New carbon removal tech targets paper mills and sewage
Tech and finance giants are leading the charge in carbon capture, investing $80 million to help transform paper mills and sewage treatment into climate-friendly operations.
Major firms including Google, Stripe, and Shopify have pledged $80 million to support innovative carbon capture technologies, targeting emissions from paper mills and sewage plants in the US. This investment is part of the Frontier coalition’s strategy to develop cost-effective solutions for reducing atmospheric carbon.
Two start-ups, CO280 and CREW, will benefit from the funding. CO280 plans to deploy carbon capture technology adapted from the oil industry to trap emissions from paper mills. Meanwhile, CREW will enhance wastewater treatment processes with limestone to absorb carbon dioxide, leveraging rocks’ natural CO2-attracting properties.
The coalition’s aim is to drive down the cost of carbon removal to $100 per metric ton in the US, a significant reduction from current prices. Frontier’s head of deployment, Hannah Bebbington, highlighted the potential to integrate these technologies into older industries, paving the way for large-scale, affordable carbon removal in the near future.