View original ↗on Carbon Herald
deal · 10 July 2023
Kinnevik ↔ Carbon Lockdown
Kinnevik: a firm purchase of 1,000 t of terrestrial biomass burial/vaulting removal from Carbon Lockdown.
BuyerKinnevik
SupplierCarbon Lockdown
Tonnes1,000 t
Capture pathwayTerrestrial biomass burial/vaulting
Storage mediumgeological
Commitment typefirm
Deal structureofftake
Source pathway descriptionwood harvesting and storage (WHS) with Wood Vault technology, a hybrid nature-engineering approach using sustainably sourced residual woody biomass for long-duration carbon removal
Storage descriptionWood Vault - a hybrid nature-engineering approach to long-duration carbon removal with durability of 1,000 years or more
Project locationProject Potomac Demo, near the Potomac River in Maryland, US
NotesDeal provides investment in Project Potomac Demo. Project aims to sequester net 5,000 tCO2-equivalent total. Kinnevik's purchase criteria include durability of 1,000+ years, high integrity regarding additionality, baselines, carbon leakage, carbon accounting, and buffer requirements. WHS classified as form of biomass carbon removal and storage (BiCRS). Additional climate benefits include wildfire
Durability defaultedtrue
Pathway noterecoded from other-emerging on 2026-09-01, the source describes dried biomass sealed and stored, the taxonomy names Graphyte under biomass-storage
Previous durabilitydurable-1000y
Previous durability basispathway-default
Durability notePathway default removed; duration requires source evidence
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