Bolivia’s Exomad Green, Microsoft Enter Into Landmark Carbon Credit Agreement
The largest-ever carbon removal deal involving biochar, marking a major milestone in the carbon removal market, turns sustainable forestry residues from Bolivia’s Exomad Green SRL into credits purchased by Microsoft. The long-term contract involves the verified removal of 1.24 million tons of carbon dioxide over the next decade and is recognized as the largest-ever carbon removal deal involving biochar to date.
This agreement establishes biochar as a scalable solution for carbon credit procurement, and serves as a viable path toward corporate net-zero commitments.
This transaction was handled by Lawson Huck Gonzalez, PLLC (Lawson) partner Harold “Ed” Patricoff, Jr., an authority in climate and energy transition law. His move marks a significant step in the firm’s expansion into cross-border and climate-related transactions, with the firm now having five offices across Florida.
“This agreement reflects a new era of climate accountability,” explains Patricoff. “Exomad Green has demonstrated how scalable innovation can deliver credible, science-backed carbon removal. And Microsoft’s decision to contract for these removals sets an important precedent for corporate climate strategies grounded in integrity and impact.”
Latest news
Pinnacle Renewable Energy and Drax Biomass Combine, Rebrand to Drax
Sustainable biomass pellet producer Pinnacle Renewable Energy Inc. and Drax Group’s U.S. pellet business, Drax Biomass Inc., are rebranding as Drax in a move that supports the Group’s growth strategy, climate goals and relationships with…
Valmet To Supply Automation System To Turun Seudun Energiantuotanto
Valmet will supply a Valmet DNA automation system to Turun Seudun Energiantuotanto’s biomass-fired heating plant in Oriketo, Finland—with delivery to be completed by October 2022. The new system will replace an existing automation system that…
WoodBio Show 2022 Coming In Hot
The newly released agenda for the Wood Bioenergy Conference & Expo features 12 keynote talks over the two-day event, covering everything from the state of the industrial wood pellets industry and its leading producers to…
Peak Renewables Hires Scott Bax
Peak Renewables Ltd., an emerging, innovative, opportunity-driven company focused on growing the forest economy with sustainably sourced and renewable energy products, is pleased to announce that Scott Bax has been appointed as Chief Executive Officer,…
Find Us On Social
Subscribe to Our Newsletter
Wood Bioenergy News Online hits the inboxes of subscribers in the wood-to-energy sectors.
Subscribe/Renew
Wood Bioenergy is published and delivered worldwide 6 times per year. Free to qualified readers in the U.S. Subscribers outside the U.S. are asked to pay a small fee.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.