Zurich/Bern – Zürcher Kantonalbank (ZKB) has signed a contract with the climate-tech company Neustark. Accordingly, the young Bern-based company will permanently remove and store a total of 4,200 tons of CO2 from the air over a period of six years.
The climate-tech company Neustark will permanently remove 4,200 tons of CO2 from the air for Zürcher Kantonalbank. This is provided for in the six-year contract that the company, which was founded in 2019 as a spin-off of the Swiss Federal Institute of Technology in Zurich, has concluded with one of Switzerland’s largest banks.
According to a press release, these are residual emissions that are unavoidable for ZKB and cannot be reduced in the future. According to Neustark, this agreement is “a strong signal to the market” that “more and more international and national companies are taking CO2 removal measures to achieve net zero”.
“We are working with neustark to have a large part of our residual emissions removed by their innovative and high-quality mineralization technology,” says Marit Kruthoff, CSR Manager at ZKB. “We are delighted to be working with a regionally based start-up like neustark to help scale up an innovative technology for the net-zero target.”
A total of 14 Neustark separation and storage facilities are currently in operation. They remove around 5000 tons of CO2 from the air every year. More than 20 further plants are under construction in Switzerland, Germany and Austria. Neustark is therefore on track to achieve its goal of permanently removing 1 million tons of CO2 by 2030. Its customers include Microsoft, UBS and Verdane. ce/mm