By Mark Segal
Publication Date: 2026-05-20 09:23:00
Green energy producer BioCirc and Microsoft announced a new 7-year agreement, with Microsoft to offtake credits representing up to 650,000 tons of carbon removal generated from BioCirc’s bioenergy carbon capture and storage (BECCS) platform in Denmark.
The deal marks the first major carbon removal purchase agreement for Microsoft since reports last month indicating that the tech giant has informed carbon credit suppliers that it is pausing its carbon removal purchases. In a subsequent statement by the company, Chief Sustainability Officer Melanie Nakagawa said that the “carbon removal program has not ended,” but acknowledged that while program will continue to form part of its strategy to achieve its climate goals, it “may adjust the pace or volume of our carbon removal procurement.”
A pause by Microsoft could have significant implications on the carbon removal market, which has been driven largely by purchase activity by…
