Microsoft Azure: Microsoft signs carbon capture agreement in Mexico

Mar 23, 2024 | Posted by Abdul-Rahman Oladimeji

Microsoft has signed a six-year carbon capture agreement with The Next 150 and its General Biochar Systems (GBS) business unit, which runs the biochar plant near the city of Guanajuato.. This agreement will see Microsoft purchase 95,000 tons of carbon dioxide removal credits from a biochar plant in Mexico.

“Our six-year purchase agreement and ongoing collaboration with The Next 150 is a step forward towards our ambition to realize our carbon negative by 2030 goal via a diversified portfolio of carbon removal,” said Brian Marrs, senior director for energy and carbon removal at Microsoft.
The Next 150 is a Swiss venture developer and operator with a focus on businesses that combat climate change. Its ongoing work with local governments and civil society organizations aims to supply up to 23,000 local farmers with biochar as a sustainable and regenerative soil amendment, bringing additional co-benefits

“Securing multi-year commitments like the one with Microsoft allows The Next 150 to mobilize large-scale biochar projects across Latin America, by attracting institutional finance for project-level lending, backed by creditworthy offtakes,” said Patrick Atanasije Pineda, managing partner at The Next 150.