SYNCRAFT teams up with Carbonfuture, Puro.earth and PYREG for more transparent CDR tracking

23. February 2024

SYNCRAFT teams up with Carbonfuture, Puro.earth and PYREG for more transparent CDR tracking

SYNCRAFT is partnering with Carbonfuture, Puro.earth and PYREG to utilize Carbon Dioxide Removal (CDR) data as a first step in scaling up CDR technologies. The partnership will provide real-time data tracking for carbon removal projects. This will increase accuracy and transparency in the monitoring and verification process and will allow CDR buyers and suppliers to make informed decisions and improve quality assurance.

As the carbon removal industry aims to scale to 10 Gt/year to meet the net-zero goals of the Paris Agreement, collaboration among key stakeholders is critical. This partnership is a unique example of an ecosystem coming together to provide complete transparency – from standard-setting to credit issuance – building trust at every step of the carbon removal process.

 

Puro.earth, Carbonfuture, PYREG and SYNCRAFT collaboration

  1. Earth, a standards and certification body, defines the data requirements for assessing the quality of CDR projects.
  2. SYNCRAFT and PYREG gather the data in their pyrolysis facilities.
  3. Carbonfuture processes the data so it can be used for certification and verification as well as by suppliers.
  4. earth uses the data for CDR certification.
  5. Carbonfuture sells CDR credits to companies reducing their carbon footprint.

 

Industry Leaders Collaborate on Building Trust Infrastructure for CDR with a shared vision of sustainable innovation

Hannes Junginger-Gestrich, CEO of Carbonfuture, states, "This alliance introduces a new era of transparency and efficiency in carbon removal tracking, harnessing the power of real-time IoT data to make the certification process faster and easier. It further strengthens our digital Trust Infrastructure for durable carbon removal by adding another layer of precision and efficiency in monitoring, reporting, and verification (MRV) of carbon removal projects and peace of mind for CDR buyers who buy carbon removal credits through our Marketplace."

Antti Vihavainen, CEO of Puro.earth, shares, "Puro.earth’s collaboration with Carbonfuture, PYREG, and SYNCRAFT is a step toward scaling CDR to climate-relevant levels. Through enabling frequent meter readings and automatic data transfer from suppliers to verifiers we move towards real-time monitoring and reporting, providing suppliers with earlier access to CORCs, and shattering the barriers of traditional annual issuances. Our commitment starts by setting high-quality standards so corporate buyers can purchase with trust and extends to driving commoditization and liquidity of durable CDR markets."

Jörg Dohna, CEO of PYREG, remarks, "Carbonfuture sets the highest standards in terms of transparency and thus gives all parties security in a reputable process. This is what our market and the carbon removal industry need in order to achieve our climate goals as quickly as possible. PYREG is thrilled to be taking part in this CDR tracking transparency initiative."

Marcel Huber, CEO of SYNCRAFT, concludes, "This partnership is a testament to our shared vision for sustainable innovation. We're excited to collaborate in setting new transparency benchmarks for carbon removal."

The lower image shows how Puro.earth, Carbonfuture, PYREG and SYNCRAFT collaborate