Why JPMorgan, H&M and others will pay $57.1m to spread crushed rock on farmland

clock • 3 min read
Lithos is pioneering an approach called 'enhanced weathering', which uses basalt powder spread on farmland to mimic the way CO2 is naturally absorbed into rocks as they are exposed to rain, wind or sea / Source: Lithos Carbon
Image:

Lithos is pioneering an approach called 'enhanced weathering', which uses basalt powder spread on farmland to mimic the way CO2 is naturally absorbed into rocks as they are exposed to rain, wind or sea / Source: Lithos Carbon

The Frontier buyers' group wants to remove 154,000 tons of carbon dioxide from the atmosphere by 2028 through a new deal with startup Lithos Carbon

The Frontier Fund, a corporate buyers' group including Alphabet, H&M, JPMorgan, Shopify, and Stripe, this week announced a $57.1m contract with startup Lithos Carbon, which is developing a method for removing...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Technology

'Copper crunch': How the AI and clean tech booms could send copper prices soaring

'Copper crunch': How the AI and clean tech booms could send copper prices soaring

New BloombergNEF analysis details how surging demand for copper could present challenges for both AI data centres and the clean energy transition

James Murray
clock 12 August 2025 • 8 min read
'We're just getting started': Aira warms up heat pump expansion plans with €150m investment

'We're just getting started': Aira warms up heat pump expansion plans with €150m investment

Company announces fresh equity financing as it looks to accelerate roll out of electric residential heating across Europe

James Murray
clock 11 August 2025 • 2 min read
How Sparxell is replacing 19th-century colour chemistry with nature-inspired solutions

How Sparxell is replacing 19th-century colour chemistry with nature-inspired solutions

Sparxell's founder and CEO reflects how the industrial colour sector could eliminate toxic dyes and mined metals and minerals

Stuart Stone
clock 11 August 2025 • 6 min read