CO280 has signed a deal with JPMorgan Chase to capture 450,000 tonnes of carbon dioxide over 13 years at a cost of under US$200 per tonne. They are also developing a network of more than 10 CDR projects totaling 10 million tonnes per year.
Organizations Involved
JPMorgan Chase, Microsoft
Founders
Jonathan Rhone
Company Description
CO280 is a Canadian carbon capture firm that scales up Carbon Dioxide Removal (CDR) by retrofitting pulp and paper mills to capture biogenic CO2 from boiler stack emissions. The captured CO2 is stored underground and sold to buyers to support mitigation of unabated operational emissions.