Published by Todd Bush on October 4, 2023
Projects on the platform ensure at least 1,000 years of permanence and independent validation.
SAN FRANCISCO, Oct. 3, 2023 /PRNewswire/ -- Climate technology startup Covalent announced today the first forward-crediting platform for carbon removal (CDR) projects that ensure at least 1,000 years of permanence, connecting innovators with new financing. The independent validation of forward credits accelerates early-stage CDR projects working to quickly scale climate change solutions. The announcement, made at Carbon Unbound Europe, launches a new era of trust for the carbon removal industry.
"This platform gives us the tools to make a real impact in the fight against climate change," said Covalent's CEO and Co-Founder Onur Eren. "By connecting CDR projects with project financing, Covalent accelerates the scaling of the carbon removal industry."
Following the launch, nearly 1 million forward carbon removal credits were issued on the platform by Carbon Limit, a Florida-based firm that creates CaptureCrete, a cement additive enabling concrete to actively absorb carbon dioxide (CO2).
"Covalent is taking bold steps to help early-stage CDR businesses, including mine," said Carbon Limit CEO Tim Sperry. "We are literally paving the way for more widespread, more effective carbon removal from one of the world's most pervasive sources of CO2, with the help of Covalent and its forward crediting platform."
Carbon Limit, the inaugural project on the Covalent platform, demonstrates Covalent's unified crediting framework, which will expand the number of CDR projects – from proof-of-concept to large-scale carbon sequestration – around the world. Additional projects being considered for the platform include direct air capture (DAC), enhanced weathering/CO2 mineralization and ocean alkalinity enhancement.
As a first-mover in the fast-growing carbon removal market, Covalent's Certification Standard – adopted by Bureau Veritas, a world-leader in independent testing, inspection and certification services – requires a minimum permanence of 1,000 years, limits carbon leakage to no more than 0.1 percent, and enforces remediation should it be needed. Credits are measured in metric tons of carbon dioxide-equivalent, enabling buyers to offset their own contribution to global warming.
"Climate change is not a legacy we wish to leave behind for future generations," said Covalent's COO and Co-Founder Göker Avci. "Our platform ensures intergenerational equity by finding ways to scale permanent CDR, and it can only be ensured by storing CO2 permanently."
SOURCE Covalent
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 💧 Blue Hydrogen Just Won 2025: 10x More Than Green ✈️ Houston American Energy Advances Development of Sustainable Aviation Fuel ⛏️ Max Power Expands Natural Hydrogen Discovery Po...
Inside This Issue ⚡ Google's Power Play: First CCS Deal Reshapes Energy 🌎 True North Carbon's Tamarack Project, Canada's Largest Single-Technology Direct Air Capture Deployment, Achieves First Cap...
Inside This Issue 💰 The $27/ton Question: What Makes a Carbon Removal Credit Worth 3x More? 🛢️ EPA Issues Three Class VI Permits to ExxonMobil in Jefferson County, Texas 🌍 UN Endorses First Articl...
BILBAO, Spain — H2SITE, the deep-tech start-up revolutionizing high-purity hydrogen production through cutting-edge palladium membrane technology, is scaling up its industrial presence with project...
CCS+ Initiative and Puro.earth Join Forces to Integrate Carbon Credit Methodologies and Scale CCS
Today, the CCS+ Initiative and Puro.earth (Puro), a leading standard and registry for durable carbon removal, announced that they have signed a Memorandum of Understanding (MoU). Through this strat...
October 27, 2025 Company to supply critical compression equipment for ammonia production and CO2 transportation, and a steam turbine-driven power generation generator technology Facility to produ...
BUFFALO, N.Y., Oct. 27, 2025 /PRNewswire/ -- Buffalo Biodiesel Inc., a leading recycler of used cooking oil (UCO) and a pioneer in renewable feedstock production, recently announced that it has suc...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.