Squamish’s Carbon Engineering (CE) has launched a new carbon dioxide removal service that allows customers to purchase the removal of carbon dioxide from the atmosphere using CE’s large-scale DAC technology.
Canadian e-commerce darling Shopify has signed on as the first customer for the service, reserving 10,000 tonnes of permanent carbon removal capacity from a large-scale DAC project.
The news is part of Shopify’s Sustainability Fund which was launched one year ago and commits the company to invest a minimum of $5 million annually in the most promising climate solutions and technologies
The carbon dioxide removal will be achieved through CE’s plant development partner, 1PointFive – the US development company currently engineering CE’s first industrial-scale facility that is expected to be operational in 2024.
Shopify’s significant commitment – the largest publicly-announced corporate purchase of DAC-based carbon removal – reflects a growing awareness of the need to include large-scale carbon dioxide removal as part of the climate solution. DAC removes carbon dioxide directly from the atmosphere, enabling it to be permanently, securely and measurably put back underground.
This process entirely reverses any carbon dioxide emission, providing a solution for hard-to-decarbonize industries and processes, as well as providing customers with a reliable way to remove their emissions from the past.
“We’re thrilled to expand our relationship with Shopify and welcome them as our first carbon removal customer, and we look forward to supporting others so we can collectively make large-scale carbon removal a reality,” said CE CEO, Steve Oldham.
“Carbon Engineering’s mission has always been to deliver a highly scalable and affordable solution for removing carbon dioxide from the atmosphere. We’re on the brink of large-scale deployment of our technology and the next critical step is accumulating market interest and securing customers. This new service allows us to do that. It also makes it easy for companies and governments to include permanent carbon removal in their net-zero plans.”
CE’s new service allows customers to purchase carbon removal units in quantities as small as 100 units. Each unit represents one metric tonne of carbon dioxide captured and permanently removed from the atmosphere, offsetting emissions from the past, the present day, or the future.
Customers pre-pay a deposit for their carbon removal units, with the remainder due only once the carbon dioxide has been physically removed and independently verified.