View original ↗on Carbon Herald
deal · 28 February 2024
Offset8 Capital ↔ Sawa EcoSolutions
Offset8 Capital: a firm purchase of biochar removal from Sawa EcoSolutions.
BuyerOffset8 Capital (stated as Offset8 Capital Ltd)
SupplierSawa EcoSolutions
Amount$50,000,000
Capture pathwayBiochar
Storage mediumsoil
Commitment typefirm
Deal structureofftake
Source pathway descriptionbiochar carbon credit project converting agricultural crop residues into biochar; addresses the burning of around 45 million tonnes of agricultural crop residues annually in Indonesia, which emits approximately 2 million tonnes of CO2 equivalent per year
Storage descriptionCO2 locked away in biochar form
Delivery windowover the next 10 years
Project locationIndonesia
VerificationCore Carbon Principles (CCP) established by the Integrity Council for the Voluntary Carbon Market (ICVCM); Indonesian law and regulations; internationally recognised carbon standard requirements
NotesOffset8 Capital Limited is an Abu Dhabi Global Market-based proprietary asset management firm regulated by the Financial Services Regulatory Authority of the ADGM. Sawa EcoSolutions founded in 2021, incorporated in Singapore. Project made formal debut in May 2022. Carbon credits eligible for Article 6 transactions and both voluntary and compliance carbon markets. USD amount represents expected val
Durability defaultedtrue
Previous durabilitydurable-100y
Previous durability basispathway-default
Durability notePathway default removed; duration requires source evidence
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More: Sawa EcoSolutions · Biochar