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Illuminem summarises for you the essential news of the day. Read the full piece on ESG Today or enjoy below:
🗞️ Driving the news: Enhanced rock weathering startup Eion has secured a $33 million carbon removal purchase agreement through Frontier, with buyers including Google, Shopify, JPMorgan Chase, and H&M Group
• Eion will remove over 78,700 tonnes of CO₂ between 2027 and 2030
• The agreement supports scaling of its mineral-based carbon removal solution across U.S. farmland
🔭 The context: Eion uses crushed olivine, a fast-weathering mineral, spread across fields to permanently capture CO₂ via natural chemical reactions
• The approach offers farmers a substitute for traditional agricultural lime
• Frontier, launched in 2022, aims to accelerate carbon removal by pre-purchasing credits from vetted providers
🌍 Why it matters for the planet: Enhanced rock weathering is a promising negative emissions technology with permanent CO₂ storage potential
• This deal helps validate ERW’s scalability and integration with existing agricultural systems
• Boosting carbon removal capacity is vital to meet global net-zero targets
⏭️ What's next: Eion plans to expand its reach via a partnership with agricultural cooperative Growmark
• The company also aims to advance direct CO₂ measurement through soil sampling
• Frontier continues to catalyse carbon removal markets by securing demand from major corporations
💬 One quote: “Frontier’s offtake provides an opportunity to meaningfully scale enhanced rock weathering in the US.” — Anastasia Pavlovic, CEO of Eion
📈 One stat: Eion will remove 78,700+ tonnes of CO₂ from the atmosphere between 2027 and 2030 under this agreement
See here detailed sustainability performance of companies like TDR Energy | Expert CO2, H&M, Google, Shopify and JPMorgan Chase
Click for more news covering the latest on carbon removal
