Airbus and a partnership of more than a dozen airlines are working together to fund a new carbon capture project.

Their hope is that Carbon Engineering’s direct carbon capture technology can provide secure, verifiable carbon removal credits as part of aviation’s need to offset part of its future emissions.

The partnership includes Air Canada, Air France-KLM, easyJet, International Airlines Group (the parent of British Airways, Iberia, Aer Lingus and Vueling), LATAM Airlines Group, Lufthansa Group (including Swiss, Austrian, Brussels and the Eurowings brands) and Virgin Atlantic.

The agreement is at this point an early stage partnership, based on letters of intent, and the airlines have “committed to engage in negotiations on the possible pre-purchase of verified and durable carbon removal credits starting in 2025 through to 2028”.

The group’s partner is Carbon Engineering who have pioneered a direct air carbon capture and storage that can cancel out enterprise-level carbon emissions at scale.

At a basic level, their facilities utilize high-powered fans to suck air in, process it, then compress it into liquid and store it in underground geologic reservoirs.

The agreement is intended to cover […]