Frontier facilitates Stripe's first carbon removal purchases from six companies

Frontier, an advance market commitment launched by Stripe, Alphabet, Shopify, Meta, and McKinsey Sustainability, facilitated its first carbon removal purchases on behalf of Stripe. Stripe committed $2.4 million to buy carbon removal from six early-stage technology companies: AspiraDAC, Calcite-Origen, Lithos Carbon, RepAir, Travertine, and Living Carbon. An additional $5.4 million is contingent on these projects reaching agreed technical milestones. The purchases, ranging from $500 to $1,800 per tonne, aim to catalyse new carbon dioxide removal solutions, with Frontier acting as the first customer for all six projects. This initiative focuses on low-volume prepurchases to support the development of diverse carbon removal technologies.