Located in the Colombian Orinoquia, the project expects – by 2030 – to capture 11.3 million tonnes of CO2 in a 575,000-hectare property.

It will also benefit 700 families in the area and has the support of the Natural Wealth Program of the United States Agency for International Development (USAID).

CO2Bio is part of the Latam sustainability strategy, which aims to achieve carbon-neutral growth with respect to 2019; reduce/offset the equivalent of 50% of domestic emissions by 2030; and be carbon neutral by 2050.

"With this new strategic alliance with Cataruben, Latam reaffirms its commitment to promote a collaborative compensation model, which not only impacts climate change through greater CO2 capture, but also contributes to improving the quality of life of the communities and the protection of biodiversity," said Roberto Alvo, chief executive of Latam Airlines Group.