BCG signs 15-year, 80,000-tonne carbon removal deal with Climeworks

Boston Consulting Group signed a 15-year partnership with Climeworks including an 80,000-tonne CO2 removal purchase, the largest single corporate purchase in Climeworks' history. The long-term offtake model signals how corporate buyers can provide financing stability for direct air capture, a route Indian net-zero strategies may increasingly consider.

Climeworks, a direct air capture carbon removal company, and Boston Consulting Group extended their collaboration through a 15-year strategic partnership, building on an initial 2021 contract. The agreement covers a carbon removal purchase of 80,000 metric tons of CO2, the largest single purchase by Climeworks' corporate buyers to date, supporting BCG's net-zero journey. BCG will continue providing consulting services to Climeworks. The deal follows the U.S. Department of Energy selecting Climeworks as technology partner for three direct air capture hubs.

The agreement primarily affects corporate buyers and the direct air capture sector. For BCG, the deal advances its corporate net-zero commitments through long-duration removal credits. For Climeworks, it provides planning stability and supports financing for global deployment of its direct air capture and storage plants, paralleling how long-term contracts advanced early solar projects. The arrangement follows Climeworks' recent collaborations in Kenya and Canada, signalling continued expansion of its direct air capture operations across multiple geographies.

Companies building net-zero roadmaps should monitor how 15-year removal offtake contracts shape carbon removal financing and pricing. Indian corporates weighing durable removal credits can assess whether long-term purchase commitments deliver comparable planning stability and project bankability. Stakeholders should track Climeworks' deployment across its U.S. hubs and its Kenya and Canada projects to gauge scale-up trajectory and the evolving credibility of engineered removals within corporate decarbonisation portfolios.

Key figure — Carbon removal volume: 80,000 metric tonnes of CO2 over 15 years