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Press Release

Patch Integrates With Puro Registry to Create Digital Efficiencies for Carbon Removal Providers

Published by Todd Bush on October 24, 2023

Patch CarbonOS becomes the first credit management software with direct registry integration

SAN FRANCISCO--(BUSINESS WIRE)--Patch, the infrastructure for the carbon market of the future, has partnered with Puro.earth, the world’s leading carbon crediting platform for engineered carbon removal, to integrate the Puro Registry into Patch’s marketplace and credit management software using the Puro Connect API. Through this partnership, Patch has become the first carbon credit management software to directly integrate a major external registry into their services, ultimately facilitating greater digital efficiency and rigor for those selling within the voluntary carbon market.

Patch CarbonOS credit management system, which currently services over 400M tonnes of CO2, replaces the disparate systems and spreadsheets that suppliers today use to run their businesses, and unifies all critical credit data into one automated platform shared across operations, sales, fulfillment, and finance teams. Partnerships like the one with Puro.earth ensure CarbonOS works seamlessly with other critical systems suppliers need.

“Together, Puro.earth and Patch are making it easier for project developers to grow their reach and scale with integrity,” said Brennan Spellacy, Patch CEO and Co-founder. “With the integration of the Puro Connect API, Patch’s CarbonOS users will now have the unique ability to scale sales of their CORCs through the Patch marketplace, while marketplace buyers will be able to see real-time CORC availability from Puro.earth-listed suppliers and sync purchases and retirements within one system.”

Puro.earth project developers can now choose to use the CarbonOS platform to consistently track their inventory across teams and sync their issuances and deliveries to and from Puro.earth — all within CarbonOS. When it’s time to deliver credits, Puro.earth suppliers will see all of the relevant retirement or transfer details within CarbonOS and can execute the delivery straight from there, while the delivery will be completed and recorded by Puro.earth. This process helps automate the purchasing and tracking process, helping reduce critical errors and build capacity for climate solutions providers.

Puro.earth project developers now have streamlined access to Patch's buyer network, meaning more buyers can now access Puro.earth's CO2 Removal Certificates (CORCs). “Through the integration of the Puro Connect API and Patch's platform and credit management software, instant access to information increases efficiency. Efficiency is vital for scaling the carbon markets,” said Antti Vihavainen, CEO of Puro.earth.

About Puro.Earth: Nasdaq-backed Puro.earth is the world's leading carbon crediting platform for engineered carbon removal. Its mission is to mobilize the economy to reward carbon net-negative emissions by helping voluntary corporate buyers accelerate carbon dioxide removal at an industrial global scale. Puro Standard creates carbon credit methodologies for processes that remove carbon dioxide from the atmosphere for at least 100 years. It then certifies suppliers that run those processes and issues digital, tradable CO2 Removal Certificates (CORCs) into the public Puro Registry per metric ton of carbon dioxide removed. CORCs are purchased directly from suppliers or via sales channel partners by ambitious corporations like Microsoft, Shopify, and Zurich Insurance, to help reverse climate change and neutralize residual carbon emissions. Puro Accelerate is a program to scale the carbon removal ecosystem, assisting suppliers who require financing to launch or expand operations through CORC advance market commitments and prepayments. Website: puro.earth; LinkedIn Puro.earth; Twitter @PuroCO2Removal For Puro.earth media enquiries, please email: [email protected]

About Patch

Patch is the infrastructure powering the carbon market of the future. Patch software brings together corporate buyers, project developers, financiers, and policymakers to increase transparency and modernize climate action. Companies like Credit Suisse, Bain & Company, and Aviva use Patch to access the broadest network of vetted carbon credits available through direct purchases, multi-year offtake agreements, and digital transactions through an API. With over 400 million tonnes of carbon actively managed on Patch, project developers also look to Patch to streamline operations and scale their impact. To help rebalance the planet, visit patch.io.

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