Carbon removal buyer coalition Frontier announced that it has facilitated carbon removal offtake agreements of more than $31 million with Ocean Alkalinity Enhancement (OAE) technology company Planetary, from buyers including Stripe, Google, Shopify, and McKinsey Sustainability, Autodesk, H&M Group, and Workday.
Under the new agreements, Planetary will deliver 115,000 tons of carbon removals between 2026 and 2030, generated through a process that removes carbon from the atmosphere and stores it in the ocean for thousands of years, marking the largest-ever OAE carbon removal agreement to date.
Founded in 2019, Canada-based Planetary is developing OAE methods to remove carbon dioxide from the atmosphere while also addressing ocean acidification by restoring coastal waters’ ability to absorb CO2 t…
