Graphyte is a carbon removal startup and the Forth-Worth based Airlines has purchased their carbon removal credits according to a Dallas Innovates article. They say, 

“Fort Worth-based American Airlines has a long-term goal to reach net-zero emissions by 2050—largely by investing in technologies to reduce its carbon footprint. But today it also announced the purchase of “carbon removal credits” to help accelerate and scale the CO2 removal market.

Graphyte’s Carbon Casting process uses “readily available” biomass, efficient processing, and state-of-the-art monitoring to make carbon dioxide removal “quantifiable and permanent.” Compared to existing carbon removal approaches, the company says Carbon Casting “permanently removes and stores CO2 using significantly less energy and at a substantially lower cost.”

To reach its net-zero goal, American’s chief focus is to reduce CO2 emissions within its operations by acquiring more efficient aircraft, using low-carbon sustainable aviation fuel, and other measures. But it recognizes that carbon credits will play a critical role in eliminating aviation’s residual emissions, Graphyte noted.”

And of course, both top brasses of the respective companies are already amped to work together in fighting climate change according to an American article which reports, 

“This is a landmark agreement for both Graphyte and American Airlines,” said Barclay Rogers, CEO of Graphyte. “It demonstrates the growing demand for affordable and scalable high-quality carbon removal credits and the ability of Carbon Casting technology to make a significant impact in the fight against climate change in the very near term.”

“American is focused on accelerating new low-carbon technologies to reduce aviation’s climate impact,” said Jill Blickstein, Chief Sustainability Officer at American. “Hard to abate industries like aviation will need high-quality, permanent, affordable and scalable carbon credits — including removals — to achieve our emissions reduction goals. We are excited to work with Graphyte to help them scale their important new technology.”

While financial terms were not disclosed by either company, it is known that the airline company has purchased 10,000 tons of permanent carbon removal which will be delivered by Graphyte in 2025.