Microsoft Partners with CO280 to Launch Groundbreaking Carbon Capture Initiative

CO280, a project developer specializing in carbon capture technology, recently announced an innovative partnership with Microsoft. Combined, they will develop the world’s first carbon capture and storage facility at a pulp and paper mill on the Gulf Coast. This effort is the first of its kind for CO280. Right now, CO280 is working to create a total of twelve projects.

The partnership’s immediate goal is to capture and store at least 40% of the biogenic CO2 released at the mill. It is supposed to sequester 30% of the CO2 emitted, including carbon from fossil fuels burned to run the mill’s operations. By 2028, CO280 hopes the facility will be up and running and clearly showing its value to the carbon reduction cause.

CO280 also recently announced a partnership with Microsoft. The company last year sold carbon removal credits to Frontier, which includes big players such as Stripe, Google, Shopify, and Meta. Credits currently sell for around $200 per metric ton. Buyers can benefit from Inflation Reduction Act tax credits, which further reduces their costs.

CO280 is partnering with SLB Capturi, a joint venture between SLB (formerly Schlumberger) and Aker Carbon Capture. Now, with their powers combined, they are constructing this transformative facility together. Jonathan Rhone, the CEO of CO280, emphasized that integrating carbon capture into the pulp and paper manufacturing process was a logical step.

“The trees do all the heavy lifting by capturing CO2 from the atmosphere,” – Jonathan Rhone

The company is looking forward to deploying its carbon capture units. They’ll work directly with paper mills of all sizes to make sure it fits seamlessly into existing operations. The first phase of this ambitious project intercepts over three fourths of the emissions. The second phase will focus on at least doubling that original capacity.

Through active stewardship of the natural resources gathered at CO280’s approach goes further, creating sustainability looping back into the pulp and paper industry while focusing on external environmental goals. All of these sectors are under pressure to reduce their carbon emissions. CO280’s projects could open the door for more similar work to be done in other sectors.