"We can create a market for that [forest] material by converting it into durable carbon removal, said Barclay Rogers, founder and CEO of Graphyte."
"Taylor Wright, JPMorgan's head of operational sustainability, cited Graphyte's proven technology as one reason behind the deal, emphasizing the importance of projects that deliver carbon benefits and support local economic growth."
"I say this in DC a fair bit: Say what you will about climate change, but I think we can all get behind the idea that you need to reduce the wildfire risk in the West, said Rogers."
Graphyte, a carbon removal company founded in 2023, plans to provide 60,000 tons of carbon removal credits over a decade. The company utilizes agricultural and forestry waste, compressing it and storing it underground to prevent CO₂ from re-entering the atmosphere. The Arizona facility will also address wildfire risks by using materials from forest thinning projects. The market for carbon removal is still developing, facing challenges due to policy changes. Emphasizing co-benefits like wildfire prevention and local economic growth is becoming crucial for climate startups.
Read at Axios
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