View original ↗on suez.com
deal · 22 May 2024
Microsoft ↔ First Climate
Microsoft: a firm purchase of 36,000 t of biochar removal from First Climate.
BuyerMicrosoft
SupplierFirst Climate
Tonnes36,000 t
Capture pathwayBiochar
Storage mediumsoil
Commitment typefirm
Deal structureofftake
Source pathway descriptionBiochar produced from forest and agricultural residues. When applied to soil, the carbon contained in the biochar is permanently stored, making it an efficient carbon sink while at the same time providing substantial benefits improving soil properties and cultivation performance.
Storage descriptionBiochar applied to soil for permanent carbon storage
Delivery windowthree years from announcement (2024-2027)
Project locationQuebec, Canada
VerificationPuro.earth
NotesForward contract for 36,000 carbon removal credits. Project is Carbonity, a joint venture between SUEZ, Airex Energy, and Groupe Rémabec. Operations to begin by end of 2024 with expected annual production capacity of 10,000 tons of biochar. First Climate acts as carbon asset manager and handles MRV processes and credit marketing. Microsoft and SUEZ indicated potential for expanding partnership bey
Durability defaultedtrue
Previous durabilitydurable-100y
Previous durability basispathway-default
Durability notePathway default removed; duration requires source evidence
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More: First Climate · Biochar