Fidelis and Microsoft Forge Path to Carbon Neutrality
Fidelis Partners with Microsoft for Carbon Removal Initiative
AtmosClear BR, LLC, a portfolio company of Fidelis, has entered an agreement with Microsoft to facilitate a remarkable achievement in carbon removal. This contract includes the commitment to remove 6.75 million metric tons of carbon dioxide over a span of 15 years using bioenergy carbon capture and storage (BECCS) technology. This collaboration stands as one of the most significant strides towards permanent carbon removal globally.
Innovative Carbon Capture Facility Development
Located at the Port of Greater Baton Rouge, AtmosClear is embarking on a mission to develop a state-of-the-art carbon capture facility. This center will utilize renewable resources such as sugarcane bagasse and carefully managed forest trimmings to produce clean energy while capturing about 680,000 metric tons of biogenic carbon dioxide annually. The captured carbon will either be permanently stored or repurposed as feedstock for low-carbon natural gas and synthetic fuels.
Project Timeline and Economic Impact
Preparations for construction are set to roll out in 2026, with the facility aiming to commence commercial operations by 2029. This ambitious project anticipates generating over $800 million in investments, culminating in approximately 75 permanent jobs alongside 600 construction roles. Furthermore, the project will significantly revitalize local forestry management jobs, which have been adversely affected by mill closures in the region.
Leadership Quotes on the Partnership
Daniel J. Shapiro, CEO of Fidelis, emphasized the transformative nature of this initiative, stating: "This contract with Microsoft marks a transformative moment for the high-quality, engineered carbon removal market. AtmosClear exemplifies how established technologies combined with sustainable feedstocks can have a positive impact on our climate while providing essential job opportunities and bolstering local economies."
Additionally, Brian Marrs, Senior Director of Energy & Carbon Removal at Microsoft, remarked, "We are proud to work with Fidelis on this groundbreaking project. Bringing science, engineering, and innovation together creates an effective model for carbon removal in the United States. Durable carbon removal solutions provided by experienced partners like Fidelis are critical for achieving Microsoft's goal of becoming Carbon Negative by 2030."
About AtmosClear
AtmosClear is at the forefront of developing a new carbon capture facility in the Baton Rouge area, focusing on sustainable materials for energy production. The facility aims not only to capture significant carbon quantities annually but also to foster clean energy solutions that benefit the community and mitigate climate change impacts through practical applications like synthetic fuel production.
About Fidelis
Fidelis stands as an innovative energy infrastructure company dedicated to promoting decarbonization through its focus on biofuels, low- or negative-carbon products, and carbon capture technology. By implementing a range of proprietary and patented technologies, Fidelis aims to tackle the challenges of climate change and energy security. Operating from its headquarters in Houston, Texas, as well as an office in Copenhagen, Denmark, Fidelis is committed to creating a sustainable energy future.
Frequently Asked Questions
What is the significance of the agreement between Fidelis and Microsoft?
This agreement represents one of the largest contracts for carbon removal in the world, showcasing a commitment to sustainability and climate impact.
Where will the carbon capture facility be located?
The facility is located at the Port of Greater Baton Rouge, focusing on utilizing sustainable materials for energy and carbon capture.
When is the construction of the facility expected to start?
Construction is anticipated to begin in 2026, with plans for commercial operations set to launch in 2029.
How does this project impact the local economy?
The project is expected to generate significant investment, create hundreds of jobs, and revitalize local forestry management roles.
What technology is AtmosClear using for carbon removal?
AtmosClear employs bioenergy carbon capture and storage (BECCS) technology, which combines sustainable feedstocks to effectively capture and store carbon dioxide.
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