Transaction

Rubicon Carbon - ByteDance purchase (Rubicon Carbon Tonne)

Terms

Not ranked: Offtake, therefore not eligible for carbon financing league table
Announced: 25 Jun 2025
Instrument: Offtake
Amount: 100,000 tCO2eNo cash value disclosed
Source: rubiconcarbon.com

Pathway: Portfolio / mixed
Project type as recorded: Mixed portfolio: nature-based, super pollutant elimination and carbon removal

: ByteDance purchased more than 100,000 Rubicon Carbon Tonnes, Rubicon's flagship product, described by Rubicon as actively managed portfolios of carbon credits spanning nature-based projects, super pollutant elimination and carbon removal. Rubicon's release states that ByteDance secured access to premium credits at today's prices, reducing exposure to future cost spikes. No contract value is disclosed in the release. Recorded, not ranked: no source states that capital moved before the credits did, and silence on payment timing means it does not rank. Every party is an offtaker, so the parties carry Credit = Buyer and Party class = Infrastructure and none is a capital provider.

: A purchase of a managed portfolio rather than of a project's credits, which is a different product from everything else on this page: the buyer takes exposure to a basket that Rubicon actively manages rather than to one developer's delivery. The stated reason for buying is price certainty rather than retirement timing, which is the clearest signal in the dataset that corporates are beginning to treat credits as a forward cost to hedge.

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