CleanTechnica•18 days ago
Altitude Partners With Empacar Bolivia & Becomes First Commercial Buyer To Reach +1 Million T CDRs Financed
Key Takeaway
The significant scale of this carbon removal credit deal highlights a maturing voluntary carbon market and growing corporate demand, creating new financial opportunities for developers and compliance pathways for large energy consumers.
AI Summary
- •Altitude has secured over 305,000 tonnes of biochar-based Carbon Removal Credits (CORCs) from Empacar S.A. in Bolivia.
- •This transaction pushes Altitude's total financed CDRs past 1 million tonnes, signaling a rapidly expanding market for verifiable carbon removal solutions.
- •The deal highlights increasing corporate demand for long-term carbon removal offtakes, creating new revenue streams for developers of biochar and other CDR projects.
- •It indicates a maturing voluntary carbon market, which could influence future investment and pricing for emissions reduction and removal assets.
Topics
emissionsfinancingpolicy
Article Content
Altitude has signed an agreement with Empacar S.A. to purchase more than 305,000 tonnes of biochar-based carbon removal credits (CORCs) from facilities in Bolivia. The deal adds to the growing number of large-scale CDR offtakes in the Altitude portfolio. The biochar plant by Empacar in Bolivia is supported by global ... [continued] The post Altitude Partners With Empacar Bolivia & Becomes First Commercial Buyer To Reach +1 Million T CDRs Financed appeared first on CleanTechnica .