the first of a dozen CO280 in progress, the co-founder and CEO Jonathan Rhône declared exclusively to Techcrunch. The Rhône, which sold power plants to the pulp and paper industry, said that adding carbon capture to the process seemed to be a natural adjustment.

“It seemed to be obvious that everyone had missed,” he said. The pasta and paper industry releases 88 million metric tonnes of biogenic carbon dioxide each year.

To build the carbon capture installation, the CO280 works with SLB Capturi, a joint venture between SLB (formerly known as Schlumberger) and Aker Carbon Capture. Capture technology is wide -based Amine processAnd it will be attached to the recovery boiler for a large paper, which helps to recycle various chemicals to reuse. The boiler also releases a lot of carbon locked up in the wood itself.

Normally, the wooden locked carbon would be thrown into the atmosphere. But by drawing co₂ From this step in the process, butterfly paper will effectively remove carbon from the atmosphere by photosynthesis. “Trees do everyone by capturing the CO₂ of the atmosphere, ”said Rhone.

Once captured, carbon dioxide will be sent to 40 miles via a pipeline to a saline aquifer that is used for CO₂ storage. In total, this first phase of the project will capture around 40% of biogenic carbon dioxide released by the factory and 30% of the CO total₂including fossil fuels used to supply the operation. The CO280 provides for a second phase which should double these figures.

Rhone said that carbon capture units will be built as joint ventures with paper mills. In return, the Mills will receive part of the carbon credit product, helping to increase their net profit. The CO280 sells its credits at around $ 200 per metric ton, and buyers can claim tax credits under the law on the reduction of inflation, which reduces the cost.

The CO280 previously sold carbon elimination credits in Frontier, the advanced market commitment created by Stripe, Google, Shopify, Meta and others.