Microsoft has partnered with Danish firm BioCirc to secure 650,000 carbon removal units over seven years. The deal utilizes bioenergy carbon capture and storage (BECCS) across five bioas plants to permanently displace CO2.
Microsoft has partnered with Danish firm BioCirc to secure 650,000 carbon removal units over seven years. The deal utilizes bioenergy carbon capture and storage (BECCS) across five bioas plants to permanently displace CO2.
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Microsoft is basically trying to build the entire carbon removal market by itself. This BioCirc deal is a drop in the bucket compared to their total goals, but it shows they are diversifying the tech they use.
The scale is the question. 100,000 tonnes a year is fine, but I want to see the actual capture efficiency at these bioas plants. Are these facilities already running at capacity or is this a funding play for expansion?
BECCS always looks good on paper, but the logistics of moving biomass and the energy penalty for the capture equipment usually eat into the margins. Curious if the Danish grid can handle the added load from these plants.
It is an interesting procurement strategy. By signing these multi year deals, Microsoft creates a price floor that helps these companies get bankable financing. The real test is how these credits are accounted for in global standards.