Large-scale carbon removal developer CO280 and banking company JPMorgan Chase announced that they have signed a carbon dioxide removal (CDR) offtake agreement priced at under $200 per ton.
This trailblazing deal marks one of the lowest-priced carbon removal agreements to be delivered via an engineered CO2 management solution.
The collaboration will leverage a pioneering low-cost CDR scaling approach developed by CO280, centered around retrofitting pulp and paper mills to capture biogenic CO2 from boiler stack emissions.
