View original ↗on isometric.com
deal · 2021
Shopify ↔ Charm Industrial
Shopify: a firm purchase of pumpable biomass to geological storage (bio-oil, slurry) removal from Charm Industrial.
BuyerShopify
SupplierCharm Industrial
Amount$2,000,000
Capture pathwayPumpable biomass to geological storage (bio-oil, slurry)
Storage mediumgeological
Commitment typefirm
Deal structureofftake
Source pathway descriptionBio-oil geological storage. The process involves gathering waste biomass and converting it into a stable, carbon-rich liquid that is pumped deep underground. Materials (such as corn stalks after harvest or forestry trimmings) are heated in a low oxygen environment until they become a bio-oil, which is then injected into decommissioned oil wells and other similar environments.
Storage descriptionBio-oil injected into decommissioned oil wells and similar environments for permanent geological storage
VerificationIsometric
NotesOriginal purchase announced in 2021; this article from December 13, 2023 reports that this purchase is the first order to be verified against Isometric's new bio-oil geological storage Protocol. The page also indicates Isometric raised $40M (mentioned in headline) but no funding record details are provided in the body text.
Durability defaultedtrue
Previous durabilitydurable-1000y
Previous durability basispathway-default
Durability notePathway default removed; duration requires source evidence
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