Milkywire’s Post

📣BIOSORRA is beyond excited to announce that it has secured purchase agreement with Klarna, Spotify, BioGaia AB, Atomico and Mentimeter thanks to Milkywire’s Climate Transformation Fund.😍We are ready to scale this climate journey together and are extremely grateful for the trust and support given by Robert Höglund, Natalya and all Milkywire team! 🙏Although we are glad and celebrate to be one of the winners among #thousandsofapplicants, it doesn't excite us to realize the amount of great newborn innovator startups not being supported by corporate buyers and having this big of a competition among our carbon removal supplier peers with a huge need to be differentiated. Same feeling we got recently when being named as the top 100 best XPRIZE CDR teams among #thousandsofapplicants. 🎉BIOSORRA’s congratulations is to everyone out there who is pushing towards carbon removal #innovation and #action 🌳Let’s not get distracted and keep working towards removing CO2 while the next bulk of carbon buyers clear themselves so we remain ready once they come. 🌍The world needs more Milkywire's, AirMiners’, XPRIZE’s, International Biochar Initiative’s, Carbon Standards International AG's.. thank you for the great example! ..And the world and corporate buyers🦈also need us, dear competitors and innovators🐡, to remove #thousandsoftonnes, even if they don't know us yet! #letsgo!! 🚀 📩If you want to support with pre-purchases or donations to other innovators, reach out to Milkywire. And if you are crazy enough to join us, drop a message to [email protected]. ⏳Because #climatedoesntwait and we #wontgiveup in conforming ourselves with the projected future that would await us if we don’t #takeaction. Jasmin Liu, Carla Escobedo Jalife, Ines Serra Baucells, Fernando R. Lima Queralt, Purity Chomba!

Big news! After an extraordinarily competitive selection process, Milkywire has chosen thirteen new carbon dioxide removal suppliers we intend to support through the Climate Transformation Fund in 2024. This year, we reviewed over 220 CDR proposals through our open call, and have chosen suppliers who are pushing the limits of current technology. CDR is crucial, but it's still in the early stages. For CDR this decade is all about figuring out which technologies are the most effective, affordable, and scalable and laying the foundation for an industry that can scale massively in the years to come. Congratulations to: Aquarry, Flux, Mati Carbon, Vycarb, Alkali Earth. Gaia Refinery, Yama (formerly Maia), Ucaneo, Carbon Atlantis, Holocene Solidaridad Network/Planboo, BIOSORRA, PyroCCS - Biochar CDR Solution. These new partnerships include ventures in new geochemical solutions such as Aquarry’s method of using mine pit lakes, novel direct air capture methods as Gaia Refineries mix of biomass removal and DAC, and very scalable biochar technologies increasing the incomes of vulnerable farmers such as in Planboo and Solidaridads project. We are excited to be the first significant buyer for many of these companies. Read about all selected suppliers here: https://lnkd.in/gvmWQtjG Basically all of these startups need more support than we currently can give them to properly try out their solutions at a relevant scale. We need you to pitch in as well. Get in touch, and we will let you know how your company can support the CDR startups in the fund with a pre-purchase or donation.  The Climate Transformation Fund aims to support all types of solutions needed for global net zero, including emission reduction, and nature restoration & protection projects. For these categories our 2024 selection is still ongoing. Klarna, the founding donor to the fund, just announced that they are raising their internal carbon fee to $200 per tonne in Scope 1 and 2, while contributing $100 for emissions from business travel and $10 per tonne for the rest of Scope 3. In 2024 they will contribute over $2 million, making their total contribution to projects in the fund $7 million since 2021. The fund is also supported by companies like Spotify, BioGaia AB, Atomico and Mentimeter and has supported 30 projects worldwide since 2021. By the end of this year, we expect to have paid out more than $13 million to over 45 climate projects in total. https://lnkd.in/gvmWQtjG

