Investors pile into rocks to absorb carbon emissions

Unlock the editor’s digest in free

FT editor Raula Khalaf selected his favorite stories in this weekly newsletter.

Technology companies, banks and shipping groups are investing in a manner in removing carbon dioxide that promises to speed up the chemical reaction between the absorbing rock and rainfall.

Its promoters say that the natural geological process is accelerated by spreading the crushed silicate rock to contact CO3. Alkaline materials can also be added to the bottom of the sea.

The concept is growing in popularity, pollutants are betting on various technologies that can hit the “net zero” goals in the next decades as cheap.

Microsoft agreed to buy 12,000 tons from Sun-Francisco-based Terradot last month to buy 12,000 tons to buy 12,000 tons of carbon credit, which transported Basalt to Basalt from southern Brazil. Microsoft Climate Innovation Fund participated in the $ 54 million $ 54 million fund for the company.

The Elon Mask Foundation-backed Express has recently paid two $ 5 million and $ 50 million to the extended weather promotion: London-based start-up agency has undertaken, from which Microsoft has also promised to buy credit, and Matti Carbon, which has funds from JPMRG, has been funded by rice.

Using a Apart technology Depending on similar chemical reactions, the Abu Dhabi national oil company Fujirah has supported the start-up 44.01 in the pilot technology that injected the dissolved co-in the stones found in the Emirates of Fujirah.

Initial tests for extended rock Weathering have shown that 1ha can be caught from the land of about 4 tonnes of co -co -co -land. Once the rock is spread, the ions can take years deep in the ground, export to underground water and sea for months and become a solid calcium carbonate for thousands of years.

“We are in the cloud to make coral reefs,” India’s fourth generation tea-planner, Sparsh Agarwal, said ALT Carbon co-founder, a start-up with a project of Darzilling, planning to provide its first carbon credit in June. It has previously sold credit for one ton 270 dollars.

Ult Carbon signed an offTech agreement with the Nextzen Coalition last year, led by Mitsubishi Corporation and included UBS and Swiss ray. At the end of the decade, it has signed a similar agreement with a coalition called Frontier, including the promise of agencies, including stripes, alphabet and meta to buy at least $ 1 billion permanent carbon removal.

The company works at the Himalayan foot, where it spreads fine ground basalt rock in the field.

The Frontier has spent more than $ 150 million in contracts for future carbon credit from this process. Other start-ups with the Frontier signed the Brazilian sugarcane garden and the rooster farm in Cameroon.

The extensive sample required to verify the progress of the ions through the soil is still “commercially and operational challenges”, said Simon Manley, the chief of the removal of carbon dioxide for the specialized rating Sylvira.

At this point, to collect samples from fields to reach the stage of being able to issue credit, “lots of hard -working scientists are walking on their hands and knees”, he noted,

Japanese shipping companies have agreed to buy extended weather credit to discard some of their emissions in both the NYK and Mitsu OSK line – from the burning of shipping fuel in the case of NY.

European Economic Zone entry and leaves were responsible for each European Commission, an average of 5 tonnes of greenhouse gas in 2021. ApproximateThe

Nan Ranosohf, founder of the Frontier Coalition, says that natural interaction between rock and co -co -co -in the rainwater helps the planetary systems absorb about 1 gram in one year. This means “when it is happening but the question of when it is less.”

Rasohf says that the existing weather and agricultural processes “pigback” were likely to be relatively low expensive processes. Projects use quarring bybids and encourage farmers to spread rock as their fertilizer.

However, it is more expensive to properly measure carbon removal technology, such as Direct Air capture, where the machines suck directly outside the atmosphere and separate the underground.

According to the MSCI Carbon Market data, the price for the extended weather Credit O contract is less than $ 500 per ton up to less than $ 75 per ton.

Lucas May, Chief Commercial Officer of Carbon Credit, isometric, says standard-sepeters can develop methods that can improve the procedures that can predict the co-storage by not only able to measure it through clay samples. However, theoretically expenses can also increase.

The market is still in childhood. Isoometric announced the first distribution of credits to independently verified in January. MSCI has said that so far investment is about 7 percent of the total investment ($ 53mn) of permanent carbon removal.

Recent Research MIT mentions that there was a need for less dedicated land than bioinzi with extended rock wearinging carbon capture and sequistration, it is a popular type of carbon removal that saves and saves the co -stored when burning biomass.The

These techniques are considered as more expensive or energy-intensive than cutting the emissions in the first place by burning low fossil fuels.

Image Every smile, By graphic Janina conboye