We’re working in durable, additional, marine atmospheric carbon dioxide removal. We have a minimum standard of 100 years of demonstrable sequestration. The main three pathways we’re working in are:
Biomass sinking at depth
Direct Ocean CO2 Capture (DOC)
Ocean Enhanced Alkalinity (OEA)
Within each of those categories we see a number of variations. We’re open to working in hybrid-marine systems like algae cultivation that is converted to biochar or terrestrial biomass that can be safely sequestered in marine anoxic environments.
We’re also happy to explore new and innovative pathways to mCDR.
We are not focused on coastal restoration pathways like seagrasses and mangroves.
We have a deliberately new-partner-friendly business model. We don’t charge anything to get started working with us. We don’t charge for our consulting, methodology development, MRV project planning, market access, data collection, or software integration services. Our model is based on retaining a small percentage of the certified credits, or the revenue from their sale. We’re only successful when our partners grow and succeed. Our commitment to our partners is ongoing and long-term. Our mission is to cultivate the growth and success of mCDR and share in that success.
The percentage of the credits or revenue we retain varies depending on volume within a year and ranges from 2-5%.
Most of the sales in durable carbon credits being made today are going to direct purchasers like Frontier or Shopify. These sophisticated purchasers have stringent MRV requirements. We’re happy to work with partners applying for these purchase and pre-purchase agreements to insure a quality, credible, and viable MRV plan is included in their application. During and after the sale, we work with our partners on the implementation and execution of their MRV plans.
We envision a future that includes rigorous open standards, carbon market data protocols, 3rd-party verifiers, carbon credit rating organizations, and transparent, commodified, quality carbon credits. We are actively pursuing partnerships with carbon market providers that share this vision.
We are committed to formulating and utilizing high-quality measurement and verification standards. We insure a robust and faithful implementation of those standards. We verify that the claims of sequestration being made by our customers are valid and that their statements around volume and durability are accurate and well supported with verification data.
We verify our customers' claims and certify that they are correct. We share both the verification methodology and supporting data so that they can be confirmed by purchasers and any interested parties.
We also recognize the importance of additional, independent, verification and certification bodies. For those organizations to exist and function, we need well-developed, open transparent MRV standards. We need integrated systems, data registries, and data standards that transfer and present data in a secure, immutable, and verifiable form. We’re actively working to build those systems.
Building trust and verification systems is a prerequisite for the CDR industry to flourish. Proof of sequestration is the product. We are a certification body in that we verify our customers' claims and certify that they are correct. We also endorse the creation of additional verification and certification bodies working in mCDR.
Ultimately, we see ourselves as carbon accountants. We recognize the need for auditing organizations.
We offer consulting and advisory services to assist our customers. We are building robust software systems to assist in data collection, verification, and integration with carbon registries and carbon markets.
Both of these activities are central to what we do. But we are not a traditional software or consulting services company. We have a different business model. We don’t charge for our consulting and methodology development services. We don’t have standard licensing fees for our software.
We forge ongoing, integrated, long-term relationships with our customers. In exchange for all that we offer, we retain a percentage of the carbon credits that they are able to certify and sell. As our partners grow, and flourish, we will share in their success.
Marine CDR pathways have a number of advantages over terrestrial pathways. Additionality, durability, and potential for scale are the critical components for evaluating CDR options. These are the chief virtues of marine CDR options.
Different species of microalgae and macroalgae, with sufficient nutrients, have phenomenal growth rates. They can be rapidly cultivated at scale and the carbon-rich biomass can be safely sequestered for centuries and millennia in the depths of the ocean.
The concentration of carbon in seawater is substantially higher than the carbon concentration in the air. Direct ocean carbon capture companies can take advantage of this to create carbon capture and sequestration facilities that are more efficient than the available options in direct air capture.
Chemical and biological systems in the oceans are natural carbon sinks. We can take advantage of this. By altering the chemistry of ocean waters we can reduce ocean acidification and increase the ocean’s natural capacity to capture and mineralize carbon.
We take a big-picture view of the problem and consider the requirements for the most promising pathways for atmospheric carbon removal on a scale of billions of tons each year.
Yes. Coastal Carbon Solutions, LLC was formed in 2022. Going into 2023, we are incorporating as a public benefit corporation - Oceanid MRV Inc.
As Oceanid MRV, the same team will be offering the same solutions, services, and expertise. We are committed to our mission of promoting marine CDR and helping our partners launch, grow, and produce the durable, quality, certified, verified carbon offset products that the world needs.
We all need climate solutions. The answers are in the oceans.