Cleaner Tech
Frontier Carbon Removal Fund Just Inked a $53 Million Deal
- Carbon fund signs deal with Charm Industrial to remove carbon
- As part of deal, startup will remove 112,000 tons by 2030
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An effort to pull planet-warming pollution from the atmosphere backed by Stripe, Google and other prominent companies has sealed one of the biggest carbon-removal deals on record.
Charm Industrial, a carbon-removal startup based in San Francisco, will receive $53 million to remove 112,000 tons of carbon between 2024 and 2030. The deal marks the first offtake agreement by Frontier, a coalition backed by the tech companies that aims to spend nearly $1 billion on permanent carbon removals.