Image: Arca Climate Technologies.
Arca Climate Technologies announced Wednesday at the IEA Energy Innovation Forum an offtake agreement with Microsoft to deliver nearly 300,000 tonnes of durable carbon dioxide removal (CDR) over 10 years. The value of the deal was not disclosed.
Arca is one of the first companies commercializing mineralization for the capture and storage of atmospheric CO2 that is supported by scientific research and technology development.
The Canadian company was named in 2022 as one of the country’s most investable cleantech ventures.
This year, Arca co-authored a whitepaper, Beyond Extraction: Transforming Mine Waste Into A Net-Zero, Multi-Billion Dollar Opportunity, that theoretically connects the surging demand for carbon removal credits with unique advantages of mine waste mineralization, compared to other carbon removal methods.
The agreement with Microsoft,…
