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CLEAN REFINERIES, INC.

CARBON CREDITS SOLUTIONS

CRI's innovative patented "green" method for hydrocarbon separation not only produces high-value products surpassing existing regulations but also achieves a genuine "net zero emissions" outcome. This approach generates high-value carbon credits.

One of the ways CRI contributes to a greener, cleaner future is by generating carbon credits. These credits represent our efforts to reduce greenhouse gas emissions beyond regulatory requirements. By selling these credits, we not only offset our own carbon footprint but also empower other industries to meet their emission reduction targets. Carbon credits allow those that cannot easily reduce emissions to still be able to operate, although at a higher financial cost.

 

Carbon credits, when utilized effectively, form a crucial component of an entity's (e.g. country, state, company or individual) broader strategy to attain net zero emissions. This comprehensive approach includes avoidance, reduction, and offsetting measures. Priority lies in emission avoidance, followed by diligent efforts to reduce greenhouse gas emissions wherever feasible. Finally, in instances where immediate reduction isn't feasible, high-quality carbon credits have become instrumental in offsetting the residual emissions.

 

This approach benefits all parties involved, with the greatest impact being on the environment itself. We offer a significant opportunity for oil and gas producers to actively contribute to climate action and sustainability efforts.  

CRI'S CARBON CREDIT CALCULATIONS & SUMMARY

Assumptions: 

  • CO2 value per barrel of oil (EPA 2023) - 0.43 metric tons per barrel

  • Mid point value per metric ton (MIT climate group) - $72.50/metric ton

  • Days of plant operation per year - 365 days

MIT Climate Group Carbon Credit Value ($) generated per year

($85 sequestration and $60 enhanced oil recovery)

  • Low point value - $60 per metric ton

  • High point value - $85 per metric ton

  • Mid point value - $72.50 per metric ton*

       *taken between the high and low point value

          

Values for these calculations were taken from the following sources: 

The following article is from NAPE Magazine's 2024 Winter Issue. This magazine is tailored for energy professionals and includes articles from executives, landmen, geologists, engineers, geophysicists and financiers from independent O&G companies large and small, the majors and international players.

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