Frontier Opens Applications For Its Next Carbon Removal Prepurchase Cycle

Frontier Opens Applications For Its Next Carbon Removal Prepurchase Cycle - Carbon Herald

Frontier – the advance market commitment aiming to accelerate the development of carbon dioxide removal (CDR) technologies, opened its next prepurchase application cycle

The 2024 Carbon Removal prepurchase program is for early-stage suppliers piloting new technologies, looking for buyers to pay upfront for carbon removal tons that are yet to be delivered. Frontier offers low-volume prepurchase agreements for such projects to accelerate their development. Projects willing apply for the prepurchase program can fill out the pre-application by May 28, 2024, after reading the RFP issued by Frontier. 

The collaborate will also host a Purchasing Q&A webinar on May 16th and May 24th. The team will answer any questions regarding purchase tracks, project eligibility or the pre-application process.

Frontier is a collaborative effort of major corporations like Alphabet, Shopify, Meta and Stripe that launched in 2022 with a $925 million commitment to accelerate the development of permanent carbon removal technologies by guaranteeing future demand. It supports projects at different stages of development by purchasing carbon removal via two funding tracks – prepurchases and offtakes.

Relevant: Frontier Facilitates Third Round Of CO2 Removal Purchases

Each track has its own eligibility criteria, diligence process, and funding amounts. The bunch of Frontier’s funding goes toward offtakes, larger multi-year agreements with companies prepared to start scaling their technologies. 

So far, the collaborative effort has facilitated three rounds of prepurchases since 2022. The purchases selected from the current call for proposals will be announced in September 2024. 

Relevant: Frontier Signs $58.3M Carbon Removal Deal With Vaulted

Eligibility criteria for applicants for this round are as follows: 

  • The project should have lab-scale performance and preliminary stability data showing a proof of concept.
  • It needs to have an outlined Measurement, Reporting, Verification (MRV) approach, identified risks, and the method is presented for reducing MRV uncertainty.
  • The Technoeconomic Analysis (TEA) should be based on a process flow diagram and mass and energy balance.
  • The first tons can be delivered in the next ~1-3 years.
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