Frontier has entered a $31.3 million offtake agreement with Canadian climate-tech firm Planetary to remove 115,211 tons of CO₂ through ocean alkalinity enhancement by 2030.

Information on the Target

Planetary is a Canadian climate technology firm that is at the forefront of developing innovative solutions to combat climate change. The company specializes in ocean alkalinity enhancement (OAE), a groundbreaking approach aimed at improving the ocean's ability to absorb atmospheric CO₂. By utilizing OAE, Planetary seeks to contribute effectively to global carbon removal efforts, making the ocean a pivotal player in the fight against climate change.

With a commitment to sustainability and a strong focus on developing scalable technologies, Planetary is positioned as a leader in the climate-tech sector. The firm’s innovative methodologies not only promise to enhance carbon capture from the atmosphere but also aim to restore oceanic health, thereby contributing positively to marine ecosystems.

Industry Overview in Canada

Canada's climate-tech industry is rapidly evolving, driven by a growing urgency to address climate change. The government has placed significant emphasis on carbon reduction technologies, fostering an ecosystem ripe for innovation. Significant in