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 🧪 Why Bill Gates Bet $40M on This Carbon Capture Lab ⛏️ Max Power Prepares to Drill Second Natural Hydrogen Well as Program Expands 325 km SW of Lawson Discovery 💰 Trafigura-Back...
Inside This Issue 🚪 Honda Exits Fuel Cell Partnership as Hydrogen Pivots ♻️ A Breakthrough That Turns Exhaust CO2 Into Useful Materials ✈️ FedEx Takes Delivery of SAF at Dallas Fort Worth and New ...
Inside This Issue 🔍 QIMC Hits 5,558 ppm Hydrogen in Nova Scotia Discovery 🏗️ Haffner Energy Launches the C-iC Modular Units Line to Unlock Financing for Mid-Sized Biofuel Projects 🌱 CF Industries,...
Newly acquired proprietary 2D seismic data has allowed for delineation of a technically robust Natural Hydrogen drill target at “Bracken” on the Grasslands Project along the Saskatchewan-Montana b...
CarbonStorage.io Launches Global Carbon Capture and Low-Carbon Infrastructure Intelligence Platform
New platform delivers real-time project tracking, geospatial mapping, and regulatory datasets for CCS, hydrogen, e-fuels, and CO₂ infrastructure HOUSTON, Feb. 02, 2026 (GLOBE NEWSWIRE) -- CarbonSt...
FedEx Takes Delivery of SAF at Dallas Fort Worth and New York–JFK International Airports
In 2025, FedEx deployed blended SAF for the first time at five major U.S. airports. MEMPHIS, Tenn., Jan. 29, 2026 – FedEx introduced sustainable aviation fuel (SAF) at two more U.S. airports towar...
Air Products (NYSE: APD), the world’s leading supplier of hydrogen, today announced that it was recently awarded supply contracts from the National Aeronautics and Space Administration (NASA) total...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.