View original ↗on Carbon Herald
deal · 29 March 2024
Karbon-X ↔ Drax
Karbon-X: a firm purchase of 25,000 t of bioenergy with carbon capture and storage removal from Drax.
BuyerKarbon-X
SupplierDrax
Tonnes25,000 t
Amount$8,750,000
Price$350 per tonne
Capture pathwayBioenergy with carbon capture and storage
Storage mediumgeological
Commitment typefirm
Deal structureofftake
Source pathway descriptionbioenergy with carbon capture and storage (BECCS)
Storage descriptionpermanently storing carbon dioxide
Delivery window2030-2035
Project locationUnited States
NotesAgreement spans five years starting in 2030. Price: $350 per metric ton CO2. Karbon-X intends to resell acquired credits in the voluntary carbon market. Drax's BECCS initiatives in the U.S.
Durability defaultedtrue
Price derivationusd_amount/tonnes, derived not quoted
Previous durabilitydurable-1000y
Previous durability basispathway-default
Durability notePathway default removed; duration requires source evidence
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