Arbor receives prepurchase of carbon removal from Frontier

In its largest round to date, Frontier has facilitated $11M of carbon removal purchases—from Arbor, Captura, Arca (formerly Carbin Minerals), Carbon To Stone, Cella, CREW and Inplanet—on behalf of Stripe and Shopify. In addition, Stripe has provided $500K in R&D grants to Kodama Systems and Nitricity.

This purchase cycle Frontier received more than twice as many applications as it did during its first cycle, six months ago. Applications spanned more than 10 different carbon removal pathways.

Along with prepurchases like those announced today, Frontier is actively reviewing candidates for offtakes—larger multi-year agreements with companies ready to start scaling their technologies. Read more about Frontier’s purchasing tracks here.

Carbon dioxide removal (CDR) is critical to achieving climate goals, alongside radical emissions reductions. Models project that by 2050 we will need to permanently remove billions of tons of CO₂ from the atmosphere every year.

Stripe and Shopify will spend a combined $3.5M buying carbon removal, with another $7.5M contingent on projects reaching agreed upon technical milestones. Stripe will spend a further $500K supporting R&D from Kodama Systems and Nitricity.