On the one hand, it was crucial that removal projects were certified with a renowned standard to ensure externally that the promised effect would take place. On the other, the supply of certified removal credits was low and expected to be scarce for the years to come. Therefore, the company wanted to build long-term relationships with leading project originators to secure supply on a monthly basis throughout the subsequent years.
After onboarding, CEEZER unlocked access to the global supply of removals and the possibility to filter for predetermined project metrics and requirements. With full volume and price visibility on the global supply, the team quickly narrowed down a suitable range of projects and technologies.
Using on-platform negotiations and the help of CEEZER’s portfolio team, a recurring monthly offtake agreement at a predetermined price and volume was set up on CEEZER. In addition to traditional credits that were bought on spot every month, the buyer now supported a Biochar project for the long-term, certified by the renowned removal standard Puro.Earth. Next to carbon removal and storage over centuries, the project offered numerous co-benefits, including increased soil fertility, habitat building for endangered wildlife, and job creation in the local community.
As a result, the company was able to launch their removal journey along-side existing high-volume compensation. Curbing price and supply risks from the get go enabled them to build relationships with leading suppliers early.