Zurich Insurance Secures 17,500 Ton Carbon Removal Deal with Nellie Technologies

Zurich Insurance Group has signed a multi-year carbon removal agreement with Nellie Technologies, securing 17,500 tons of CO2 removal and marking a significant step towards commercial-scale engineered carbon removal. This partnership validates Nellie’s bioengineered CO2 removal system, which absorbs CO2 through biomass that is later converted into biochar for agricultural use in the UK. The deal aligns with Zurich’s commitment to corporate decarbonization, emphasizing that carbon removal should complement efforts to prevent emissions. This collaboration highlights the commercial viability and scalability of carbon removal technology, aiming to improve both environmental and economic outcomes. Resources: https://esgnews.com/zurich-insurance-secures-17500-ton-carbon-removal-deal-with-nellie-technologies/