Biogenic CO2 from pulp mills is becoming a tradeable input in two different markets. E-fuel producers want it as a carbon feedstock for synthetic fuels like e-methanol and e-SAF. Carbon removal buyers want it stored permanently to generate verified removal credits. The difference matters: fuel carbon is released on combustion, while geological storage keeps it out of the atmosphere. This article explains why the two paths have different buyers, different policy drivers, and different infrastructure needs. It also separates headline market signals from what a mill actually earns after capture, transport, and qualification costs. Good context for anyone tracking BECCS, e-fuel mandates, or voluntary carbon removal procurement.
