RTE worked with clean energy advisory firm EcoEngineers to successfully register its project under the Puro Standard, the world's leading crediting platform for engineered carbon removal. The carbon dioxide removal (CDR) credits are generated through bioenergy with carbon capture and storage (BECCS) from ethanol production in compliance with
RTE sequesters CO2 from the fermentation process at its ethanol plant into a permitted underground Class VI well located approximately 6,500 feet directly beneath its facility. This carbon removal will be available as CORCs to help buyers complement their emission reduction activities in pursuit of net-zero targets.
'We have not only achieved a groundbreaking milestone as one of the first bioenergy facilities with BECCS but have also emerged as pioneers in bringing verified CDR credits to the market,' said
Through Puro.earth and with EcoEngineers' guidance, RTE was issued more than 150,000 CO2 Removal Certificates from the first 14 months of BECCS operation.
'Engineered carbon removal is in its infancy and there are a great many risks for project developers. The need for high-quality removals programs, such as RTE, is undisputed in the context of our overrun global carbon budgets and the imperative to reduce carbon emissions,' says
The Puro.earth-issued CORCs indicate 1,000-plus years of carbon sequestration durability, which provides the key environmental criteria of permanence. For traceability and transparency, CORCs are listed in the
RTE is a 64 million-gallon-per-year corn ethanol production facility that captures and stores biogenic CO2 from its ethanol fermentation process. The first facility permitted under state primacy to capture and store CO2 in a Class VI well, with an estimated annual output of 180,000 tons. RTE captures the biogenic CO2, which would otherwise be vented into the atmosphere, and injects it for permanent storage into an underground Class VI well beneath its facility. RTE has continuous efforts in place to ensure that the fossil footprint of their main product, biofuel, is reduced through energy efficiency measures and reasonable agricultural practices.
CORCs generated in accordance with rigorous scientific and market requirements, including additionality and permanence, may supplement other incentives. RTE made an additional investment in first of its kind application of proven technology infrastructure to capture and inject the CO2 considering future revenue from carbon removal credits. CO2 Removal Certificate sales in voluntary markets are necessary to support building out CCS projects while reducing carbon removal project financial risks.
About
About Puro.earth
Nasdaq-backed Puro.earth is the world's leading carbon crediting platform for engineered carbon removal. Its mission is to mobilize the economy to reward carbon net-negative emissions by helping voluntary corporate buyers accelerate carbon dioxide removal at an industrial global scale. Puro Standard creates carbon credit methodologies for processes that remove carbon dioxide from the atmosphere for at least 100 years. It then certifies suppliers that run those processes and issues digital, tradable CO2 Removal Certificates (CORCs) into the public Puro Registry per metric ton of carbon dioxide removed. CORCs are purchased in the voluntary carbon market directly from suppliers or via sales channel partners by ambitious corporations like Microsoft, Shopify, and
About EcoEngineers
EcoEngineers is a consulting, auditing, and advisory firm with an exclusive focus on the energy transition. From innovation to impact, Eco helps its clients navigate the disruption caused by carbon emissions and climate change. Eco helps organizations stay informed, measure emissions, make investment decisions, maintain compliance, and manage data through the lens of carbon accounting. Its team of engineers, scientists, auditors, consultants, and researchers live and work at the intersection of low-carbon fuel policy, innovative technologies, and the carbon marketplace. Eco was established in 2009 to steer low- carbon fuel producers through the complexities of emerging energy regulations in
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For Puro.earth
puro@gongcommunications.com
+44 7904304983
For EcoEngineers
marys@astorystore.com
312.218.4508
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