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deal · 17 September 2024
Milkywire ↔ Flux
Milkywire: a firm purchase of 540 t of enhanced rock weathering (agricultural) removal from Flux.
BuyerMilkywire (stated as Milkywire Climate Transformation Fund)
SupplierFlux
Tonnes540 t
Amount$199,800
Price$370 per tonne
Capture pathwayEnhanced rock weathering (agricultural)
Storage mediumocean-dissolved
Commitment typefirm
Deal structureofftake
Source pathway descriptionEnhanced rock weathering: grinding up basalt and spreading it across large areas where rock fragments react with rainwater to speed up natural CO2 absorption, which is eventually washed into oceans for long-term storage; also increases soil fertility
Storage descriptionCO2 washed into oceans where it can be stored for centuries or longer
Project locationKenya (600 hectare sugar cane plantation in Kenyan Rift Valley near Lake Naivasha)
NotesTrade executed on Kenya's CYNK platform at $370 per tonne. Flux also has signed memorandums of understanding for enhanced weathering programs in Nigeria with the government and in Cameroon with an agribusiness (205,000 hectares of corn). Company formed approximately one year before announcement.
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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