Microsoft signed a long-term agreement to purchase 3.6 million tons of carbon removal units from C2X, a renewable fuels producer. The carbon removal will originate from a new low-carbon bio-methanol plant. A C2X subsidiary is developing the facility in Louisiana.
This purchase supports Microsoft's broader strategy to invest in a diverse portfolio of carbon removal projects. The company aims to meet its ambitious climate targets. Microsoft seeks to become carbon negative by 2030.
The agreement ranks as one of the largest of its kind globally. It establishes Microsoft as the leading corporate purchaser of carbon dioxide removals (CDR). No immediate market reaction analysis followed the announcement.