Mandate

Vinge has advised Stockholm Exergi AB in connection with the conclusion of a permanent carbon removal agreement with Microsoft, the world’s largest to date

May 16, 2024

Vinge has advised Stockholm Exergi in connection with the conclusion of a permanent carbon removal agreement with Microsoft, covering 3.33 million tonnes of permanent carbon removals from bio-energy with carbon capture and storage (BECCS) at Värtan, Stockholm. The agreement is the world’s largest permanent carbon removal deal to date.

When in operation, Stockholm Exergi’s plant will permanently remove up to 800,000 tonnes of CO₂ from the atmosphere per year. The agreement with Microsoft is seen as a milestone for climate change mitigation. By demonstrating commitment to ambitious, voluntary corporate climate objectives, Microsoft and Stockholm Exergi hope to contribute to the much-needed growth of the industry, to allow corporates to meet their net-zero targets and nations to meet the objectives of the Paris Agreement. For more information, please click here.

Vinge's team consisted mainly of Michele Fara and Josua Fridh.

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