View original ↗on prnewswire.com
deal · 10 April 2025
one of the world's largest financial institutions focused on Carbon Dioxide Removals ↔ Verde Resources
one of the world's largest financial institutions focused on Carbon Dioxide Removals: a firm purchase of 8 t of biochar removal from Verde Resources.
SupplierVerde Resources (stated as Verde Resources Inc.)
Tonnes8 t
Capture pathwayBiochar
Storage mediumsoil
Commitment typefirm
Deal structureofftake
Source pathway descriptionBiochar integrated into cold mix asphalt for carbon removal and sequestration
Storage descriptionBiochar stored in asphalt applications; deemed an eligible biochar end-use that preserves its carbon storage value under Puro Standard Biochar Methodology
Project locationNational Center for Asphalt Technology (NCAT) Test Track
VerificationPuro.earth
Notes8 tons of Carbon Removal Credits issued by Puro.earth and pre-purchased by financial institution. Project completed December 20, 2024, involving 110 tons of cold mix asphalt with 5 tons of biochar installed in collaboration with Oregon Biochar Solutions and NCAT. Credits have been pre-purchased (delivery status indicates already sold).
Durability defaultedtrue
Previous durabilitydurable-100y
Previous durability basispathway-default
Durability notePathway default removed; duration requires source evidence
Watch these companies, see every deal like this, or ask about it.
A free account searches the whole database and saves records. Pro adds Ask, a watch list, totals, exports and the plugin for Claude and ChatGPT. New accounts get 14 days of Pro, no card needed.
More: Verde Resources · Biochar