New Carbon removal offtake agreement begins with Rothschild & Co
O.C.O Technology has announced a new three-year carbon-removal offtake agreement with Rothschild & Co. This partnership forms part of Rothschild & Co’s broader ambition to support durable, science-based climate solutions that contribute to the Group’s strategy to gradually increase the share of removals in its compensation portfolio to 100% in 2030.
O.C.O is a leader in Accelerated Carbonation Technology (ACT), a patented process that permanently stores CO2 by turning it into stable carbonate minerals. The technology speeds up natural mineralisation of waste materials, transforming CO2 and industrial residues into a carbon-negative aggregate used in construction. ACT locks away CO2 as solid minerals and produces high-quality, verified carbon removal credits. The process uses very little energy and creates useful circular economy products from waste that would otherwise go to landfill.
Under the offtake agreement, Rothschild & Co will purchase a set volume of verified carbon removal credits generated by O.C.O’s mineralisation process which supports both the expansion of existing production capacity and the development of future ACT and carbon-negative material facilities.
“The partnership reinforces Rothschild & Co’s long-term commitment to support and work with partners and innovators developing critical solutions for the energy transition, including high-integrity carbon removals that deliver measurable, verifiable climate benefits.”
Anne Imbach, Group Head of Sustainability at Rothschild & Co
Long-term partnerships such as this are underpinning O.C.O’s ability to grow it’s business both in the UK and globally. They demonstrate a developing maturity in the voluntary carbon market, with technology such as O.C.O’s perceived as a credible component in tackling emissions and combating climate change. The agreement was facilitated with the support of Patch.