Purchase carbon credits from Charm Industrial Bio-oil
Putting oil back underground by converting biomass into bio-oil and injecting it deep underground for permanent storage
Accepted

Charm Industrial Bio-oil

Putting oil back underground by converting biomass into bio-oil and injecting it deep underground for permanent storage

7BDE
·
BiCRS
·
Removal
+11 more
Description
Read More

Technology and mechanism

BiCRS
Storing carbon present in biomass, which is organic material originating from living or recently living organisms.
Mechanism
Removal
Durability
Permanence: 1000+ years
The durability of this project is extremely high as a result of the technology used. Bio-oil, a carbon-rich liquid, is injected into the same rock formations that have stored crude oil and gas successfully for hundreds of millions of years.
Citation: Section 8 of Methodology

Ratings

A

7BDE

Credits from this project have a High likelihood of achieving a full tonne of CO2e avoidance or removal.

Provided on Feb 20, 2025. Read methodology

Charm Industrial Bio-oil

7BDE

BeZero Carbon Rating (BCR) and rating scale

The BCR expresses BeZero's opinion that a given carbon credit represents one tonne of CO2e avoided or removed. Making this assessment requires analysing the risks a project is exposed to and how they impact the carbon efficacy of the credits issued. The full details of how the BCR assessment is conducted can be found in the BCR methodology document.

The multi stage process of assessing a credit's carbon efficacy culminates in an analytical view of the likelihood it achieves a tonne of carbon avoided and/or removed. This view is expressed through the rating definition, i.e. the range of likelihoods assigned, and reflected in the rating scale.

The BeZero Carbon Rating follows a robust analytical framework involving detailed assessment of six critical risk factors affecting the quality of credits issues by the project.

Additionality

Additionality is risk that a credit purchased and retired does not lead to a tonne of CO2e being avoided or sequestered that would not have otherwise happened.

Additionality is weighted at 50% for determining the final BeZero rating.

Over-crediting

Over-crediting is risk that more credits than tonnes of CO2e achieved are issued by a given project due to factors such as unrealistic baseline assumptions.

Over-crediting is weighted at 20% for determining the final BeZero rating.

Leakage

Leakage is risk that emissions avoided or removed by a project are pushed outside the project boundary.

Leakage is weighted at 10% for determining the final BeZero rating.

Permanence

Permanence is risk that the carbon avoided or removed by the project will not remain so for the time committed.

Permanence is weighted at 10% for determining the final BeZero rating.

Political Environment

Political Environment is risk that the policy environment undermines the project's carbon effectiveness.

Political Environment is weighted at 5% for determining the final BeZero rating.

Perverse Incentives

Perverse Incentives is risk that benefits from a project, such as offset revenues, incentivise behaviour that reduces the effectiveness.

Perverse Incentives is weighted at 5% for determining the final BeZero rating.

You can learn more about the BeZero rating scale on the BeZero website.

Project details

Emissions reduced or carbon removed on an annual basis
50,000 tonnes
How the project approaches risk of reversal
The project is exposed to minimal reversal risk. Based on the present understanding, projects applicable to this protocol are categorized as having a Very Low Risk Level of Reversal according to the Isometric Standard Risk Assessment Questionnaire. For bio-oil stored in salt caverns, it is because salt caverns are impermeable (and thus act like a closed system). There should be no reversals unless there is a loss of cavern or well integrity, and this technology does not yet have a documented history of reversals. A 2% buffer pool will be set aside as a precaution against CO₂ or CH4 gas release or C release during brine displacement. For bio-oil stored in permeable reservoirs, there should be no reversals unless there is a loss of caprock or well integrity, and this technology does not yet have a documented history of reversals. However, there is a risk of methane production within the reservoir. A 5% buffer pool will be set aside as a precaution against CO₂ or CH4 gas released. This reversal risk will be reassessed when new scientific research and understanding arises. Reversals will be accounted for by projects and the Isometric Registry as detailed in Section 5.6 of the Isometric Standard.
What actions would be taken by the project developer if anticipated emissions reductions do not take place, or if carbon removal is reversed in the future?
In the event of a potential reversal, the project's buffer account allocation acts as a safety measure to cover the potential loss of carbon credits. A 2-5% buffer pool according to the Isometric protocol is set aside, depending on where the bio-oil is stored.
What calculation methods are used to independently reproduce and verify the carbon impact of the project?
Please refer to Section 7 in the methodology document.
Citation: Methodology
United Nations Sustainable Development Goals
Zero Hunger
End hunger, achieve food security and improved nutrition and promote sustainable agriculture
Affordable and Clean Energy
Ensure access to affordable, reliable, sustainable and modern energy for all
Decent Work and Economic Growth
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
Industry, Innovation and Infrastructure
Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation
Reduce Inequality
Reduce inequality within and among countries
Responsible Consumption and Production
Ensure sustainable consumption and production patterns
Climate Action
Take urgent action to combat climate change and its impacts

Project certifications

Patch requires projects to have methodology, design, and outcomes verified by an approved third party. Learn more here.

Certifier

Isometric

Standard

Isometric

Registry ID

7BDE

Crediting period term

Mar 12, 2024 - Mar 12, 2029

Project methodology

Bio-oil Geological Storage | Version 1.1

Updated Sep 13, 2024

Project design document (PDD)

PDD: Charm Industrial Bio-oil

Updated May 30, 2024

Current verifier of project outcomes

Futurepast Inc.
Kansas, United States
BiCRS
Meets Isometric standards
$701.50 per tonne
$10
$25
$100
Custom
$10.00
14.255kg of CO2e removal