Puro.earth and Xpansiv partner to expand carbon market capacity
November 15, 2023
BY Puro.earth
Puro.earth, the world’s first and leading carbon crediting platform for engineered carbon removal, and Xpansiv, the principal market infrastructure provider for the global energy transition, announced that Puro.earth CO2 Removal Certificates (CORCs) will be listed for trading on Xpansiv spot marketplace CBL, the largest spot exchange for trading voluntary carbon credits, renewable energy certificates (REC), and other environmental commodities.
Bringing these two platforms together is a significant development in scaling the carbon removals market. Puro.earth’s robust, diverse supplier base offers buyers a rich source of quality removal credits. Xpansiv’s marketplace brings together hundreds of global participants to transact on a centralized, fully transparent exchange platform and post-trade infrastructure.
Advertisement
“Our partnership with Xpansiv marks an important step to scale the market for high-quality carbon removal credits, which are essential in private sector, net-zero programs,” said Antti Vihavainen, CEO, Puro.earth. “Puro’s guiding principle has been to establish the least disputable methodologies for carbon removal, which has led to relatively small volumes of available credits for the first years. Now that several new projects are orders of magnitude larger than previously, CBL’s central position in the carbon markets will be critical in enhancing transparent price discovery and liquidity formation, enabling participants to engage with greater certainty and confidence.”
The Puro.earth ecosystem of carbon removers consists of 116 suppliers of negative emissions and another 600 companies in the supplier funnel preparing to get certified.
Advertisement
“We welcome Puro.earth as a valued partner bringing to market innovative carbon removal projects,” said John Melby, CEO, Xpansiv. “Our exchange participants are keen to incorporate removals into their credit portfolios and look forward to trading and managing them through our platform.”
The partnership will enable hundreds of active CBL participants to trade CORCs alongside a broad range of environmental commodities used to finance the global energy transition. In addition to being listed on CBL, CORC transactions will be settled via the exchange’s post-trade service.
Related Stories
BKV Corporation and Comstock Resources, Inc. announced an exclusive, non-binding agreement for BKV to develop carbon capture, utilization and sequestration projects at two of Comstock’s natural gas processing facilities in its Western Haynesville operating area.
As the CCUS industry faces ongoing uncertainty, with economic challenges and evolving regulatory landscapes, one thing remains clear: The drive for scalable decarbonization is unwavering.
Carbon Direct, in collaboration with Microsoft, announced the release of new criteria for high-quality marine carbon dioxide removal (mCDR), setting a higher standard for social impact, monitoring, durability, and environmental integrity in the rapidly evolving mCDR space.
EFM and Meta have finalized a groundbreaking long-term contract for the delivery of 676,000 nature-based carbon removal credits through 2035. The deal will support the transition of 68,000 acres of forestland to climate-smart management on Washington’s Olympic Peninsula, with the goal of removing more than one million tons of carbon emissions over the next decade.
RHI Magnesita, MCi Carbon, the Austrian Institute of Technology, and the University of Technology Sydney will receive funding for the CCUPScale project, for which Newcastle based cleantech startup MCi Carbon will receive AUD $3.29m.
Upcoming Events
