Boeing has a carbon emissions problem. Startup Charm Industrial is cleaning up.
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Boeing has partnered with startup Charm Industrial to remove 100,000 metric tons of carbon from the atmosphere. Charm uses agricultural and forestry waste to create "bio-oil," which is injected underground for carbon sequestration. This deal highlights the aviation industry's search for alternatives to reduce carbon emissions, with carbon removal emerging as a cost-effective option. Financial terms were not disclosed, but Charm aims to reduce carbon removal costs to $50 per metric ton.
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