Zurich Insurance Group ↔ Parallel Carbon

Zurich Insurance Group: a firm purchase of 1,200 t of direct air capture removal from Parallel Carbon.

BuyerZurich Insurance Group

SupplierParallel Carbon

Tonnes1,200 t

Capture pathwayDirect air capture

Storage mediumgeological

Commitment typefirm

Deal structureofftake

Source pathway descriptionintegrated direct air capture with geological storage and hydrogen (DAC+H2) production process; carbon-negative hydrogen production with carbon removal certificates (CORCs) issued under Puro Standard

Storage descriptiongeological storage

Delivery windowthrough 2030

VerificationPuro Standard

NotesPre-purchase agreement includes options for additional purchase volumes and rights of first refusal. Hydrogen byproduct to be sold to low-carbon ammonia producer. Majority of Parallel Carbon's CDR credits through 2030 have been sold as of this announcement.

Durability defaultedtrue

Previous durabilitydurable-1000y

Previous durability basispathway-default

Durability notePathway default removed; duration requires source evidence

automatically extracted from the cited source; not yet reviewed by a person · discovered via carbon-removal-updates · extracted 2026-08-24

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More: Parallel Carbon · Direct air capture