NULIFE GreenTech, a leader in carbon removal solutions, has been chosen by Frontier for its 2024 prepurchase cycle. Frontier, established by major companies like Stripe, Alphabet, Shopify, Meta, and McKinsey Sustainability, seeks to enhance carbon removal technology development by enabling over $1 billion in purchases by 2030.
NULIFE GreenTech employs a pioneering technique known as hydrothermal liquefaction to convert wet waste biomass into bio-oil, which is then stored underground for permanent carbon removal. This method not only sequesters carbon but also captures harmful contaminants like PFAS, addressing significant environmental issues. Additionally, NULIFE’s process generates potential revenue streams, including biogenic CO2, enhancing their business model’s sustainability.
“We are excited to be selected for a prepurchase by Frontier buyers. This milestone represents a major step in our mission to impact global carbon removal efforts,” said Jerry Kristian, Co-Founder of NULIFE GreenTech. “Frontier’s support is vital as we scale our technology toward a sustainable future.”
Frontier’s prepurchase program aids early-stage suppliers like NULIFE by providing upfront funding, accelerating the development of essential technologies for achieving gigaton-scale carbon removal. This strategy reduces investment risks and signals the growing market for carbon removal to researchers and investors.
NULIFE’s inclusion in Frontier’s portfolio showcases the potential of hydrothermal liquefaction as a scalable solution for permanent carbon removal, transforming waste biomass into bio-oil while managing waste and contaminants effectively.
About Frontier:
Frontier is an advance market commitment to purchase $1 billion of permanent carbon removal between 2022 and 2030, founded by Stripe, Alphabet, Shopify, Meta, and McKinsey Sustainability. Its goal is to accelerate the development of carbon removal technologies by ensuring future demand, facilitating purchases from high-potential companies, and aiming for affordability and sustainability without competing for arable land.
