Transaction

Captura - Frontier pre-purchase (Stripe Climate)

Terms

Announced: 15 Dec 2022
Instrument: Debt · Pre-purchaseCredits paid for before they are delivered, which finances the project.
Amount: US$0.33m
Source: frontierclimate.com

Project developer: Captura
Recipient type: Technology company
Country: United States (Pasadena, CA)
Capital providers: Capital providers and the amount counted for each
Party Role Amount Basis
Stripe Climate Pre-purchaser US$0.33m Disclosed
Buyers: Frontier (coalition)
Shopify

Capital providers and the amount counted for each
Party	Role	Amount	Basis
Stripe Climate	Pre-purchaser	US$0.33m	Disclosed

Pathway: Ocean alkalinity / marine CDR
Project type as recorded: Marine / ocean CDR - electrochemical Direct Ocean Capture (bipolar membrane electrodialysis)

: Captura's first carbon removal pre-purchase, through Frontier's Fall 2022 purchases, paid up front by Stripe Climate (US$333,333 per Frontier's published purchase agreement,). Shopify also bought through the same round.

: A pre-purchase paid before any tonnes were delivered, made through Frontier with Stripe Climate as the paying buyer.

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