Service fee calculation example

The Puro Registry is used for tracking the entire lifecycle of the credit. As we discontinued the secondary trading fee which would incur costs for each transaction, but was not welcomed by some commodity traders, we decided to move to single fixed cost at the end of the lifecycle to cover some of the costs of maintaining the system.

The new fee model will be operational at the beginning of October 2024. This means that for any transactions happening after that date, the new service fee applies. For existing CO2 Removal suppliers, the fees will be based on the cumulative volume over the last 364 days from the date of issuance of their CORCs.

On February 2, 2025, Puro implemented a new minimum CORC fee structure to enhance the efficiency of our audit processes and scale the CDR industry better, faster, and stronger. We also implemented a waiver that is a significant advantage for our customers that meet certain requirements, as it eliminates the Retirement Fee, making long-term offtake trades more cost-effective and attractive.

Register your interest here. For a supplier to be issued CO2 Removal Certificates (CORCs) the product that sequesters carbon and the production facility must be verified.

Once initially qualified by the Puro Team, there are three steps to making a claim that your production is carbon net-negative:

1. You must have documented evidence of the carbon footprint of your production: an Environmental Product Declaration (EPD) or a Lifecycle Assessment (LCA) for the cradle-to-gate carbon footprint of your production. If you don’t have an LCA or EPD, we can put you in contact with companies who can do it for you.
2. Send the EPD or LCA document to your account manager.
3. When we have this information, we will start a verification process by contacting you within the coming days.

This is the output volume that a CO2 removal supplier reports to the issuing body when submitting their production output report.