CDR Credit Purchase Agreement

“Advanced market commitments from leaders like AirMiners and Shopify are invaluable for carbon dixoide removal startups like Carbon Lock Tech” — Kevin Danner, CEO

Carbon Lock Tech, an innovative Canadian startup in carbon dioxide removal (CDR) technology, has received a USD $100,000 purchase order from Shopify Canada through the AirMiners Kiloton Fund program. This advanced market commitment will accelerate the development of Carbon Lock Tech's innovative pyrolytic reactor technology, designed to convert biomass into stable biocarbon.

"We are thrilled to receive this support through the AirMiners Kiloton Fund program," said Kevin Danner, CEO of Carbon Lock Tech. "This commitment validates our approach to carbon removal and will help us scale our technology to make a significant impact in the fight against climate change.”

Carbon Lock Tech's pyrolytic reactor technology offers a promising solution for long-term carbon sequestration. By converting biomass into stable biocarbon, the company can effectively "lock" carbon dioxide, preventing its release into the atmosphere. This process not only help remove CO2 from the atmosphere but can also generates valuable carbon dioxide removal (CDR) credits.

The AirMiners Kiloton Fund, launched to bridge the funding gap for carbon removal startups, selected Carbon Lock Tech as one of 20 pioneering companies spanning various CDR technologies. This fund provides a new model for supporting early-stage carbon removal innovations, crucial at a time when capital is becoming scarcer. This agreement marks a significant milestone for Carbon Lock Tech as it works towards scaling its operations nationally and internationally. The company aims to export its carbon removal and sequestration services to companies and countries worldwide, contributing to global efforts in reversing climate change.