Frontier, the nearly $1 billion tech-backed effort to help fund early-stage carbon removal technology, has invested $2.4 million in six companies through its first pre-purchase agreements.
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Just months after committing to spend $925 million on carbon dioxide removal, a collection of major tech companies has announced its first purchases. The group, operating under the banner of Frontier, announced it had purchased nearly 2,000 tons of CDR services from five companies. It's a small ripple in the CDR pond, but one Frontier hopes will turn into a wave to bring down the costs of removing carbon.
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Spreading rock dust on farmland could suck billions of tonnes of carbon dioxide from the air every year, according to the first detailed global analysis of the technique.
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