Stripe to Purchase Carbon Removal from CarbonBuilt
Purchase agreement will accelerate adoption of CarbonBuilts technology that injects CO2 into concrete, storing it for good
- Purchase agreement will accelerate adoption of CarbonBuilts technology that injects CO2 into concrete, storing it for good
LOS ANGELES, May 26, 2021 (GLOBE NEWSWIRE) -- CarbonBuilt announced it has entered into a Carbon Removal Purchase Agreement with Stripe , in which Stripe will pay CarbonBuilt $250,000 to sequester nearly 1,000 metric tons of CO2 from CarbonBuilts first commercial project. - The agreement is part of Stripes Negative Carbon Emissions Project which is catalyzing the removal and sequestration of carbon dioxide from the atmosphere.
- We are honored to have been selected by Stripe Climate and its expert panel of advisors through this competitive process, said Rahul Shendure, CEO of CarbonBuilt.
- Combined with CarbonBuilts best-in-class CO2 utilization economics and scalability, Reversa accelerates humanitys path towards economically-viable, gigatonne-scale carbon removal while delivering even larger emissions reductions.