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Transaction

Exaquest Carbon - CIEIF environmental impact assessment grant (2024-07)

Terms

Announced
11 Jul 2024
Instrument
Grants
Amount
US$0.07m
Source
cieif.org

Parties

Project developer
Exaquest Carbon
Recipient type
Grant recipient
Country
United States
Capital providers
Capital providers and the amount counted for each
PartyRoleAmountBasis
Climate Intervention Environmental Impact FundGrantorUS$0.07mDisclosed

Carbon

Pathway
Bio-oil / biomass burial

What happened

Climate Intervention Environmental Impact Fund grant (Second round, 11 Jul 2024) to Exaquest Carbon for an environmental impact assessment linked to carbon removal work: BioSink: sinking waste wood to the deep seafloor. CIEIF wording: "CIEIF's grant will allow Exaquest to conduct a detailed predictive EIA".

Kumo note

- Small non-dilutive grant funding independent environmental impact assessment ahead of field deployment.

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