📣 Thrilled to recognize the pioneering efforts of Mati Carbon and Flux for deploying EW into smallholder agriculture in Kenya and India. As anyone working in smallholder agriculture can attest: it's not easy work! In fact, success for a smallholder usually means leaving the farm and moving to the city. Professionalizing smallholder agriculture through higher incomes has been a global development goal for decades now, but it is challenging given highly variable weather and scarce resources to mitigate this risk. What Mati and Flux have done is use the urgency around decarbonization to bring new revenue opportunities to farmers. This includes double-digit yield gains from fresh mineral additions to these fields traditionally deprived of most inputs. Bravo for tackling the hard problems! 👏

🌍 An epic leap for climate action: Graphyte's Loblolly facility is on the verge of revolutionizing carbon removal! Powered by Bill Gates' Breakthrough Energy Ventures, this startup is making strides by launching what may become the world's largest carbon removal plant to date. 🌱 Utilizing carbon-rich biomass from paper mill byproducts, Graphyte is set to produce bio-bricks for centuries-long storage, proving that sustainability and innovation can go hand-in-hand. With ambitions to remove 15,000 metric tons of CO2 from the atmosphere by the end of this year and a projected capability of 50,000 tons in 2025, Graphyte isn't just making a statement—it's setting a new industry benchmark. 💼 Yet, this arena is fiercely competitive. Pioneers like Charm Industrial, Climeworks, Heirloom Carbon Technologies, Rockwell Automation, and Occidental Petroleum are in the race, advancing various techniques to trap emissions - the goal is to significantly offset carbon outputs equivalent to multiple gas-fired power plants. 💡So, what sets Graphite apart in this carbon crusade? Speed and affordability. With the facility costing around the $10 million mark, compared to the billion-dollar investments of others, and offering carbon removal services at a breakthrough price of $100 per ton, Graphyte is paving the way for accessible and scalable climate solutions. Read more about this exciting development and delve deeper into the impacts of carbon capture on our planet's future. Click the links below for insightful articles! ➡️ Full story from EEnews on the Graphyte's Loblolly facility "Exclusive: World's largest carbon removal plant is about to open" - https://bit.ly/3UvsIf6 ➡️ Learn more about Carbon Capture and the Inflation Reduction Act on IMMIX LEARN - "A New Dawn for Sustainability; Carbon Capture and the Inflation Reduction Act of 2022" - https://lnkd.in/gziti7Vr #CarbonRemoval #SustainableTech #ClimateSolutions #Sustainability #Graphyte #BarclayRogers #Startups #OccidentalPetroleum #CharmIndustrial #Climeworks #HeirloomCarbonTechnologies #RockwellAutomation #OccidentalPetroleum #BillGates #BreakthroughEnergyVentures

NextGen will purchase a long-term supply of carbon dioxide removal credits from the Indian removal project, certified by the Isometric registry, at an average price of $200/mtCO2e for 2025-30 delivery, the companies said in a statement. NextGen is a joint venture between project developer South Pole and Japanese industrial conglomerate Mitsubishi Corp. The credits from this project will be bought by a suite of global buyers including Boston Consulting Group, LGT Group, Mitsui O.S.K. Lines, SwissRe and UBS. CO2 removal, or CDR, refers to climate mitigation strategies that remove CO2 emissions from the atmosphere, in contrast to strategies to avoid such emissions. Carbon removal projects encompass a wide array of approaches, including technology-based methods like direct air capture, enhanced rock weathering, biochar, biomass carbon removal and storage, as well as nature-based projects such as afforestation and reforestation.

Frontier, the Stripe-led carbon removal fund, just announced one of its biggest deals to date. The coalition agreed to pay Vaulted Deep $58.3 million to remove 152,480 metric tons of CO2 by 2027. The startup is injecting carbon-rich "slurry" made from organic waste into underground salt caverns, I wrote for Canary Media Inc. this morning. Vaulted is among a growing subset of carbon-removal companies that are looking to use biomass waste in particular. Determining what counts as "waste" — and verifying whether projects actually remove CO2 as intended — are key challenges facing the emerging category in general. https://lnkd.in/eCyQx_rp

