Published by Todd Bush on May 9, 2025
World’s largest annual CDR delivery deal: Microsoft'’s expanded agreement now totals 5.08M tons, with 500,000 tons captured annually.
$1.3B BECCS facility operational by 2028: Stockholm Exergi’s plant will permanently store biogenic CO₂ beneath the North Sea.
Significant climate leadership signal: Microsoft doubles down on durable carbon removal as part of its aggressive net-zero strategy.
Microsoft has more than doubled its carbon removal commitment with Stockholm Exergi, increasing the volume of carbon dioxide to be permanently stored from 3.3 million tons to 5.08 million tons over a 10-year period.
The agreement centers on Stockholm Exergi’s Bioenergy with Carbon Capture and Storage (BECCS) facility, currently under construction near Värtaverket in Stockholm. Slated to be operational by 2028, the \$1.3 billion plant will be capable of removing up to 800,000 tons of CO₂ annually—surpassing emissions from all road traffic in Stockholm over the same timeframe.
“This agreement is the world’s largest, calculated in terms of annual deliveries,” said Stockholm Exergi in a company statement.
Captured biogenic CO₂ will be temporarily stored before transport to Norway, where it will be permanently injected underground in the North Sea. This part of the operation is backed by the Northern Lights project, a cross-border carbon transport and storage initiative by Equinor ASA, Shell Plc, and TotalEnergies SE.
“Microsoft’s choice to extend its agreement with us shows strong confidence in our bio-CCS project and our ability to deliver sustainable, permanent negative emissions,” said Anders Egelrud, CEO of Stockholm Exergi. “It is also a clear signal that companies with high climate ambitions in the voluntary market continue to focus on combating climate change and on building up the industry for negative emissions.”

Anders Egelrud, CEO of Stockholm Exergi
>> In Other News: We’re Announcing Two New Partnerships to Eliminate Superpollutants and Help the Atmosphere
This expansion underscores Microsoft’s leadership in the voluntary carbon market and complements a string of recent deals in the CDR space. In the last month alone, Microsoft signed agreements with Carba, Living Carbon, AtmosClear, Fidelis, and CO280, with the latter involving a 3.685M-ton deal targeting the U.S. pulp and paper sector.
For Microsoft, the expanded partnership reinforces its goal of becoming carbon negative by 2030 and driving market development for high-durability carbon removal solutions.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🪨 Pathways CCS: What Still Has to Be Signed Before FID 🌍 Namibia Fires Up Africa's First Green Hydrogen Hub 💂 METLEN Conducts First Fire on Waste at the Protos ERF Plant in Chesh...
Inside This Issue 🚧 Carbon Price Gap Stalls Heidelberg Materials' $1.36B Edmonton Cement Carbon Capture Project ⛽ Shanghai Electric Contributes to World-Record Biomethanol Bunkering Operation ⚖️ I...
Inside This Issue 🌱 Mombak Beat Google's 2028 Carbon Deadline by Two Years 🛫 China's First SAF Compliance Service for Foreign-Registered Business Jets Successfully Implemented ✈️ UMeWorld Advances...
Expansion adds Premier Ag Transportation Inc. fleet to the site alongside Western Milling and ten other commercial customers, with capacity available for more WHITE PLAINS, N.Y.--(BUSINESS WIRE)--...
LANCASTER, Calif., Aug. 25, 2026 /PRNewswire/ -- US Hybrid Corp. and First Public Hydrogen (FPH₂) today announced a public-private partnership marking a major step in California's transition to hyd...
Aker Solutions to Accelerate Carbon Capture and Removal Projects With Microsoft
Aker Solutions has signed an agreement with Microsoft to advance the maturity, bankability and delivery of carbon capture and storage (CCS) and carbon dioxide removal (CDR) projects across the glob...
Rhinoflux and Swing Launch Sewage Sludge-to-Power and CO2 Capture PoC Trial in Japan
Sewage treatment facility Kyoto University-born deep tech startup Alex Mazawa, Co-founder and CEO of Rhinoflux Inc. ...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.