Frontier, a group of companies committing $1 billion to back early-stage carbon removal approaches, will pay $31.6 million to fund the installation of emissions capture technology at Norway’s largest waste incineration plant.
The buyers group founded by companies including Stripe and Google has committed $550 million toward novel carbon removal projects.
The Norwegian facility at the center of the deal disclosed April 1 annually burns 350,000 metric tons of items such as food-soiled paper, cardboard and non-recyclable plastics. This material is considered residual waste that can’t be otherwise recycled or reused under the European Union’s waste management directives.
The energy generated through the incineration provides electricity and heat to the city of Oslo. The Frontier contract covers a retrofit that will capture an estimated 350,000 metric tons of carbon dioxide emissions annually, and then transport it by ship to Europe’s Northern Lights sequestration site where it will be stored.
The transaction covers credits for removing 100,000 metric tons between 2029 and 2030; those credits specifically cover the biogenic emissions related to the organic waste.
Among the buyers participating in this particular deal are several Frontier founders along with Autodesk, H&M, JPMorgan Chase and Salesforce. Funding from the city of Oslo and Norway’s Longship initiative will also help finance the retrofit.

Common source of energy in Europe
“Frontier buyers are not only enabling this project to get off the ground but also validating a model that could be replicated through Europe, with the potential to remove tens of millions of CO2 from the atmosphere,” said Jannicke Gerner Bjerkås, director of carbon capture and storage and carbon markets for Hafslund Celsio, which owns the incineration plant. The company is Norway’s largest district heating provider.
At least 500 similar facilities support district heating in cities across Europe. Waste regulations on the continent have inspired their creation, and retrofitting them could capture an esti
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