Decarbonized Onsite Power Northeast

Under Development

Project Operator: CarbonQuest, Inc.

Team: Shane Johnson, Brian Asparro, Anna Pavlova

Location: Staten Island

Onsite natural gas powered electricity source will be decarbonized by bolting on a Distributed Carbon Capture System™ to capture all the CO2 emissions from the power source. The recycled Sustainable CO2™ will then be sold locally to the food and bev market, resulting in reduced Scope 3 emissions for the CO2 buyer (a. no more long distance transport for 600-2000 miles, b. 100% of the CO2 recycled that is not commingled with virgin natural gas dome CO2 especially produced for the market).
Expected Annual Credit Quantity
15,000
Project's Financial Additionality
The proceeds of the sale of CO2 are another source of funds, however, by itself the proceeds will not be sufficient
Additionality
The carbon credit is key to making the project financially viable - it bridges the gap between the costs of the project and the revenue that is obtained from the sale of CO2 that is then shared with the emitter.
Expected Project FID
11/2024
Expected Credit Issuance Date
1/1/2026