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
Pellet Mill Planned For South Carolina
Effingham Pellets, a subsidiary of Charles Ingram Lumber Co., plans to invest $5.4 million to establish a wood pellet operation in Florence County, SC that will produce and supply wood pellets for export sale to Europe. “We are…
Enviva Reports On New Pellet Projects
Enviva reports that civil work continues at the new wood pellet production plant project in Lucedale, Miss. and at the new deep-water marine terminal in Pascagoula, Miss. Enviva expects the construction of the Lucedale plant and the Pacagoula terminal to be completed during mid-year 2021…
E-EUBCE 2020 Available Now
Despite the travel restrictions and the pandemic, the 28th European Biomass Conference and Exhibition continued in a virtual format. Over four days more than 1,550 experts from research, industry and institutions spread across 87 countries, contributed to the success of the first-ever fully virtual biomass conference and exhibition, providing more than 540 presentations and moderating a total of 65 webinar sessions…
Schmid Energy Joins Fink Machine
Fink Machine Inc., British Columbia-based supplier of wood chip and wood pellet boilers for commercial, institution and small industrial applications, has added Schmid Energy Solutions boilers…
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.