The Next 150 Inks 6-year Agreement With Microsoft

Mar 21, 2024

The Next 150, has signed a 6-year purchase agreement with Microsoft to supply 95,000 tons of high-quality Carbon Dioxide Removal (CDR) credits produced by its General Biochar Systems (GBS) business unit’s first biochar plant in Guanajuato, Mexico. This agreement with Microsoft contributes to The Next 150 becoming a top supplier in the emerging carbon removal industry.

“Securing multi-year commitments like the one with Microsoft allows The Next 150 to mobilize large-scale biochar projects across Latin America, by attracting institutional finance for project-level lending, backed by creditworthy offtakes.” Stated Patrick Atanasije Pineda, Managing Partner at The Next 150.

“Our 6-year purchase agreement and ongoing collaboration with The Next 150 is a step forward towards our ambition to realize our carbon negative by 2030 goal via a diversified portfolio of carbon removal,” commented Brian Marrs, Senior Director for Energy and Carbon Removal at Microsoft.

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