Carbon Capital is Coming
December 3, 2022 Carbon Capital is Coming One company is using renewable biowaste called lignin to create wood batteries, while two others work together to make the first net zero milk project in New Zealand. A Saudi Arabian renewables developer closes a $7 billion deal to build green hydrogen in Thailand. Meanwhile, a carbon credit firm aims to raise $1 billion to fund projects that remove carbon from the air. Interesting stories worth billions are up this week, so let’s dive in. Batteries Made of Wood? Companies have been busy finding ways to provide sustainable power storage solutions using renewables. And one of the largest forest owners in the world, Stora Enso, has started to scale the production of batteries made out of wood. Their source is a biomaterial called lignin. It’s one of the most common organic polymers found in trees that makes their structure firm and resistant to rotting. Lignin has a high carbon content of 60% and makes up about 30% of wood’...