December 13, 2023 — FREIBURG, Germany — Carbonfuture has signed an offtake agreement with Microsoft (NASDAQ: MSFT), to supply biochar carbon removal (“BCR”) credits from the Exomad Green Concepción project located in Bolivia. The Exomad Green Concepción project is on track to deliver over 32,000 tonnes of carbon dioxide removal credits to Microsoft by June 2024, contributing towards Microsoft’s carbon-negative sustainability goal.
This agreement is a step towards further validating BCR as a promising technology pathway for meeting corporate sustainability goals. Exomad Green’s facility in Concepción, Bolivia, transforms forestry waste into biochar. Since this forestry waste would have otherwise been burned, the project expects significant co-benefits from this offtake agreement beyond carbon management, which include: reducing health and fire risks from open burning and mitigating deforestation via sustainable timber management practices. Further, the Exomad Green project should contribute to bolstering farming practices in indigenous communities by providing biochar for agriculture, which improves soil fertility.
Carbonfuture's MRV+ process ensures a digital-first, high standard in tracking biochar carbon removal. Each biochar batch at Exomad’s Concepción facility is uniquely identified and meticulously tracked from production to application, ensuring additional transparency related to CO2 Removal Certificate delivery to Microsoft. The project will follow compliance with the Puro Standard, a leading carbon removal standard that provides science-based quantification methodologies for durable carbon removal technologies.
– Brian Marrs, Senior Director, Energy & Carbon Removal at Microsoft
– Diego Justiniano, CEO of Exomad Green
– Hannes Junginger-Gestrich, CEO of Carbonfuture