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deal · 13 February 2025
Mercedes-AMG PETRONAS F1 Team ↔ Chestnut Carbon
Mercedes-AMG PETRONAS F1 Team: a firm purchase of 5,500 t of afforestation/reforestation removal from Chestnut Carbon.
SupplierChestnut Carbon
Tonnes5,500 t
Capture pathwayAfforestation/reforestation
Storage mediumecosystem
Commitment typefirm
Deal structureofftake
Source pathway descriptionnature-based carbon removal projects through restoration of approximately 200 hectares of degraded agricultural acreage into vibrant biodiverse forests through the planting of over 260,000 native trees
Storage descriptionforest carbon offsets on family-owned forestland and marginal crop and pastureland, with 100-year project design and land ownership by Chestnut Carbon
Delivery window2027-2030
Project locationSoutheastern United States
VerificationGold Standard for Global Goals
NotesForward purchase of credits. Projects focus on land previously used for monocrops and methane-heavy cattle production. Registered with Gold Standard under one of the most rigorous forest carbon methodologies with highly conservative carbon accounting and third-party auditing. Chestnut Carbon has planted over 10 million trees to date with projects expected to capture and remove over one million ton
Durability defaultedtrue
Previous durabilityconventional
Previous durability basispathway-default
Durability notePathway default removed; duration requires source evidence
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