Bracewell (UK) LLP represented Carbo Culture in its agreement to sell to NextGen a share of the total 200,000 tonnes of permanent carbon dioxide removals (CDRs) for delivery from 2025.
NextGen is a joint venture between Mitsubishi Corporation and global climate project developer South Pole, and is backed by founding buyers Boston Consulting Group, LGT, Mitsui O.S.K. Lines, Swiss Re and UBS. It is anticipated to constitute the world’s largest diversified portfolio of CDRs.
