View original ↗on esgtoday.com
deal · 30 January 2025
Zurich Insurance Group ↔ Nellie Technologies
Zurich Insurance Group: a firm purchase of 17,500 t of biochar removal from Nellie Technologies.
SupplierNellie Technologies
Tonnes17,500 t
Capture pathwayBiochar
Storage mediumsoil
Commitment typefirm
Deal structureofftake
Source pathway descriptionBiochar production from algae using proprietary technology to grow microalgal biomass at speed and at scale, processing the biomass into biochar and biofertiliser, permanently sequestering carbon
Storage descriptionBiochar buried in soil enables centuries-long carbon sequestration
Delivery window5 years
Project locationUK
NotesPurchase of carbon dioxide removal certificates (CORCs) from Nellie's UK operations. Biomass to be used in UK agricultural sector. Zurich states this is their largest carbon removal purchase agreement to date and places the company within top 20 corporate CO2 removal purchasers per CDR.fyi. Deal supports Zurich's net-zero operational emissions target by 2030.
Durability defaultedtrue
Previous durabilitydurable-100y
Previous durability basispathway-default
Durability notePathway default removed; duration requires source evidence
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More: Nellie Technologies · Biochar