In Brief Microsoft announced Thursday it would buy 3.6 million carbon removal credits from a biofuels plant in Louisiana owned by C2X. The plant, which is slated to begin operating in 2029, will process forestry waste into methanol, which can be used to power ships and planes and as a raw material for chemical manufacturing. Altogether, the facility will produce more than 500,000 metric tons of methanol. About 1 million metric tons of carbon dioxide will be captured and stored, likely underground.The purcha ...

Group 1 - Boeing has signed a deal with startup Charm Industrial to remove 100,000 metric tons of carbon from the atmosphere [1] - Charm collects agricultural and forestry waste to produce "bio-oil," which is injected underground for carbon sequestration [1] - The aviation industry has made little progress in reducing carbon emissions, leading to a search for alternatives like carbon removal [2] Group 2 - By 2050, the aviation industry may need to spend at least $60 billion on carbon offsets to achieve net zero emissions [2] - Charm can also produce biochar, which can enhance soil productivity, although these efforts are still developing [3] - Two years ago, Charm sold 112,000 carbon removal credits for $53 million, aiming to reduce costs to about $50 per metric ton [3]