Standard Chartered Bank and SEB Partner with Puro.earth to Unlock Liquidity in the
Carbon Dioxide Removal Market and Drive CORC Production for Corporate Net-Zero Goals.
Leading financial institutions Standard Chartered Bank and SEB, both long-standing supporters of the Puro.earth carbon removal ecosystem, are excited to announce an expanded partnership with Puro.earth. This collaboration aims to increase liquidity within the Carbon Dioxide Removal (CDR) market and boost the production of CO2 Removal Certificates (CORCs), empowering corporations to achieve their carbon net-zero targets.
Under the terms of the partnership, Standard Chartered Bank and SEB will act as intermediaries
facilitating offtake agreements of high-quality, Puro Standard-certified carbon removal credits
to their clients. Puro.earth will provide its rigorous methodologies and certification framework,
ensuring that all CDR projects meet the highest standards in carbon accounting, social and
environmental safeguards, and permanence.
Fredrik Ekström, Head of Carbon Markets at Nasdaq, and Chairman of Puro.earth, said,
“To scale up capacity in carbon removal we need allocation of capital into projects aiming to deliver
negative emissions. Offtake agreements play a crucial role at this stage of the market development to support funding and demand signaling. The partnership between Puro.earth, SEB and Standard Chartered represents an important step to support increased investments
into early-stage carbon removal projects.”
