The world's first marketplace to offer ... - IEA Bioenergy€¦ · certificate i-e- Greenhouse Gas...

Post on 22-Aug-2020

0 views 0 download

Transcript of The world's first marketplace to offer ... - IEA Bioenergy€¦ · certificate i-e- Greenhouse Gas...

The world's first marketplace to offer verified CO2 removal certificates

Trading since May 2019

2

In this presentation you will learn …

What is Puro and CORC

Who is buying and Why

Is my biochar eligible to receive CORCs

What do I need to do to get CORCs

CO2 terminology

• Emission as is

• Low carbon

• Carbon neutral

• Carbon net-negative

3

Each 1 ton of Net-negative CO2 removalearns 1 CORC = CO2 Removal certificate i-e- GreenhouseGas Removal and storage

Synonyms to CORCNegative emissions

Carbon sinks with no leakage for 50+ yearsGreenhouse Gas Removal

CCS – carbon capture and storageCCUS – carbon storage in a durable product

Any Co2-net-negative

technologyCapture-to-storage

4

if long-term stored &can be measured

5

WHAT IS PURO

What is Puro ? A registry and a marketplace for tradablecertificates CORCs issued for carbon net-negative operations

6

3SUPPLIERS

SELL BUY

14BUYERS

Trade started May 2019

Puro fee 6%

22.67€weighted average price Oct 2019

Extra income for expanding operations

Compensate emissions they cannot avoid.

7

WHO IS BUYING

Who is buying CO2 Removal certificates in Puro?Many types of companies have purchased CORCs in auctions

8

Travel, Logistics

Agri-Food

Energy

Offset-retailers

Consultants

IT-Digital

9

WHY ARE THEY BUYING

Why purchase CORCs? To turn their products and services carbon neutral and remain competitive

11

IS MY BIOCHAR ELIGIBLETO RECEIVE CORCS

12

CO2 Removal in Puro - Any long-term methodThree methods ready to receive certificates, more to come

Carbonated building element

• Typical use: pavements, ground engineering

• Mineralization CO2 →

CaCO3

Biochar

• Typical use: plantations, storm drains

• Concentration of carbon to non-decomposing form by pyrolysis

Wooden building elements

• Typical use: schools, homes

• CO2 storage in durable structures

Puro requirements are defined in Biochar methodologyDownload from https://puro.earth/suppliers/

• Biomass or waste mass harvested with sustainable methods

• Methane recycled back to process, not released

• Laboratory tested biochar permanence and stability (H/C, O/C)

• Not shipped to customers that burn it

• Ex-post, you have biochar production for past 6-12 months

13

14

WHAT DO I NEED TO DO TO

TO RECEIVE CORCS

15

PURO CO2 REMOVAL

MARKETPLACE

To get CORCs to your biochar production

You do

- Claim how muchCO2-net-negative removal you havemade last 12 months

- Proof it with LCA

- Make a contractwith Puro

- Welcome auditor to visit your facility

We do

- Order and pay for a 3rd party auditor to verify your claim

- Open you a Puro account and issueCORCs

- Enable sales of CORCs to the buyers

- Pay you the CORC revenue deductedwith 3% fee

https://puro.earth

16

AuctionClaim

Verify

Issue

Produce

Producemore

Invest

CO2 removalsupplier

Emit

Reduce

Need for removal

Reportfootprint

Buyer

18

Trapped in a product

Permanence of Puro CO2 Removal certificate CORC

STORAGERequires active keeping and maintenance, otherwise CO2 vaporizes

PERMANENCEStable foreveror minimum 50 years

Depends on time-window when emits and when sinks

KEEPING & MAINTENANCE

None needed CO2 stored as long as sink management continues. CO2 escapes when stopped

Vs.CORC SINKRemoved, extractedfrom active carbon cycle

Soil, forest, consumablesIn active carbon cycle

Structures, durables, geostorage