Standard Chartered Bank and financial services group SEB have expanded their partnership with Puro.earth in a bid to increase liquidity in the carbon dioxide (CO2) removal market.
The move will boost the production of CO2 Removal Certificates (CORCs), empowering corporations to achieve their carbon Net Zero targets, according to a statement.
Under the terms, Standard Chartered Bank and SEB will act as intermediaries facilitating offtake agreements of Puro Standard-certified carbon removal credits to their clients.
Puro.earth will provide its methodologies and certification framework, ensuring all CDR projects meet the highest standards in carbon accounting, social and environmental safeguards, and permanence.
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