On Monday, MTR Carbon Capture bagged a deal from contract chipmaker Taiwan Semiconductor Manufacturing Co (NYSE: TSM ) to supply a Polaris membrane carbon capture system to treat emissions from a Taiwan Semiconductor solvent incineration facility in Taiwan.

The capture unit will be installed at Taiwan Semiconductor’s Taichung Zero-Waste Manufacturing Center by the end of 2025 .

The project will showcase the effectiveness of MTR’s clean membrane capture technology in reducing carbon emissions from Taiwan Semiconductor operations.

Also Read: Taiwan Semiconductor’s Capex Plans Boost These Chip Stocks, Jim Cramer Says

MTR Carbon Capture will deploy larger Polaris systems in the future at additional Taiwan Semiconductor facilities and waste-to-energy plants in the region. MTR is working jointly on this project with CTCI, Taiwan’s most significant engineering, procurement, and construction (EPC) company.

MTR Carbon Capture President Brett Andrews noted the move as an essential first step in deploying clean Polaris capture systems in Taiwan to help a global leader like Taiwan Semiconductor decarbonize their operations.

Brazil’s Re.green reportedly bagged a $200 million deal with Microsoft Corp (NASDAQ: MSFT ) to buy 3.5 million carbon credits to restore Amazon and Atlantic forests. In 2023, Microsoft’s carbon footprint surpassed 17 million tons of carbon dioxide, up 40% from 2020.

Big Tech giants, including Microsoft, Alphabet Inc (NASDAQ: GOOG ) (NASDAQ: GOOGL ) Google , and Amazon.com Inc’s (NASDAQ: AMZN ) data center endeavors, have pressurized emission control promises.

Amazon founder Jeff Bezos, Microsoft co-founder Bill Gates, and Alibaba Group Holding (NYSE: BABA ) co-founder Jack Ma have been advocates for climate-focused investments.

Price Action: TSM stock is down 13.5% to $191.82 at the last check on Monday.

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This article Taiwan Semiconductor Partners with MTR to Tackle Carbon Emissions originally appeared on Benzinga.com

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