TSX:NPK - Post Discussion
Post by
Benedictus on Dec 08, 2023 12:48am
Frontier Carbon Removal Fund Makes $57M Bet on Crushed Rocks
This deal values future CO2 capture at $370/t from 2024 - 2028, enabling this tiny upstart to completely scale up their ERW operation. Compare that to Verde's current production capacity using their recently estimated CORC's of 20,935 for 323Kt product delivered YTD. Verde's annual production capacity of 3Mt equates to 194K CORC's per year, meaning just one year of full production could theoretically net Verde $72M if a similar deal were closed. During these daily slow bleed doldrums it's rewarding to consider the enormous potential with this one!
https://www.bnnbloomberg.ca/frontier-carbon-removal-fund-makes-57-million-bet-on-crushed-rocks-1.2008533
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