Startup seeks taxpayer subsidies to bury polymer-wrapped sawdust underground, backed by Bill Gates
American Airlines Partners with Bill Gates-Backed Startup to Combat Carbon Emissions
A groundbreaking collaboration between American Airlines and Graphyte, a startup supported by Bill Gates’ Breakthrough Energy Ventures, is set to revolutionize carbon removal efforts in the aviation industry. The Wall Street Journal reported that American Airlines will pay $100 per metric ton to eliminate 10,000 metric tons of carbon dioxide, while also seeking government subsidies.
Graphyte specializes in gathering agricultural residues like sawdust and tree bark, which naturally absorb carbon dioxide. By utilizing these materials, the startup aims to provide a more cost-effective solution for reducing carbon emissions compared to sustainable aviation jet fuel.
American Airlines, committed to achieving net zero emissions by 2050, will be Graphyte’s first client. The airline’s Chief Sustainability Officer, Jill Blickstein, expressed enthusiasm for the partnership, stating, “Hard to abate industries like aviation will need high-quality, permanent, affordable, and scalable carbon credits to achieve our emissions reduction goals.”
Graphyte’s innovative carbon removal technology involves converting crop and wood residues into dense carbon blocks, which are then stored in an underground facility. The startup believes this approach offers an immediate pathway for removing billions of tons of carbon at a low cost.
With plans to produce enough carbon removal technology to store 50,000 metric tons of carbon annually, Graphyte aims to make a significant impact in the fight against climate change. American Airlines, which emitted 49 million metric tons of carbon in 2022, recognizes the importance of such partnerships in achieving its sustainability goals.
Graphyte CEO Barclay Rogers emphasized the significance of the collaboration, stating:
“This is a landmark agreement for both Graphyte and American Airlines. It demonstrates the growing demand for affordable and scalable high-quality carbon removal credits and the ability of Carbon Casting technology to make a significant impact in the fight against climate change in the very near term.”
Graphyte, American Airlines, and Breakthrough Energy Ventures have yet to respond to inquiries from the Daily Caller News Foundation.
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The post Bill Gates-Backed Startup Seeks Taxpayer Subsidies to Wrap Sawdust in Polymer and Bury It Underground appeared first on The Western Journal.
How does the involvement of Bill Gates and Breakthrough Energy Ventures contribute to the credibility and potential impact of Graphyte’s carbon removal technology
Acked underground. This process ensures long-term carbon storage and prevents the release of greenhouse gases into the atmosphere. The startup’s technology has the potential to remove carbon emissions on a significant scale, providing a crucial solution to combat climate change.
The partnership between American Airlines and Graphyte is a significant milestone in the fight against carbon emissions. As one of the largest airlines in the world, American Airlines acknowledges its responsibility to reduce its environmental impact. By joining forces with Graphyte, the airline aims to take a proactive approach towards achieving its sustainability goals.
The decision to work with Graphyte was influenced by the startup’s strong backing from Breakthrough Energy Ventures, a fund established by Bill Gates to support innovative clean energy solutions. With the support of this renowned organization, Graphyte has attracted attention and investment from various industries.
The collaboration with American Airlines marks a major breakthrough for Graphyte, as it establishes the startup as a leader in carbon removal technology. The financial support provided by the airline will enable Graphyte to scale up its operations and further develop its innovative solutions. This partnership not only benefits American Airlines but also reinforces Graphyte’s position as a key player in the clean energy sector.
The significance of this partnership extends beyond just American Airlines and Graphyte. It sets a precedent for other airlines and companies in the aviation industry to follow suit and prioritize carbon reduction efforts. By demonstrating that carbon removal technology is a viable and cost-effective solution, American Airlines and Graphyte pave the way for a greener future for the entire aviation industry.
Furthermore, the involvement of Bill Gates and Breakthrough Energy Ventures adds credibility and recognition to this partnership. Bill Gates’ commitment to combating climate change is well-known, and his support for Graphyte demonstrates the startup’s potential to make a significant impact in carbon removal efforts.
The collaboration between American Airlines and Graphyte also highlights the importance of government support in achieving significant carbon reduction. American Airlines’ pursuit of government subsidies reflects the need for a collaborative approach involving both private and public sectors to address the challenges of climate change.
In conclusion, the partnership between American Airlines and Graphyte represents a major step forward in the aviation industry’s efforts to combat carbon emissions. By utilizing Graphyte’s innovative carbon removal technology, American Airlines aims to achieve its sustainability goals and set a positive example for the entire industry. With the support of Bill Gates and Breakthrough Energy Ventures, Graphyte has the potential to revolutionize carbon removal efforts and make a significant impact in the fight against climate change. This collaboration serves as a beacon of hope for a greener and more sustainable future.
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