Microsoft Azure: Microsoft signs new carbon capture deal in Sweden

May 06, 2024 | Posted by Abdul-Rahman Oladimeji

Microsoft has signed the world’s largest carbon capture deal with Stockholm Exergi to remove carbon from an upcoming biomass plant in Sweden. The deal will cover 3.33 million tonnes of permanent carbon removals from bio-energy with carbon capture and storage (BECCS) at Värtan, Stockholm.

“We are extremely proud to announce this carbon removal offtake with Stockholm Exergi from its pioneering Värtan BECCS project," said Brian Marrs, senior director, energy & carbon removal. "Leveraging existing biomass power plants is a crucial first step to building worldwide carbon removal capacity."

The 10-year deal is set to start in 2028. “The agreement with Microsoft is a huge step forward for our BECCS project, Stockholm Exergi as a company and the climate,” added Anders Egelrud, CEO of Stockholm Exergi. “I believe the agreement will inspire corporations with ambitious climate objectives, and we target to announce more deals with other pioneering companies over the coming months.”