Frontier buyers sign $58.3M offtakes with Vaulted Deep
HOUSTON, May 1, 2024 /PRNewswire/ -- Frontier has facilitated offtake agreements with Vaulted Deep, a carbon removal company that injects carbon-rich organic waste deep underground for permanent storage. Vaulted spun out of–and uses core tech from– Advantek Waste Management Services, a 10-year old industrial waste management company. Frontier buyers will pay $58.3 million to permanently remove 152,480 tons of CO₂ between 2024 and 2027, with options to purchase more tons from future projects at lower prices. Frontier buyers were Vaulted's first customers in September 2023 through a small prepurchase of 1,666 tons—all of which have already been delivered and verified. This offtake agreement enables Vaulted to commission three new wells that are sited to optimize feedstock availability, transportation, and well capacity. As one of the first carbon removal spin-outs from a waste management company, Vaulted is an example of growing interest from large industrials to apply their expertise and assets to carbon removal.
- Vaulted will remove 152,480 tons of CO₂ between 2024 and 2027 on behalf of Frontier buyers.
- HOUSTON, May 1, 2024 /PRNewswire/ -- Frontier has facilitated offtake agreements with Vaulted Deep, a carbon removal company that injects carbon-rich organic waste deep underground for permanent storage.
- Frontier buyers were Vaulted's first customers in September 2023 through a small prepurchase of 1,666 tons—all of which have already been delivered and verified.
- Since launching late last year, Vaulted has already delivered several thousand tons, including 1,666 tons to Frontier buyers, as part of a small-volume prepurchase.