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deal · 6 December 2024
NextGen CDR ↔ Exomad Green
NextGen CDR: a firm purchase of 10,000 t of biochar removal from Exomad Green.
BuyerNextGen CDR
SupplierExomad Green
Tonnes10,000 t
Amount$2,000,000
Price$200 per tonne
Capture pathwayBiochar
Storage mediumsoil
Commitment typefirm
Deal structureofftake
Source pathway descriptionBiochar produced from sustainable forestry residues
Storage descriptionCarbon locked in biochar for up to thousands of years; studies of ancient soils suggest biochar can store carbon for thousands of years in some cases
Project locationBolivia
NotesNextGen CDR is a joint venture between South Pole and Mitsubishi Corporation, described as an advanced market facility specializing in high-durability CDR. Price: $200 per ton.
Durability defaultedtrue
Price derivationusd_amount/tonnes, derived not quoted
Previous durabilitydurable-100y
Previous durability basispathway-default
Durability notePathway default removed; duration requires source evidence
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More: Exomad Green · Biochar
