View original ↗on esgtoday.com
deal · 21 May 2025
JPMorganChase ↔ CO280
JPMorganChase: a firm purchase of 450,000 t of bioenergy with carbon capture and storage removal from CO280.
BuyerJPMorganChase
SupplierCO280
Tonnes450,000 t
Capture pathwayBioenergy with carbon capture and storage
Storage mediumgeological
Commitment typefirm
Deal structureofftake
Source pathway descriptioncarbon removal through capturing and permanently storing biogenic carbon emissions from a pulp and paper mill
Storage descriptionpermanent storage of biogenic carbon emissions
Delivery window13 years
Project locationU.S. Gulf Coast
NotesPrice under $200 per ton. Follows initial MOU signed by JPMorgan and CO280 in 2023. Project involves retrofitting pulp and paper mill with carbon capture technology. CO280 partnership with Aker Carbon Capture and Microsoft also mentioned for broader market development.
Durability defaultedtrue
Previous durabilitydurable-1000y
Previous durability basispathway-default
Durability notePathway default removed; duration requires source evidence
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