Puro.earth listed

Bioenergy with CCS in Norway, Phase 1

Quantity
13 340
CORC Price
400 €
Pre-CORC Price
N/A
Production Timeline
Q3 2024-Q2 2029

About the project

This project will transform an existing biogas facility into a carbon removal factory. We are convinced this is a low hanging fruit that needs implementation sooner or later. We prefer sooner.

Our project will help to re-balance our planet’s carbon cycle by removing excess CO2 from the atmosphere and placing it rock formations within the Earth’s crust - where the excess carbon came from in the form of fossil fuels. The carbon dioxide that we put back into rocks will stay there for millions of years as part of the Earth’s geosphere.

We extract CO2 from the atmosphere by the process of anaerobic digestion of organic waste. Sewage, food waste and animal manure are digested by bacteria that produce a mix of methane and CO2 called biogas. The methane is a valuable source of energy (Renewable Natural Gas), but the CO2 is vented back to the atmosphere, ready for a new cycle of photosynthesis into plants.

This project aims to transfer CO2 from one or more biogas plants in Sweden and Norway to the Northern Lights storage facility that will open in mid-2024 (www.norlights.com). This is a large scale, government-backed project that is open to receiving CO2 from a variety of sources for the purpose of climate change mitigation.

By purchasing pre-CORCs from this project, our customers enable us and our biogas partners to order the equipment we need to begin transferring CO2 to a storage site like Northern Lights in 2024. The price of our certificates will cover our costs and help us to get the ball rolling for this elegant and efficient carbon removal solution.

Key Project Data

  • Type of project info
    New facility or site
  • Carbon removal methodology info
    Geologically Stored Carbon
  • Durability of carbon removal in years (number) info
    1000
  • Co-benefits info

    Biogas facilities treat some of our waste streams that are the hardest ones to treat, at the same time as they produce a source of energy equivalent to natural gas with the exception that it has a non-fossil origin. They also produce a valuable fertilizer that has the potential to replace mineral fertilizer as well as improving local and regional soil management by directing different nutrients to different parts of the agriculture. By incentivizing biogas facilities to take this extra step, the sale of CORCs will in turn encourage more biogas facilities to do the same and improve the business case for additional facilities to get built.

    In other words – biogas facilities are building blocks in the circular economy and working with them creates a unique set of co-benefits that include the production of renewable energy, the upcycling of organic waste streams and long-term local employment in rural as well as urban communities.

  • Sustainable Development Goals (SDGs) info
  • Production facility country info
    Norway
  • Site visits are possible info
    Yes
  • Certifications or assessments info
    Registered and verified under Puro.earth's Geologically Stored Carbon methodology

    This methodology sets the requirements for eligibility and quantification of the Net CO2 Removal impact
    achieved by the activity of carbon sequestration and geo-storage, where CO2 is captured from the atmosphere
    and stored permanently into deep geological formations by a CO2 Removal Supplier.

    Net CO2 removal impact is calculated as net carbon balance of emissions and storages. The gross carbon
    increase in the geo-storage must be larger than the GHG emissions caused over life-time of the activity.

    This project captures CO2 from the atmosphere by means of biogenic CO2 capture, where
    plants have originally captured CO2 from the atmosphere through photosynthesis.
  • Planned start date of construction info
    01/05/2023
  • Planned start date of production info
    01/09/2024
  • Annual carbon removal capacity in tCO2e (number) info
    2000
  • Additionality info

    The additionality of these CORCs is 100%.

    The CO2 emissions from biogas facilities are biogenic and occur regardless of biogas treatment. What these facilities do today is capture the methane that would otherwise get emitted and produce it as a renewable alternative to natural gas from fossil sources.

    The CO2 emissions that our projects harvest and re-direct to geological storage are not regulated and do not appear in emission inventories at a national or local level. There are no incentives to manage these emissions other than the sale of CORCs and this enables us to state with confidence that the climate benefit of purchasing these certificates is fully additional.

  • Implementation of this project is subject to receiving funding (equity or debt) info
    No
  • Implementation of this project is subject to permits (building, environmental, etc.) info
    No
  • Implementation of this project is subject to reaching minimum pre-CORC commitments info
    No

About the supplier

Inherit Carbon Solutions

Inherit Carbon Solutios helps to transform existing biogas facilities into carbon removal factories. We are convinced this is a low hanging fruit that needs implementation sooner or later - and we prefer sooner.
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