View original ↗on milkywire.com
deal · 11 December 2024
Salesforce ↔ Milkywire
Salesforce: a stated intent to buy of biochar removal from Milkywire.
BuyerSalesforce
SupplierMilkywire
Amount$5,000,000
Capture pathwayBiochar
Storage mediumsoil
Commitment typeintent (a memorandum or letter, not a contract)
Deal structureofftake
Source pathway descriptiondurable carbon removal credits across multiple pathways including direct air capture, biomass, enhanced rock weathering, geothermal-powered direct air capture, and biochar from agricultural waste
NotesPart of Salesforce's First Movers Coalition pledge to purchase $100 million in durable carbon removal by 2030. Milkywire will deploy funds through its Climate Transformation Fund to support early-stage CDR suppliers across multiple technologies and geographies. This is a prepurchase/framework commitment rather than a specific tonnes contract.
Durability defaultedtrue
Previous durabilitydurable-100y
Previous durability basispathway-default
Durability notePathway default removed; duration requires source evidence
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