Kumo

Carbon Terminal

The first real comparables in carbon finance.

Benchmark any project against the market, on the reference data lenders and developers rely on to make investment decisions.

See the market

The median biochar project's cost to remove a tonne is $192. The most efficient do it under $140.

That is the all-in cost to produce. The implied carbon price, the breakeven a project needs after coproduct revenue, is closer to $112.

All-in cost distribution across biochar projects in the Kumo Terminal, shown as a box plot per cut with the interquartile range, median, and whiskers, ordered top to bottom: all biochar at a $192 median, then by region, Europe $590, North America $203, South Asia $192, Sub-Saharan Africa $168, Latin America $118, Southeast Asia $96

See the detail

Compare at project level.

For the first time, benchmark a carbon project against its relevant comparables in seconds, work that used to take weeks of bespoke analysis, if it was possible at all.

Every model is standardized against a detailed taxonomy, enabling like-for-like project comparison across revenue, costs, returns and operational metrics. It also flags outliers, showing where a project is market leading and where it is market lagging.

What the data unlocks

One data set to serve the whole market.

Returns in the Kumo Terminal: an unlevered project IRR of 20.8%, an NPV of $15.85 per tCO2, and a 4.0 year payback period, each on its own scale against the comparison set

For financiers

Allows capital providers to conduct diligence on real financial comparison sets, not just a consultant report commissioned per deal.

Offtake price in the Kumo Terminal: a $129 median across signed biochar offtake agreements, lower quartile $68, upper quartile $310, over the distribution the median sits in

For buyers

An independent read on price and project economics, and whether the offtake will be financed to delivery.

A project's benchmark summary in the Kumo Terminal: revenue higher than 82% of biochar projects, costs higher than 95%, and returns below the median, each placed against the biochar comparables

For projects

Analyzing your own data lets projects see where they are outliers and be upfront in addressing investor diligence.

The largest standardized financial dataset in biochar carbon removal.

Alongside ARR, ERW, and clean cooking.

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