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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
Charm Industrial Bio-oil
Charm Industrial Bio-oil
Putting oil back underground by converting biomass into bio-oil and injecting it deep underground for permanent storage
Description
Charm Industrial has created a novel process for preparing and injecting bio-oil into geologic storage. Bio-oil is produced from biomass and maintains much of the carbon that was captured naturally by the plants. By injecting it into secure geologic storage, they’re making the carbon storage permanent.
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
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
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 diligence
Ratings
Kansas, United States
BiCRS
Meets Isometric standards
$701.50 per tonne
* This amount exceeds the purchase limit of 2000 tonnes.
* Amount does not meet the minimum purchase weight of 0.01t