Frontier facilitates third round of carbon removal purchases

frontierclimate.com, September 7

„Frontier has facilitated $7M of carbon removal purchases from 12 companies—Airhive, Alkali Earth, Banyu Carbon, Carbon Atlantis, CarbonBlue, CarbonRun, EDAC Labs, Holocene, Mati, Planetary Technologies, Spiritus Technologies, and Vaulted Deep—on behalf of buyers Stripe, Shopify, and H&M Group. In addition, Stripe has provided $500K in R&D grants to Carboniferous and Rewind, and $200K to Arbon and Vycarb as part of a partnership with Activate. Over the last three months, the Frontier team evaluated 132 applications along with 230 pages of technical reviews on selected applications from Frontier’s global network of scientific experts. This cycle they saw a more than 7X increase in applications proposing solutions that can store CO₂ for 1,000+ years compared to Stripe’s first purchase cycle three years ago.“