May 23, 2023 – To help speed and scale the growth and development of carbon dioxide removal (CDR) technologies, JPMorgan Chase signed long-term agreements to purchase over $200 million in high quality, durable CDR.
One long-term agreement, with CO280 Solutions, Inc., is one of the largest carbon removal agreements ever announced: The Firm signed a ‘Memorandum of Understanding’ (MOU) with CO280 Solutions, Inc., reflecting the Firm’s intent to purchase up to 30,000 mtCO₂e of CDR per year for delivery over up to 15 years, for an expected total removal of as much as 450,000 mtCO₂e.
