About Puro.earth

Puro.earth is the world’s leading carbon crediting platform for engineered carbon removal. We help companies globally in their science-based journey to net-zero

Our mission is to mobilize the world’s economy to reward carbon net-negative emissions.

We want to create a world where any company can help reverse climate change by removing its carbon emissions from the atmosphere and can create growth with carbon-neutral products for its customers. Puro.earth focuses solely on verified net-negative technologies that can remove carbon at an industrial scale and store it for a minimum of 100 years. Our innovation is harmonizing different methods of CO2 removal and turning them into digital tradable assets called CO2 Removal Certificates (CORCs).
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Puro.earth story

History of Puro.earth

Puro.earth started from the realization that there is too much CO2 in the atmosphere and we already have carbon net-negative technologies that are able to capture and store it. However, a business model for carbon removal with these technologies was missing. 

In August 2018, Antti Vihavainen pitched the idea to Fortum, the leading clean energy company in the Nordics, who set up a team headed by intrapreneur Marianne Tikkanen, within the Innovation and Venturing department. The new team focused on finding a business concept to incentivize methodologies that are carbon net-negative from cradle-to-gate, in other words, they capture more CO2 that they emit from raw material to the end of the production process. These also had to be commercially available, scalable to industrial levels, and able to be verified. After exploring dozens of business models, the concept of a meet-and-match of demand and supply for carbon removals was formed – and we started calling it Puro.earth.


The Next-Generation Carbon Offset

The new team realized that the net-negative part of the carbon capture and long term storage was the valuable climate service. This part needed to be turned into a digitally tradable carbon asset. After many iterations on the name, the CO2 Removal Certificate or CORC, was born. The aspiration became to create a functioning market for long-term carbon removal, which is reliable, efficient and location independent.

In the spring of 2019, the initiative was joined by a group of 22 pioneering companies from 6 countries to define the tradable asset of carbon removal and other marketplace rules. The drive and urgency shared by these ecosystem actors made possible the fast development of the CORC, its verification rules, the implementation of the registry and the contractual framework. Puro.earth’s  first auction was held in May 2019. From first meeting to trading CORCs in only 71 days. CORCs can now be purchased by corporations via our sales channel partners or by connecting directly with our suppliers via our online listing.


Accelerating the Carbon Net-Negative Economy

The initial successful auctions validated Antti’s original idea: businesses want to meet their climate commitments with carbon removal and there is a business model to make it happen. Even more so, we have seen evidence of CORCs accelerating growth of the carbon net-negative economy. One of our suppliers announced a ten-fold volume production scale-up and another started building a plant counting on CORC income. More than 100 suppliers have contacted us with CO2 capture, utilization and long-term storage methods to be included in Puro.earth.

A new chapter

In 2021, Nasdaq acquired a majority stake in Puro.earth. The strategic partnership will fuel a global scale-up phase for the platform to continue addressing a growing demand for carbon removal by corporations, as well as enable new carbon removal methodologies, as technology evolves.

The addition of Puro.earth’s carbon removal capabilities to Nasdaq’s environmental, social, and governance (ESG)-focused  solutions gives Nasdaq’s corporate clients further resources to successfully achieve their ESG objectives.

Puro.earth will continue to help companies fulfill their carbon net-zero targets.

Join us in our mission to reverse climate change. 

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