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deal · 17 September 2024
SWISS ↔ Exomad Green
SWISS: a firm purchase of 70,000 t of biochar removal from Exomad Green.
BuyerSWISS (stated as Swiss Re)
SupplierExomad Green
Tonnes70,000 t
Capture pathwayBiochar
Storage mediumsoil
Commitment typefirm
Deal structureofftake
Source pathway descriptionBiochar carbon removal (BCR) credits from conversion of biomass into stable carbon via pyrolysis, with biochar stored in soil, wastewater treatment, or embedded in durable building materials
Storage descriptionBiochar stored in soil, utilized as wastewater treatment, or embedded in durable building materials
Delivery window7 years
VerificationCarbonfuture MRV+
NotesLandmark seven-year agreement for minimum of 70,000 tonnes. Intermediary: Carbonfuture. Swiss Re transitioned from carbon avoidance to carbon removal credits. Deal includes built-in flexibility and competitive pricing. Independent third-party monitoring, reporting, and verification via Carbonfuture MRV+ system tracking each batch from production to application.
Durability defaultedtrue
Previous durabilitydurable-100y
Previous durability basispathway-default
Durability notePathway default removed; duration requires source evidence
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More: Exomad Green · Biochar