Terms
- Not ranked
- Offtake, therefore not eligible for carbon financing league table
- Announced
- 5 Dec 2023
- Instrument
- Offtake
- Amount
- Undisclosed
- Source
- mombak.com
Parties
Carbon
- Pathway
- ARR (afforestation, reforestation, revegetation)
What happened
- Mombak signed an agreement to supply Microsoft with up to 1.5 million reforestation-based carbon removal credits, delivered by 2032, from native species reforestation of degraded pastureland in Para state in the Brazilian Amazon (Mombak announcement; ESG Today, 6 Dec 2023). The 1.5 million figure is a ceiling, so no volume is entered. No price is published by any source read and none is recorded. Payment timing is not stated, so under the offtake rule it does not rank.
Kumo note
- A large nature-based removal contract signed before Mombak had issued any credits, with delivery running to 2032. It is the earliest offtake on file for Mombak and predates the company's debt and its Series A.
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