Vancouver’s CO280 has signed a 13-year carbon removal agreement with JPMorganChase, under which the bank will purchase 450,000 metric tons of CO₂ at under $200 per ton—one of the lowest prices for engineered carbon removal to date. The project captures biogenic emissions from a U.S. Gulf Coast pulp mill retrofitted with SLB Capturi’s technology.
This follows CO280’s major deal with Microsoft last month. CO280’s model, focused on repurposing industrial infrastructure, positions it as a leader in cost-effective, scalable CDR solutions. JPMorgan’s early backing signals rising corporate interest in verifiable, high-quality carbon removal.
Want to know more? Check out the source code on CleanEnergy.ca.