We're thrilled to announce that Standard Chartered Bank and SEB have partnered with Puro.earth to increase liquidity in the Carbon Dioxide Removal (CDR) market and support corporate Net-Zero targets.  
 
Under this partnership, both banks will act as intermediaries facilitating Offtake Agreements of high-quality, Puro Standard-certified carbon removal credits to their clients! Puro will provide its rigorous carbon removal methodologies and certification framework, ensuring that all CDR projects meet the highest standards in carbon accounting, social and environmental safeguards, and permanence. 
 
Julien Jacob, Head of Offtake and Investment Solutions at Puro.earth, expressed, “Achieving net-zero emission targets will be impossible without a significant acceleration in the pace of carbon dioxide removal deployment. We are thrilled to partner with Standard Chartered and SEB, both pioneers in facilitating sales and investments within the CDR market. This collaboration takes our efforts further, with Standard Chartered and SEB now playing an active role in facilitating Offtake Agreements with suppliers that meet the stringent criteria of the Puro Standard." 
 
This partnership goes beyond increasing liquidity—it addresses key challenges in project financing and offtake contract structures, creating new investment opportunities for early-stage carbon removal initiatives. By leveraging the extensive networks of Standard Chartered and SEB, we’re building new distribution channels for CORCs, setting the stage for long-term sustainable climate impact. 

Fredrik Ekström, Head of Carbon Markets at Nasdaq, and Chairman of Puro.earth, said, “To scale up capacity in carbon removal we need allocation of capital into projects aiming to deliver negative emissions. Offtake agreements play a crucial role at this stage of the market development to support funding and demand signaling. The partnership between Puro.earth, SEB and Standard Chartered represents an important step to support increased investments into early-stage carbon removal projects.”  

Chris Leeds, Head, Carbon Market Development, at Standard Chartered, said, “We need every tool in the toolbox to help accelerate efforts to achieve net zero. Investment in emissions reductions and avoidance beyond company value chains are crucial but we also need to invest in carbon dioxide removal technology today, that will scale tomorrow and put the net in net-zero. We look forward to our continued work with Puro, Nasdaq and other partner companies, to support and scale this critical market.”  

Maximilian Brodin, Head of Commodities, at SEB, said, “The carbon dioxide removal market needs to scale to address the ongoing climate crisis. The partnership with Puro will support SEB in our strive to equip our clients with the necessary tools they need to deliver on their net-zero targets.”  

This partnership represents a significant step forward in creating a more transparent and accessible CDR market. Together, we’re empowering corporations worldwide to achieve their carbon net-zero goals.  
 
Are you ready to include carbon removal in your climate actions? Start here.