Partanna’s Carbon Removal Project Receives Validation from the World's Largest Voluntary Carbon Registry, Verra
Nassau, The Bahamas: 11/19/2024 – Partanna Global, a climate technology company that has pioneered carbon-negative building materials, announced today that Verra, the NGO that sets the world’s leading standards for the voluntary carbon market, has registered the project ‘Using direct air capture to manufacture carbon negative concrete’, using the VM0043 Methodology under Verra’s Verified Carbon Standard (VCS) Program. This prestigious project validation makes Partanna one of only two concrete companies worldwide to achieve this status under Verra’s stringent standards, marking a significant milestone for the company.
Partanna’s patented, sustainable, alternative cement avoids the energy intensive and decarbonation production process used to produce Portland cement (OPC). The company’s climate technology entirely eliminates Portland cement, thereby avoiding CO₂ emissions associated with conventional cement production. Partanna utilizes brine and industry waste, both abundantly available.
For 200 years, OPC - the world’s most commonly used commodity after water - has lifted millions of people out of poverty. But due to the energy intensive production process needed to manufacture cement, it has become one of the world’s most destructive materials, generating 9% of the world’s CO2 emissions.
Concrete made with Partanna’s cement acts like a tree - it removes CO₂ from the atmosphere. Topwerk Group has previously endorsed Partanna’s materials as the number one green alternative to Portland cement. The dual approach of emissions reduction and active CO₂ capture allows Partanna materials to achieve true carbon negativity.
With Verra’s validation of the project, Partanna will make a profound impact on global carbon levels by avoiding and removing significant amounts of CO₂. Over the project’s current 10 year carbon crediting period, Partanna's carbon-negative concrete is expected to reduce and sequester an average of 644,000 tons of CO₂ per year, translating to over 6.4 million tons of CO₂ by 2032 – the equivalent of removing all emissions for a year from a small country such as Cyprus or Luxembourg.
Partanna intends to revolutionize the construction industry’s approach to emissions. By scaling its technology across global markets, Partanna’s goal is to remove a cumulative 1 billion tons of CO₂ from the atmosphere, enabling sustainable growth without compromizing climate targets.
Verra’s rigorous validation of the project underscores the effectiveness of Partanna's technology in removing and storing carbon. Partanna’s materials integrate seamlessly with current construction equipment, offering a “plug-and-play” solution that allows builders to adopt these advanced materials without requiring costly infrastructure changes. Partanna products and testing meet rigorous standards, such as ASTM and ACI, making them suitable for mainstream construction and highly resilient in extreme conditions. This durability is essential for projects in coastal regions and small island states, where climate resilience is critical.
Already active in the Caribbean, Partanna has a Heads of Agreement to deliver up to 1000 homes a year in the Bahamas using its carbon negative cement binder. Beyond reducing construction emissions, these homes are designed to withstand extreme weather conditions such as hurricanes, in a country on the front line of climate change. Additionally, Partanna’s cement becomes stronger in saltwater, providing extra durability in marine environments.
Rick Fox, Co-Founder and CEO of Partanna, said:
“As one of only two companies in the world to have secured Verra project validation and registration approval for Direct Air Capture and carbon removal in cement, this milestone is a major accomplishment for Partanna.
This is a clear demonstration that carbon credits in construction can be rock-solid. With our technology, we’re creating credits that are not only measurable and verifiable, but permanent. Our sustainable cement binder doesn’t just avoid emissions; it actively removes CO₂ from the atmosphere. Verra’s validation means companies and developers can trust our credits to make a real impact, and that’s exactly what the planet needs right now.”
About Partanna
Partanna Global, Inc. is an advanced materials company revolutionizing the construction industry through its development of sustainable building materials. Co-founded by NBA champion Rick Fox, Partanna emerged in response to the devastation caused by Hurricane Dorian in The Bahamas with a core mission to change the way the world builds.
Partanna has developed a sustainable alternative to Portland cement that eliminates the need for the energy-intensive clinkering process. This innovative solution permanently removes CO₂ from the atmosphere, making it carbon negative and environmentally beneficial – unlike traditional Portland cement which accounts for 9% of global CO₂ emissions.
Partanna's vision extends beyond concrete. The company is committed to discovering new advanced materials that delink development from pollution. By leveraging emerging technologies, Partanna aims to remove 1 billion tons of CO₂ by 2050.
The company has a global presence with subsidiaries in The Bahamas, Saudi Arabia, and the USA. Another subsidiary, Partanna Ocean, Ltd., protects coastal communities and heals our oceans through various applications of Partanna’s binder technology.