A few thoughts on (a) painful 𝐥𝐚𝐜𝐤 𝐨𝐟 𝐚 𝐟𝐢𝐭-𝐟𝐨𝐫-𝐩𝐮𝐫𝐩𝐨𝐬𝐞 𝐔𝐒 𝐜𝐥𝐢𝐦𝐚𝐭𝐞 𝐩𝐨𝐥𝐢𝐜𝐲-𝐦𝐢𝐱 and the (b) 𝐚𝐯𝐚𝐢𝐥𝐚𝐛𝐢𝐥𝐢𝐭𝐲/𝐯𝐨𝐥𝐮𝐦𝐞 𝐨𝐟 𝐬𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐛𝐢𝐨𝐦𝐚𝐬𝐬 for BiCRS/CDR reflecting on Christopher Knop's nuanced views and open questions. 1, 𝐅𝐞𝐞𝐝𝐬𝐭𝐨𝐜𝐤 𝐚𝐯𝐚𝐢𝐥𝐚𝐛𝐢𝐥𝐢𝐭𝐲: " The recent analysis [ -> RoadsToRemoval.org ] by Lawrence Livermore National Laboratory projects a potential future [ US ] supply of almost 500 million dry tons per year of biomass wastes and residues that could be used for CDR by 2050. This study includes agriculture, forestry and municipal waste, including wood from fire treatments in western U.S. forests." This figure shows that even on the giant landmass of the US (sustainable) biomass is far from unlimited. Moreover, "certain sustainable agricultural practices entail retaining residues, as the decomposition of dead material is an important ecological process. More research is needed to determine the appropriate amount of agricultural and forestry wastes that should be left on farms and forest floors to maintain soil health." ( as summarized by World Resources Institute: https://lnkd.in/edFhhw9b) So we have multiple trade-offs ( e.g soil health versus removal of biomass residues) and competing use of land ( e.g. nature, food and feedstock). 2, 𝐏𝐨𝐥𝐢𝐜𝐲-𝐦𝐢𝐱: as so many celebrates the "New Principles for High-Integrity Voluntary Carbon Markets" issued by the The White House let's acknowledge that as Oreskes Naomi observed* "𝐚 𝐥𝐨𝐭 𝐨𝐟 𝐰𝐡𝐚𝐭'𝐬 𝐠𝐨𝐢𝐧𝐠 𝐨𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 𝐫𝐢𝐠𝐡𝐭 𝐧𝐨𝐰 𝐢𝐬 𝐜𝐚𝐫𝐫𝐨𝐭𝐬, 𝐛𝐮𝐭 𝐧𝐨𝐭 𝐬𝐭𝐢𝐜𝐤𝐬" and a heavily voluntary corporate climate action relying approach is fundamentally unfit for addressing the climate crisis, including the scaling/speeding up of CDR. So as the #VCM improves itself - with some inspiring regulatory steering such as the one from The White House last week - don't miss the forests for the trees: the US climate policy is fundamentally flawed. We cannot solve the climate crisis only through 'incentives' not to mention corresponding #greenwishing and #greenwashing. So even if the #VCM grows up to 50 bn USD /year by 2030 ( a McKinsey & Company widely quoted figure) it is only a small PART of the solution. Perhaps we should also remember what Oreskes Naomi pointed out 2021: " IPCC, You’ve Made Your Point: Humans Are a Primary Cause of Climate Change - 𝐈𝐭’𝐬 𝐭𝐢𝐦𝐞 𝐭𝐨 𝐫𝐞𝐝𝐢𝐫𝐞𝐜𝐭 𝐲𝐨𝐮𝐫 𝐦𝐚𝐣𝐨𝐫 𝐟𝐨𝐜𝐮𝐬 𝐭𝐨 𝐡𝐨𝐰 𝐰𝐞 𝐝𝐞𝐚𝐥 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐩𝐫𝐨𝐛𝐥𝐞𝐦".This applies to all of us including those in the BiCRS/CDR domains. I am with Winston Churchill: 'Sometimes doing your best is not good enough. Sometimes you must do what is required.' [ continued below in comments ]

