Carbonfuture – a leading carbon removal marketplace, has signed an offtake agreement with Microsoft to supply biochar carbon removal credits from the Exomad Green Concepción project located in Bolivia.
According to the deal, the Exomad Green Concepción project will deliver over 32,000 metric tons of carbon removal credits to Microsoft by June 2024, contributing towards Microsoft’s efforts to reduce its carbon footprint.
Exomad Green is a biochar producer in South America aiming to become one of the world’s leading sustainable biochar companies. Its first facility was launched in Concepción, Bolivia and two others are planned to be become operational by December 2023 and March 2024. Together the three facilities are expected to sequester over 225,000 tons of CO2 annually.
According to the announcement, the forestry waste used in the biochar production would have otherwise been burned which brings significant co-benefits for the project. Some of them are: reducing health and fire risks from open burning, mitigating deforestation via sustainable timber management practices, bolstering farming practices in indigenous communities by providing biochar for agriculture, and improved soil fertility.
The tracking of the validity of carbon credits will be provided via Carbonfuture’s MRV+ process that ensures a digital-first and high standard. Each biochar batch will be uniquely identified and tracked from production to application, ensuring additional transparency of the CO2 Removal Certificate delivery to Microsoft. The project will also follow compliance with the Puro Standard, a leading carbon removal standard that provides science-based quantification methodologies for durable carbon removal technologies.
“The collaboration of Carbonfuture with Microsoft and Exomad is a positive step forward for the carbon removal industry and represents a critical step in accelerating the transition to a sustainable, net-zero future. Carbonfuture’s approach, rooted in transparency and quality, ensures high-integrity carbon removal. With this collaboration, we are not just removing carbon; we are contributing to environmental responsibility and societal impact,” said Hannes Junginger-Gestrich, CEO of Carbonfuture.
“We are excited to work with Carbonfuture to support carbon removal through purchasing high-quality carbon removal credits. With the Exomad project, we are able to realize carbon removal with important co-benefits to local communities and ecosystems,” said Brian Marrs, Senior Director, Energy & Carbon Removal at Microsoft.