Stockholm Exergi sells $48.6M of negative carbon emissions to Frontier

In Sweden, Stockholm Exergi has signed an agreement for permanent negative emissions worth just over $48.6M for delivery from 2028 to 2030. The purchase will be made by Frontier and includes buyers such as Stripe, Alphabet, Shopify, Meta, JP Morgan Chase CO, H&M and McKinsey Sustainability. 

Frontier’s goal is to build a portfolio of companies working on carbon capture that together can reach climate-relevant scale in the coming decades. Frontier is a market commitment that effectively pre-guarantees future demand in order to reduce the risk of entrepreneurs starting carbon capture businesses.