Takeaways

• Frontier Climate has added AI company Anthropic to its carbon removal buyers group and announced a new financing commitment to accelerate industry growth.
• The coalition has now contracted more than 1.8 million tons of carbon removals across 53 projects, with nearly $700 million committed.
• Frontier plans to focus future investments on technologies it believes can achieve gigaton-scale carbon removal at commercially viable costs.

Frontier Climate has expanded its efforts to accelerate the carbon removal industry by welcoming AI company Anthropic to its growing buyers coalition and announcing a fresh financing commitment aimed at scaling promising technologies.

The organization, launched in 2022 as an advance market commitment, was created to stimulate demand for carbon dioxide removal solutions. Frontier’s members include major corporations from different industries, such as JPMorgan Chase, H&M, and Salesforce. Together, the group pledged to purchase $1 billion worth of carbon removals by 2030, helping emerging companies secure the revenue needed to bring innovative technologies to market.

Read More: Zurich Expands Carbon Removal Strategy With Parallel Carbon Partnership

The latest move signals what Frontier describes as the next stage of its development. The coalition believes that consistent corporate demand can play a critical role in helping carbon removal companies move from pilot projects to large-scale commercial operations.

Since its launch, Frontier Climate has built a substantial portfolio. The group has contracted more than 1.8 million tons of carbon removal through 53 projects, representing approximately $698 million in commitments. Since June 2025 alone, it has secured agreements covering 463,700 tons of carbon dioxide removal, valued at nearly $170 million.

One of Frontier’s key partners is Charm Industrial, a company specializing in biomass carbon removal and storage. According to Frontier’s portfolio data, the coalition has contracted more than 112,000 tons of carbon removal from Charm Industrial in deals worth $53 million.

Tim Thomson, President and Chief Financial Officer of Charm Industrial, welcomed Anthropic’s entry into the coalition. He noted that while artificial intelligence has the potential to drive significant economic and scientific progress, it also requires large amounts of energy. Carbon removal technologies, he said, can help address some of the environmental impacts associated with growing power demand.

With its new financing pledge, Frontier intends to narrow its focus toward a smaller group of carbon removal companies that it believes have the strongest potential to reach gigaton-scale deployment. At the same time, the organization plans to ensure that future projects are supported by reliable long-term demand, whether through compliance markets, industrial regulations, or government procurement programs.

Frontier has evaluated more than 500 carbon removal companies since its founding. The coalition also played a pioneering role in signing some of the first commercial offtake agreements for emerging carbon dioxide removal pathways, including enhanced rock weathering, biomass injection, and waste-to-energy systems paired with carbon capture.

Also Read: Top 8 Carbon and Climate Solutions Leading Climate Action

Looking ahead, Frontier Climate believes several technologies could eventually remove carbon at the scale needed to support global climate goals. These include surface mineralization, ocean alkalinity enhancement, biomass removal and storage, enhanced rock weathering, and direct air capture. The organization estimates that these approaches could ultimately achieve annual gigaton-scale carbon removal at costs ranging from $60 to $300 per ton.

As interest in carbon dioxide removal continues to grow, Frontier’s latest announcement highlights the increasing role of corporate buyers in helping emerging climate technologies reach commercial maturity and broader adoption.

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Source: ESGDIVE