Vaulted Deep Delivers First Tonnes to Frontier Buyers within Just Four Months of Signing Offtake Agreement

In its first year of operation, Vaulted Deep has issued over 5,000 tonnes of durable carbon removal, including to Frontier buyers, marking an industry first in monthly deliveries against large offtake agreements.

HOUSTON, Oct. 2, 2024 /PRNewswire/ — Vaulted Deep ("Vaulted"), a biomass carbon removal and storage (BiCRS) carbon dioxide removal (CDR) company, announced today that it has delivered the first batch of tonnes in its offtake agreement with Frontier, kickstarting Vaulted's monthly, third-party verified deliveries. Vaulted has rapidly deployed high-quality CDR since its launch in September 2023, surpassing 5,000 tonnes removed to date.

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In May 2024, Frontier announced that it had facilitated a $58.3 million offtake agreement with Vaulted Deep to permanently remove 152,480 tonnes of CO₂ between 2024 and 2027. This marks the first delivery of the multi-year agreement, signifying a major milestone in carbon removal.

"In just over a year, Vaulted delivered all of the tons from a small prepurchase and is now kicking off deliveries under our multi-year offtake agreement with Frontier buyers," said Hannah Bebbington, Head of Deployment at Frontier. "By tapping into existing industrial technology and expertise, they're deploying with the speed and volume needed to get carbon removal to gigaton scale."

Spun out of industrial waste management company, Advantek Waste Management Services, Vaulted intercepts a wide range of carbon-rich organic wastes—biosolids, agricultural and livestock waste, and paper mill sludge—permanently locking them underground before the carbon can re-enter the atmosphere. Frontier buyers were Vaulted's first customers in September 2023, purchasing 1,666 tonnes that have already been 3rd party audited and delivered.

"This delivery is the first of many, as we show our customers and the industry we can reliably remove meaningful amounts of carbon month after month," said Julia Reichelstein, CEO of Vaulted Deep. This consistent delivery reinforces Vaulted's commitment to ongoing, scalable carbon removal.

Vaulted launched with access to two permitted operational injection sites in Los Angeles County and Hutchinson, Kansas. These sites enable rapid deployment of permanent CDR, and the company is set to commission new wells at locations optimized for feedstock availability, transportation, and well capacity. Vaulted’s innovative approach starts with vegetation naturally drawing down CO₂ through photosynthesis, which ultimately results in carbon-rich organic waste, such as biosolids, manure, and agricultural waste. Instead of burning or landfilling this waste, Vaulted turns it into carbon-rich slurry and injects it into deep disposal wells for permanent geologic storage.

By processing a range of often pathogenic and contaminated organic wastes, Vaulted's CDR provides substantial co-benefits, including eliminating methane emissions, reducing water-borne illnesses, and preventing pollution that disproportionately affects marginalized communities. These co-benefits are a critical part of Vaulted’s mission to provide sustainable and equitable carbon removal solutions.

Vaulted's carbon removal credits are issued by CDR registry, Isometric, a scientifically rigorous registry committed to responsible and fast carbon removal. Isometric's dMRV system rapidly verifies carbon removal, supporting Vaulted's monthly deliveries and ensuring continuous credit issuance in days rather than months, a marked improvement over traditional crediting cycles.

As the CDR industry continues to expand, scalable and rapid carbon removal solutions are essential to achieving the United Nations' International Panel on Climate Change's goal of permanently removing at least five gigatons of carbon annually by 2050 to mitigate the worst impacts of climate change.

About Vaulted Deep

Vaulted Deep is a biomass carbon removal and storage (BiCRS) company focused on the geologic sequestration of organic wastes. Vaulted Deep's mission is to accelerate the earth's natural carbon removal process through its patented geologic slurry injection technology, contributing to the global fight against climate change. Vaulted Deep is backed by Advantek Waste Management Services, Lowercarbon Capital, Earthshot Ventures, and others. To learn more, visit www.vaulteddeep.com.

SOURCE Vaulted Deep