View original ↗on forbes.com
deal · 31 May 2023
Boeing ↔ Equatic
Boeing: a firm purchase of 62,000 t of ocean alkalinity enhancement removal from Equatic.
BuyerBoeing
SupplierEquatic
Tonnes62,000 t
Capture pathwayOcean alkalinity enhancement
Storage mediumocean-dissolved
Commitment typefirm
Deal structureofftake
Source pathway descriptionElectrolysis to remove CO2 from seawater and convert the carbon into seashell-like material; hydrogen generated as a byproduct
Storage descriptionCarbon converted into seashell-like material
Delivery windowfive-year arrangement
Project locationSingapore
NotesDeal includes 2,100 metric tons of green hydrogen as a byproduct. Article states value is 'likely worth at least $50 million' but Equatic declined to provide exact valuation. Larger sub-commercial facility in Singapore set to open late 2024 with 3,500 metric tons CO2 annual removal capacity. Boeing will receive credits from Singapore plant.
Durability defaultedtrue
Pathway noterecoded from other-emerging on 2026-09-01, the source describes seawater electrolysis that raises alkalinity, electrochemical ocean alkalinity enhancement
Previous durabilitydurable-1000y
Previous durability basispathway-default
Durability notePathway default removed; duration requires source evidence
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