Bitkub Partners with Kathi Zero to Launch Carbon Credit Tokenization, Paving the Way to Green Economy Assets

Cowboy Clean Fuels announced its first carbon removal credit sale, part of a Salesforce-backed purchase through Milkywire, with delivery in 2026. The Wyoming-based climate-tech company said the sale marks its entry into the durable carbon removal market, adding CDR credit sales alongside its carbon-neutral renewable natural gas business. Cowboy Clean Fuels operates a biomass carbon removal and storage pathway in Wyoming's Powder River Basin, injecting agricultural processing residues into depleted coalbed methane reservoirs where microorganisms generate renewable natural gas while carbon dioxide is permanently absorbed onto coal surfaces, with permanence of more than 100 years. The purchases are part of Salesforce's pledge to contract USD 100 million in durable carbon removal by 2030. Milkywire has facilitated purchases of more than $12 million of durable carbon removal across 45+ projects in more than 20 countries.

The SEC has unveiled a roadmap to unlock Thailand's capital market toward a green economy, by upgrading ESG and ISSB data and using the Thailand Taxonomy as a compass for its operations. The roadmap covers financial instruments including Green Bonds, Transition Bonds, SRI Funds and carbon mechanisms, to support the flow of capital into a sustainable economy.

PTT, together with Krungthai Bank and PTT International Trading Pte Ltd, is expanding their collaboration on ESG Financial Solutions through the development of Carbon Credit Linked Derivatives, a financial innovation that brings carbon credits to offer businesses additional options for managing financial risk alongside reducing greenhouse gas emissions. The collaboration supports the World Bank Group's Low Carbon Cities and Carbon Market Development Project. Under the partnership, Krungthai Bank brings its expertise in money and capital markets to develop financial instruments, PTT contributes knowledge on sustainable business operations and the transition to a low-carbon economy, while PTTT supports the sourcing of quality carbon credits recognised internationally. This integration of expertise links the financial sector, the energy sector, and the carbon market to lay the foundation for Thailand's Carbon Finance Ecosystem and to support long-term Net Zero goals.

Agoro Carbon has issued its first carbon credits to its U.S. cropland and pastureland projects, marking the first credit delivery under its 12-year agreement to deliver 2.6 million carbon removal credits to Microsoft, one of the largest soil-based carbon removals commitments in the market. The credits, covering the 2021 and 2022 vintages, were issued after Verra's validation and verification of two projects, VCS 3634 for cropland and VCS 3656 for pastureland, both registered under the VM0042 Improved Agricultural Land Management methodology, v2. Agoro Carbon's program spans 34 U.S. states and includes more than 600 enrolled producers across 2.5 million acres, with annual issuances planned through 2037 and supply beyond the Microsoft agreement available to other corporate buyers. The company has already paid more than $30 million in prepayments to help farmers and ranchers transition to regenerative agriculture, and its sampling program has achieved an average margin of error of 7.06% at 90% confidence from more than 500 growers' data. Agoro Carbon plans to move to Verra's VM0042 v3 methodology once it is published, expected in early 2027, to support Core Carbon Principles eligibility for future issuances.

Relae, formerly Carbon Direct, released the sixth edition of its Criteria for High-Quality Carbon Dioxide Removal in collaboration with Microsoft, adding a delivery risk framework to its quality benchmarks for the first time. First published in 2021 and updated annually since, the Criteria define both a quality floor and an aspirational standard for carbon removal projects. The new delivery risk appendix evaluates open-system and closed-system projects separately using the TECOP framework, covering technical, economic, commercial, organizational, and political factors. The edition also updates quality expectations across six essential principles and pathway-specific criteria for nine pathways, adding direct counterparties, greater rigor for enhanced rock weathering projects, and dynamic baselines for afforestation, reforestation, and revegetation projects. Relae said it will continue refining the Criteria with Microsoft as the science and market evolve.

ExxonMobil is building an end-to-end carbon capture and storage business spanning CO2 capture, transportation and storage, anchored in the U.S. Gulf Coast, which accounts for about one-third of U.S. industrial CO2 emissions. The company estimates its Gulf Coast pipeline network can eventually handle up to 100 million metric tons of captured CO2 annually once fully developed, and it already has agreements to transport and store about 9 million metric tons of CO2 per year for industrial customers. ExxonMobil is expanding its CCS customer base through work with Linde, Nucor, Lake Charles Methanol II and AtmosClear, and its plans gained momentum after Texas regulators approved the Rose carbon capture and storage project, designed to store about 53 million metric tons of customers' CO2 in underground wells in Jefferson County, TX. ExxonMobil expects energy-related CO2 emissions to decline to roughly 30 billion metric tons by 2050 from 36 billion metric tons in 2025, while global CCS is projected to grow from about 30 million metric tons of CO2 in 2025 to 2,000 million metric tons by 2050, short of the roughly 7,000 million metric tons needed to meet global climate goals. Separately, Occidental Petroleum is advancing carbon capture through its low-carbon ventures business, with its STRATOS direct-air-capture project expected to complete commissioning around the end of 2026 and begin operations in 2027, and about $400 million in low-carbon ventures capital spending rolling off beginning next year, while Baker Hughes is broadening its carbon-capture capabilities through its acquisition of Chart Industries.