Graphyte signs first carbon removal purchase agreement with American Airlines
28 Noviembre 2023 - 1:00PM
Graphyte, a carbon removal startup backed by Breakthrough Energy
Ventures, today announced that American Airlines will be its
inaugural customer, with the purchase of 10,000 tons of permanent
carbon removal to be delivered in early 2025.
Graphyte’s Carbon Casting process leverages readily available
biomass, efficient processing and state-of-the-art monitoring to
make carbon dioxide (CO2) removal quantifiable and permanent.
Relative to existing carbon removal approaches, Carbon Casting
permanently removes and stores CO2 using significantly less energy
and at a substantially lower cost.
“This is a landmark agreement for both Graphyte and American
Airlines,” said Barclay Rogers, CEO of Graphyte. “It demonstrates
the growing demand for affordable and scalable high-quality carbon
removal credits and the ability of Carbon Casting technology to
make a significant impact in the fight against climate change in
the very near term.”
American has a long-term goal to reach net-zero emissions by
2050, and is investing in a variety of technologies to reduce its
carbon footprint. While American’s focus is to reduce emissions
within its operations – for example, through the purchase of more
efficient aircraft and low carbon sustainable aviation fuel -- it
recognizes that carbon credits will play a critical role in
eliminating aviation’s residual emissions. With its purchase of
carbon removal credits from Graphyte, American aims to accelerate
and scale the CO2 removal market.
“American is focused on accelerating new low-carbon technologies
to reduce aviation’s climate impact,” said Jill Blickstein, Chief
Sustainability Officer at American. “Hard to abate industries like
aviation will need high-quality, permanent, affordable and scalable
carbon credits – including removals -- to achieve our emissions
reduction goals. We are excited to work with Graphyte to help them
scale their important new technology.”
This first commercial-scale deployment of Carbon Casting will
take place at a Graphyte facility in Pine Bluff, Arkansas, which
sits at an intersection of major agricultural and timber production
areas. Carbon Casting leverages readily available biomass
byproducts, including crop and wood residues, that have already
captured significant CO2 from the atmosphere through
photosynthesis. The biomass is then dried to prevent decomposition,
converted into dense carbon blocks, wrapped in an environmentally
safe polymer barrier, and monitored in a state-of-the-art
underground storage facility.
About GraphyteGraphyte, a permanent carbon
removal company backed by Breakthrough Energy Ventures, has
engineered the world’s only carbon dioxide removal approach that is
permanent, affordable, and immediately scalable. By combining
photosynthesis with practical engineering, Carbon Casting provides
an immediate pathway for billions of tons of low-cost carbon
removal with durability over 1,000 years. Visit Graphyte.com to
learn more.
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