From day one, we’ve focused on the bigger picture, ensuring our model has a global reach, is environmentally sustainable, and benefits local communities. The goal? To scale up to the gigatonne level. Here’s how: https://lnkd.in/e4qZwFYY #GigatonneThinking #ClimateAction #Sustainability #biochar #biofuel #pyrolysis

In recent months, I’ve dedicated significant time to reading and researching the most cost-effective and sustainable methods for carbon capture. Many existing techniques, especially in their early stages, are prohibitively expensive, making large-scale implementation challenging. I’m thrilled to share insights from my latest research into a groundbreaking approach for carbon sequestration using microalgae. This journey into the world of microalgae has been both eye-opening and promising in the quest for a sustainable future. Microalgae are extraordinary organisms, excelling at absorbing carbon dioxide (CO₂) through photosynthesis. What’s truly fascinating is their efficiency—these tiny microorganisms can fix carbon up to 50 times more effectively than terrestrial plants! This exceptional capability positions them as perfect candidates to tackle the escalating CO₂ levels in our atmosphere, primarily driven by industrial emissions and fossil fuel combustion. A key innovation in my research involves the use of specialized textured polymer surfaces to cultivate microalgae biofilms. These surfaces provide an optimal substrate for algae growth, significantly enhancing their ability to capture CO₂. This method not only improves growth rates and CO₂ absorption but also integrates seamlessly into marine environments without disrupting ecosystems or shipping routes. By mimicking natural habitats, these polymer surfaces offer microalgae a conducive environment to thrive, ensuring high biomass production. This biomass, rich in valuable compounds, can be converted into biofuels and other eco-friendly products, presenting a viable alternative to fossil fuels. Microalgae cultivation also extends beyond carbon capture. These organisms help mitigate ocean acidification and can be strategically deployed to balance nutrient dynamics in marine ecosystems. Their role in producing biofuels from captured carbon highlights a circular approach, where carbon emissions are transformed into sustainable energy sources. While the potential is immense, scaling up microalgae-based carbon sequestration presents challenges like nutrient management, contamination control, and economic feasibility. However, with ongoing advancements and collaborative efforts, we can overcome these hurdles and harness microalgae’s full potential. As we face the pressing challenges of climate change, embracing innovative solutions like microalgae-based carbon capture is crucial. I invite my network to explore this exciting field, support sustainable practices, and join the dialogue on transforming our environmental impact. Let's drive the change towards a greener future—one microalgae at a time! #ClimateAction #SustainableEnergy #CarbonCapture #Microalgae #Innovation #EnvironmentalScience #RenewableEnergy PS: I look forward to your thoughts on this. Do you think monitoring with AI can significantly improve this process? Let's discuss!

🌱 Big Updates Coming to the EcoSpera Platform! 🌐 We're excited to announce significant updates to the EcoSpera platform, aligning with the new Spera Impact Standard (SIS) Version 1.5. As we continually strive to enhance our offerings, these updates reflect our dedication to precision, accountability, and technological advancement in sustainable practices, and above all, transparency from seed till retirement with full audit trails. What’s New? - 🛰️ Advanced Monitoring Capabilities: We are finalizing negotiations to upgrade our satellite imagery resolution to an impressive 1.5 meters per pixel. This enhancement will allow for more detailed and accurate monitoring of projects. - 🌳 Yearly Biomass Measurements: To improve the accuracy of our carbon credit calculations, we will implement annual above-ground biomass measurements. This will ensure that our carbon credits are backed by the most precise data available. Exciting Integrations Ahead: - 🔄 Integration with ESG Reporting Platforms: Preparations are underway to integrate the EcoSpera platform with a leading ESG reporting platform. We will be announcing our partnership shortly, marking a significant step towards seamless ESG compliance and reporting. Stay tuned as we continue to innovate and lead the way in digital solutions for environmental sustainability. Your partnership and engagement on our platform are vital as we embark on this enhanced journey towards a more sustainable and transparent future. 🔗 Follow us for more updates and get ready to experience the next level of precision in sustainability management! #EcoSpera #Sustainability #CarbonCredits #ESGReporting #EnvironmentalImpact #speraimpact #sis15