The NextGen CDR Facility, a collaboration between Swiss carbon finance consultant South Pole and Japanese conglomerate Mitsubishi Corporation, has announced the purchase of 193,125 tonnes of carbon dioxide removal (CDR) from three projects, producing the largest CDR portfolio in the world. The purchase represents 25 percent of all CDRs purchased to date and provides more than 1,000 years of CO2 storage after delivery, according to a South Pole press release released last week. With an average price target of $200/t, NextGen intends to make permanent CDRs available to corporate buyers, allowing for risk diversification through a portfolio approach. A number of technologies are represented in the portfolio removal carbon  , such as biomass carbon removal and storage, direct air capture and storage, improved weathering, high-temperature biochar and product mineralization. (Baba Tamim)