Puro.earth listed
CNIC

Saramacca Olivine Surinam

Quantity
2 040
Pre-CORCs
Average Price
115 €
Per CORC
Production Timeline
Q1 2022-Q4 2022

About the project

Enhanced weathering based on olivine and basalt scattered on marginal land in Saramacca, Surinam. Surinam is well suited for olivine projects, because weathering works best in tropical, humid circumstances. This project creates work in Guyana and Surinam for sourcing, transporting and scattering of olivine. 

Olivine and basalt weathers with CO2 and results in magnesium bicarbonate and silica.  The binding of COis a slow, but steady, natural process. However, the weathering can be accelerated by applying it in a specific way. This rock-solid CO2storage has geological permanence like many other minerals. 

Most carbon removal takes place in the first years of the project. In the first three years 350 tonnes per year are net-removed, whereas in the last 3 years 152 tonnes per year. Please refer to the Excel file.

This project follows the recommendations of the Netherlands' RIVM for the heavy metals threshold limits.

Key Project Data

  • Type of project info
    New facility or site
  • Carbon removal methodology info
    Enhanced Weathering
  • Durability of carbon removal in years (number) info
    1000000
  • Co-benefits info
    More than half of the carbon credit revenues remain in the developing countries Surinam and Guyana, benefiting the local economy and population. 

    We are working together with TNO, The Netherlands' Institute for Applied Scientific Research. Research will be conducted that helps improve this method of carbon removal. One of the main subjects will be the weathering speed dependencies, such as soil characteristics (organic matter, pH-value).
  • Sustainable Development Goals (SDGs) info
  • Production facility country info
    Surinam
  • Site visits are possible info
    Yes
  • Certifications or assessments info
    Memorandum of Understanding with TNO, The Netherlands' Institute for Applied Scientific Research.

    Accepted to EU/EIT Climate-KIC accelerator program "Carbon Removal CLIMAccelerator".

    Puro.earth certification pending.
  • Planned start date of construction info
    01/02/2022
  • Planned start date of production info
    01/02/2022
  • Annual carbon removal capacity in tCO2e (number) info
    250
  • Additionality info
    This project is fully additional financially, because it has no other revenue streams than carbon removal revenue. This project will not be implemented without these commitments.
  • Implementation of this project is subject to receiving funding (equity or debt) info
    Yes
  • 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
    Yes
  • The above conditions are expected to be fulfilled on this date
    15/11/2021
  • Link to high resolution images/media assets

About the supplier

Carbon Neutral Initiative

We are a project developer working on enhanced weathering. We apply both olivine and basalt. In order to optimize carbon removal of this method, we are working together with TNO, The Netherlands' Institute of Applied Scientific Research. 

The Carbon Neutral Initiative is part of the EU-funded Carbon Removal CLIMAccelerator.
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Project related documents

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