View original ↗on restord.earth
deal · 19 June 2024
Bennetts Associates ↔ Restord
Bennetts Associates: a firm purchase of 50 t of biochar removal from Restord.
BuyerBennetts Associates
SupplierRestord
Tonnes50 t
Capture pathwayBiochar
Storage mediumsoil
Commitment typefirm
Deal structureofftake
Source pathway descriptionBiochar production through conversion of biomass into biochar and application to UK soils for long-term carbon removal
Storage descriptionCarbon sequestered through biochar application to UK soils; soil health and productivity enhancement noted
Delivery window25 metric tonnes by Q4 2024, and 25 metric tonnes by Q1 2025
Project locationUK (Cornwall pilot site)
VerificationThird-party measurement, reporting, and verification (MRV); third-party lifecycle analysis (LCA) required
NotesTotal purchase amount £10,000 (£200 per metric tonne). Agreement subject to Restord achieving critical milestones including full delivery of initial tonnage with third-party MRV. Bennetts Associates outlined conditions for potential future purchases including completion of third-party LCA confirming net tonnes removed and ongoing responsible community engagement and safety/environmental compliance
Durability defaultedtrue
Previous durabilitydurable-100y
Previous durability basispathway-default
Durability notePathway default removed; duration requires source evidence
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