{"id":882,"date":"2024-12-05T10:55:17","date_gmt":"2024-12-05T03:55:17","guid":{"rendered":"https:\/\/thitruongcarbon.com\/?p=882"},"modified":"2024-12-05T10:56:59","modified_gmt":"2024-12-05T03:56:59","slug":"nextgen-signs-long-term-deal-to-purchase-biochar-cdrs-from-bolivia","status":"publish","type":"post","link":"https:\/\/thitruongcarbon.com\/en\/2024\/12\/05\/nextgen-signs-long-term-deal-to-purchase-biochar-cdrs-from-bolivia\/","title":{"rendered":"NextGen signs long-term deal to purchase biochar CDRs from Bolivia"},"content":{"rendered":"

Carbon removal joint venture NextGen CDR<\/strong> has signed a multi-year agreement to purchase carbon dioxide removals (CDR) from Bolivia-based biochar producer Exomad Green<\/strong>. A standout feature of this deal is the integration of independent digital monitoring, reporting, and verification (dMRV<\/strong>) technology into the carbon credit purchasing process.<\/p>\n

\"\"<\/p>\n

The partnership will be supported by Carbonfuture<\/strong>, a German platform specializing in CDR marketplace and verification services, according to an announcement on Thursday.<\/p>\n

NextGen\u2019s First Foray into South America<\/h3>\n

NextGen, a joint venture between project developer South Pole<\/strong> and conglomerate Mitsubishi Corporation<\/strong>, procures CDRs on behalf of five major corporate partners. The agreement with Exomad Green marks NextGen\u2019s first purchase of CDRs in South America.<\/p>\n

Exomad Green\u2019s biochar facilities in Concepci\u00f3n<\/strong> and Riberalta<\/strong>, Bolivia, are among the largest in the world. According to NextGen, this purchase supports its goal of sourcing only certified technological CDRs, ensuring credit production by 2025.<\/p>\n

\u201cWe are committed to contracting up to 1 million tonnes of CDRs between 2025 and 2030,\u201d NextGen stated.<\/p>\n

Scaling Up to Meet Demand<\/h3>\n

Exomad Green\u2019s CEO, Diego Justiniano<\/strong>, highlighted the transformative impact of this agreement: \u201cThis partnership with NextGen propels us to expand our production capacities to meet the urgent demands of both the market and the planet.\u201d<\/p>\n

In September, Exomad Green announced plans to build new facilities in Bolivia, aiming for a more than tenfold increase in production capacity by 2027.<\/p>\n

Additionally, the integration of Carbonfuture\u2019s MRV+<\/strong> system ensures transparency and reliability throughout Exomad\u2019s carbon removal operations, from capture to credit issuance.<\/p>\n

Carbonfuture Enhances Verification Capabilities<\/h3>\n

Carbonfuture, a company specializing in verification solutions for durable CDR projects, completed a Series A funding round in September. The investment, which included a significant minority stake from Swiss financial infrastructure company Six<\/strong>, will enable Carbonfuture to expand its services and enhance transparency for carbon removal initiatives.<\/p>\n

Long-term Vision for Technological Solutions<\/h3>\n

In October, NextGen signed another purchase agreement for CDR credits from an enhanced rock weathering<\/strong> project in India. This followed previous purchases from projects involving direct air capture (DAC)<\/strong>, bioenergy with carbon capture and storage (BECCS)<\/strong>, biochar<\/strong>, and product mineralization<\/strong>.<\/p>\n

With strategic investments and cutting-edge monitoring technology, NextGen and its partners are leading the market in promoting effective and sustainable carbon removal solutions, paving the way for a carbon-neutral future.<\/p>\n

Source: Quantum Commodity Intelligence<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Carbon removal joint venture NextGen CDR has signed a multi-year agreement to purchase carbon dioxide removals (CDR) from Bolivia-based biochar producer Exomad Green. A standout feature of this deal is the integration of independent digital monitoring, reporting, and verification (dMRV) technology into the carbon credit purchasing process. The partnership will be supported by Carbonfuture, a […]<\/p>\n","protected":false},"author":2,"featured_media":880,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[52,57],"tags":[],"class_list":{"0":"post-882","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-global-market","8":"category-investment"},"yoast_head":"\nNextGen signs long-term deal to purchase biochar CDRs from Bolivia - Th\u1ecb tr\u01b0\u1eddng Carbon<\/title>\n<meta name=\"description\" content=\"Carbon removal joint venture NextGen CDR has signed a multi-year agreement to purchase carbon dioxide removals (CDR) from Bolivia-based biochar producer Exomad Green. 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