Puro Accelerate helps new carbon removal projects secure funding through two main instruments: Advance Market Commitments and Pre-CORCs.
Commitments to buy CORCs at a future date at a pre-agreed price. Suppliers can use these contracts to help secure debt and equity financing.
Buyers can use offtakes to secure first rights to the most innovative new projects while actively enabling the growth of the ecosystem.
A Pre-CORC is a prepaid and tradable certificate that represents validated projections of future carbon removals. Upon verification of the removals, Pre-CORCs are converted into CORCs. Pre-CORCs enable prepayments for future carbon removals, making suppliers less dependent on more expensive forms of financing. Buyers benefit from a discount and greater flexibility as Pre-CORCs are tradeable.
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|Support scale with the Carbo Culture next-generation reactor||Europe||Biochar||225 €||N/A||14 400|
|Novocarbo - Future Carbon Removal Baltic Sea||Germany||Biochar||200 €||200€||28 973|
|World's first solar-powered Direct Air Capture||Australia||Direct Air Capture||900 €||N/A||1 847|
|Bioenergy with CCS in Norway, Phase 1||Norway||BECCS||400 €||N/A||10 672|