View original ↗on chestnutcarbon.com
deal · 30 January 2025
Microsoft ↔ Chestnut Carbon
Microsoft: a stated intent to buy of 7,000,000 t of afforestation/reforestation removal from Chestnut Carbon.
BuyerMicrosoft
SupplierChestnut Carbon
Tonnes7,000,000 t
Capture pathwayAfforestation/reforestation
Storage mediumunknown
Commitment typeintent (a memorandum or letter, not a contract)
Deal structureofftake
Transaction evidenceChestnut Carbon ( Chestnut ), a nature-based carbon removal developer, today announced a new long-term offtake agreement to provide Microsoft with high-quality, nature-based carbon removal derived entirely from Chestnut s ARR project located in the Southern United States, including Arkansas, Texas, and Louisiana.
Source pathway descriptionafforestation and reforestation (ARR): planting native hardwood and softwood trees to restore marginal agricultural land to native forest
Delivery windowmultiple phases with forward-starting 25-year terms
Project locationSouthern United States, including Arkansas, Texas, and Louisiana
NotesProject: Chestnut Sustainable Restoration Project (afforestation/reforestation), registered with Gold Standard. The volume is stated as 'more than 7 million tons', so only a minimum is recorded; the unit is 'tons' as stated. The source says this agreement is in addition to an initial Chestnut–Microsoft agreement executed in December 2023, so it is a new, separate volume. The agreement is estimated
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