View original ↗on drax.com
deal · 11 May 2023
C-Zero Markets ↔ Drax
C-Zero Markets: a firm purchase of 2,000 t of bioenergy with carbon capture and storage removal from Drax.
BuyerC-Zero Markets
SupplierDrax
Tonnes2,000 t
Amount$600,000
Price$300 per tonne
Capture pathwayBioenergy with carbon capture and storage
Storage mediumgeological
Commitment typefirm
Deal structureofftake
Source pathway descriptionbioenergy with carbon capture and storage (BECCS)
Project locationUnited States
NotesMemorandum of Understanding (MoU) signed; C-Zero intends to acquire 2,000 tonnes of CDRs from Drax's first US BECCS facility at $300 USD per tonne. This is an intent-based commitment pending further negotiation, not a firm purchase agreement.
Durability defaultedtrue
Price derivationusd_amount/tonnes, derived not quoted
Firmed date2024-04-18
Previous durabilitydurable-1000y
Previous durability basispathway-default
Durability notePathway default removed; duration requires source evidence
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