Core Insights - Microsoft is purchasing 3.7 million metric tons of carbon removal credits from CO280 to help achieve its goal of becoming carbon-negative by 2030 [1][2] - The carbon capture project is expected to start in 2028 and will capture approximately 40% of the biogenic carbon dioxide released by the mill [1][7] - CO280 is collaborating with SLB Capturi to build the carbon capture facility, utilizing amine process technology [5] Microsoft’s Carbon Goals - The purchase of carbon credits is part of Microsoft's strategy to offset its greenhouse gas emissions, which totaled 17.1 million metric tons in 2023 [2][3] - Microsoft has been investing in renewable energy and carbon removal initiatives to meet its sustainability targets [3] CO280’s Project Details - CO280's first carbon capture project is located at a paper mill on the Gulf Coast, with plans for additional projects in the future [1][4] - The facility will capture carbon dioxide that would typically be released during the paper production process, effectively removing carbon from the atmosphere [6] - CO280 aims to double the carbon capture capacity in a second phase of the project [7] Financial Aspects - CO280 sells its carbon credits at approximately $200 per metric ton, allowing buyers to benefit from tax credits under the Inflation Reduction Act [8] - The collaboration with paper mills will provide them with a share of the carbon credit proceeds, enhancing their financial performance [8]