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Eion Signs Contract to Deliver 8,000 Tons of CO2 Removal Credits to Microsoft

Sep 24, 2024•over 1 year ago

Contract Type

contract

PrincetonAgriculture and Farming

Description

Eion has announced a contract to deliver 8,000 tons of permanent CO2 removal to Microsoft by deploying olivine on farmland, following the fall harvest. Every ton of carbon removed will be verified through Eion’s patented direct measurement approach and will be delivered over five years. Additionally, Eion has secured $3 million in Series A extension funding to build on commercial traction, deliver new contracts, and further invest in R&D through a partnership with Growmark, allowing access to millions of acres across the US and working with farmers in the Midwest to deploy rock weathering at a larger scale.

Company Information

Company

Eion

Location

Princeton, West Virginia, United States

About

The company will also use the funds to attract high-impact talent to build out its financial, commercial and science teams. The firm leverages its expertise and deep network to surround founders with the resources and relationships they need to navigate the fraught terrain between product potential and product market fit. This funding round will enable Eion to continue to build out its distribution partnerships and expand availability of its patented CarbonLock™, a nature-based soil amendment that removes atmospheric carbon dioxide, permanently and verifiably, through enhanced rock weathering on agricultural soils. About EionEion is a carbon removal technology company that offers a scientifically proven, permanent, cost-effective, scalable and nature-based solution for carbon removal and provides a simple way for farmers to capture and permanently remove carbon.

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