Kirkland Represents Fidelis and AtmosClear on Agreement with Microsoft for High-Quality Carbon Removal from Project in Louisiana
Kirkland & Ellis advised Fidelis and its portfolio company AtmosClear BR, LLC on an agreement between AtmosClear and Microsoft for 6.75 million metric tons of engineered carbon removal over 15 years from bioenergy carbon capture and storage. The deal is the world's largest for permanent carbon removal to date. AtmosClear is developing a carbon capture facility at the Port of Greater Baton Rouge in Louisiana. The plant will use sustainable materials like sugarcane bagasse and trimmings from prudent forest management to produce clean energy while capturing 680,000 metric tons of biogenic carbon dioxide per year for permanent storage or beneficial use, like as a feedstock for low-carbon natural gas or other synthetic fuels.
The Kirkland team included debt finance lawyers Greg Howling, Roald Nashi and Andre Teixeira; and environmental transactions lawyer Jim Dolphin.
