Milkywire Secures $5 Million in Carbon Removal Agreements with Salesforce for Early-Stage Projects
Milkywire has secured $5 million in carbon removal pre-purchase agreements with Salesforce, involving 19 suppliers and various early-stage carbon removal technologies. This initiative supports Salesforce's goal to procure $100 million in CO2 removal solutions by 2030 and includes projects that offer additional benefits like improved soil health and local economic development. The collaboration highlights a commitment to investing in innovative carbon removal methods to achieve significant climate impacts.
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Milkywire has finalized $5 million in carbon removal pre-purchase agreements with Salesforce, involving 19 suppliers and various technologies aimed at early-stage carbon removal pathways. This initiative is part of Salesforce's commitment as a founding member of the First Movers Coalition to procure $100 million in CO2 removal solutions by 2030.
The agreements support diverse removal methods, including biochar, BioCCS, next-generation direct air capture, enhanced rock weathering, biomass storage, and mineralization. The selected projects, which include companies like Kairos Carbon, Norma, Arbon, and Flux, also provide co-benefits such as improved soil health and local economic development. The collaboration emphasizes investment in innovative carbon removal technologies to achieve significant long-term climate impacts.
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