News Summary

Shopify-backed Frontier has signed a $43.3 million CAD deal with Dartmouth, N.S.-based Planetary Technologies to help remove atmospheric CO2 through ocean-based methods. Frontier, a major buyer of carbon removal services, including tech giants like Shopify, Google, and Meta, aims to eliminate 115,211 metric tonnes of CO2 between 2026 and 2030. Planetary’s approach involves adding alkaline minerals to coastal waters, breaking down dissolved CO2 and storing it for over 10,000 years. This project is considered ecologically responsible and has potential to scale up significantly. The deal represents Frontier’s first coastal agreement, previously focusing on land and freshwater systems. Founded in 2019, Planetary has been a key player in the Maritimes tech industry, raising significant funding and winning awards for its innovative CO2 removal system.