PureWest Energy and Proman sign deal to reduce scope 3 methanol footprint via digital tokens

March 30, 2023 |

In Colorado, PureWest Energy and Proman announced their closure on a blockchain-verified digital token-only transaction that significantly reduces Proman’s Scope 3 methanol footprint. Made possible through their partnership with Project Canary and EarnDLT (Earn), PureWest’s low-methane emissions data is minted into transactable Certified Environmental Tokens (CETs) to help Proman deliver certified low-carbon methanol to their global customers. “Innovative solutions are critical to meeting climate targets in the coming years,” said PureWest CEO Chris Valdez. “PureWest is developing environmental products that help our customers meet their emissions reductions goals. Our CETs allow end-users to benefit from our certified, industry-leading approach to natural gas production. As we continue to innovate, we remain steadfast in our commitment to responsible operations and focused on providing the market’s cleanest natural gas.” CETs are created through Earn’s system and collect and aggregate environmental attribute data from PureWest’s wells to create purchasable credits stored on the blockchain for third-party users to achieve their emission reduction goals. Headquartered in Switzerland, Proman is an integrated energy company and a large methanol producer.

More on the story.

Print Friendly, PDF & Email

Category: Chemicals & Materials

Thank you for visting the Digest.