Other Partnerships

Partner Overview:

Mozban is a cattle operation in Vilanculos, Mozambique. They hold a 49-year lease on 30,960 hectares of forestland in the great central African Miombo. The Miombo is a region of tropical and subtropical grasslands, savannas and shrublands. The area has lost 56,000 hectares of tree cover between 2001 and 2021 as a result of unsustainable, small-scale farming. The area is primed to become a large-scale conservation project.

The project will involve the conservation of a large and threatened endemic forest area. It will generate carbon credits by reducing emissions from deforestation and forest degradation (REDD+) on land that would otherwise face deforestation and degradation. A third-party pre-feasibility study has already been conducted, estimating mitigation of 0.9-1.9 million tonnes of CO2 (and generation of the equivalent number of credits) over 20 years. This value is pending the actual amount of approved conversion by Verra. Additional studies on agroforestry alternatives including macadamia, mango and cashew, and the avoidance of forest degradation of native trees are ongoing.

Mozambique has 40 million hectares of forest vulnerable to alarmingly high rates of deforestation, providing ample opportunity for expansion of this partnership.

Highlights:

• The conservation of this pristine forest area through our partnership will not only help combat climate change but will also have a positive net impact on local biodiversity, allowing local terrestrial wildlife to thrive.
• Community programs have already been implemented by Mozban, positively impacting local livelihoods. These have included drilling water boreholes with solar submersible pumps, building schools, and providing local employment opportunities. Following Key Carbon’s investment, further community programs will be developed.

Partner Overview

Big Blue is a non-profit organisation on a mission to keep coastlines clean and protect marine wildlife, running thousands of ocean clean-ups in over 100 countries every year. They provide a variety of services dedicated to ocean conservation including:

• Supporting ocean plastic clean-up teams with equipment, logistics and on-the-ground support
• Educating and raising awareness about the importance of clean and healthy oceans for sustaining life on earth, including free open-source materials
• Conducting scientific research and technological development dedicated to resolving ocean clean-ups effectively

Highlights

Big Blue is creating new Marine Nature Reserves (MNRs) around the world including the British Isles. The first rewilding MNR will be in Scotland, enabling nature, marine mammals, and seabirds to thrive.

Key Carbon will work with Big Blue to assess the establishment and conservation of the MNR and co-develop new carbon sequestration projects in these coastal and marine ecosystems.

Key Carbon will also be given the Right of First Refusal to finance all blue carbon projects identified and managed by Big Blue, in the United Kingdom initially.

Partner Overview

The Sturgeon Refinery is the first refinery built in Canada in over 35 years and is unique in being designed with a carbon capture solution from the outset.

Production commenced in 2017, with phase one designed to process ~79,000 barrels of diluted bitumen per day. End products include low-carbon ultra-low sulphur diesel, vacuum gas oil, diluent, and natural gas liquids.

The refinery uses gasification to convert the heavy bottoms (a substantial waste product of bitumen) into both the hydrogen required for refinery operations and a pure, dry CO₂ stream, thereby eliminating ~70% of the refinery’s total CO₂ footprint.

Highlights

The CO₂ captured from the refinery is then sold to third parties for enhanced oil recovery and permanent storage. It also serves as an anchor supply to the Alberta Carbon Trunk Line, the largest carbon capture, transportation, utilization, and storage system in the world, exclusively using captured industrial CO₂.

Key Carbon owns 2.68% of the royalty for the CO₂ captured from the Sturgeon refinery.