New collaboration aims to scale the full value chain of carbon removal by
capturing and permanently sequestering biogenic CO2 at pulp and paper mills.
CO280 and Aker Carbon Capture's collaboration with Microsoft will supply the
market with significant volumes of permanent, verifiable, affordable Carbon
Dioxide Removals (CDRs).

CO280 and Aker Carbon Capture have signed a Memorandum of Understanding (MoU)
agreement with Microsoft to explore opportunities for scaling the full physical
and digital value chain of carbon removal in the US and Canada. Together the
three companies have the expertise, technologies, and resources to develop this
market by creating a scalable model to deploy large-scale projects quickly to
meet global net zero targets. The collaboration aspires to leverage the
strengths and capabilities of each partner to enable the ecosystem for the
voluntary carbon market by providing traceability of data and enabling high
-integrity carbon credits.

The three companies will collaborate to address the technological, regulatory,
and commercial challenges and opportunities for creating carbon removal, with
each party playing distinct commercial roles. The parties intend to collaborate
on a non-exclusive basis.

Under the terms of the MoU agreement, the parties agree to explore to:

  · Develop biogenic carbon capture project(s), including projects currently in
CO280's development pipeline, as well as additional projects