Strategic Environmental & Energy Resources Inc. (SEER) (OTCQB: SENR) has established SEER Carbon Corp. to focus on in-house biochar production and the creation of fully-insured carbon credits using licensed technology from Biochar Now. The new division aims to raise equity capital through the sale of SEER Carbon security tokens and utility tokens backed by generated carbon credits.
Biochar has gained prominence as a significant carbon dioxide removal solution, with current market values for carbon credits reaching approximately $176, and some credits trading above $200. The biochar market forecasts a rapid growth, with a projected 30-fold increase in credits produced by 2028. However, only 42% of expected biochar capacity by 2026 is anticipated to meet industry standards, raising concerns over the quality of carbon credits.
Broomfield-based SEER plans to address these quality issues by producing high-quality biochar and generating audited, insured carbon credits that can be traded using blockchain technology. This technology will ensure the authenticity of carbon offsets and create financial benefits for SEER and its partners.
“At the core of this launch will be the production of high-quality biochar at a 60-kiln facility we will build in Texas,” said John Combs, CEO of SEER. Combs stated that the facility will be located in Texas lumber country, with an air permit already in place. He emphasized that this initiative aligns with SEER’s mission to make environmental stewardship profitable.
SEER has partnered with other companies, including DevvStream and First Block AI, to leverage expertise in developing environmental solutions and enter new markets for carbon credits and tokens. Initial marketing efforts are targeting companies in the golf and airline industries.
James Gaspard, CEO of Biochar Now, explained that SEER will produce multiple carbon credits for each metric ton of biochar, backed by a fully insured carbon credit program. This insurance aims to assure the value and authenticity of each carbon credit produced at SEER’s facility.