{"id":171,"date":"2026-02-11T09:18:10","date_gmt":"2026-02-11T09:18:10","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/171\/"},"modified":"2026-02-11T09:18:10","modified_gmt":"2026-02-11T09:18:10","slug":"parallel-carbon-to-deliver-cdr-for-zurich-insurance-group-via-novel-dach2-technology","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/171\/","title":{"rendered":"Parallel Carbon To Deliver CDR For Zurich Insurance Group Via Novel DAC+H2 Technology"},"content":{"rendered":"

UK-based direct air capture (DAC) and green hydrogen specialist<\/a> Parallel Carbon has secured a pre-purchase deal with Zurich Insurance Group<\/a>, agreeing to deliver 1,200 metric tons of high-integrity carbon dioxide removal (CDR) credits issued as CORCs under the Puro Standard.\u00a0<\/p>\n

The credits will be generated through the company\u2019s novel technology that combines direct air capture with geological carbon storage, producing CO2-negative hydrogen (DAC+H2).\u00a0<\/p>\n

Parallel Carbon\u2019s hydrogen product comes with near-zero carbon intensity, meeting the local definitions and requirements for \u201crenewable\u201d or \u201cgreen\u201d hydrogen.<\/p>\n

The company clarifies that while thresholds and criteria vary by jurisdiction, its integrated production pathways are designed to rank substantially below the conventional regulatory benchmarks that require life cycle emissions below ~3 kg CO2e\/kg of hydrogen.<\/p>\n

While the CDR credits generated under this agreement will go to Zurich Insurance Group, the green hydrogen created in this process is expected to be sold to a producer of low-CO2 ammonia.\u00a0<\/p>\n

\u00abWe\u2019re already facing a shortage of carbon removal credits,\u00bb Hannes Junginger, Carbonfuture CEO<\/a><\/p>\n

In the future, the company is confident that its integrated DAC+H2 approach can also enable a steady supply of electro-sustainable aviation fuels (e-SAFs).<\/p>\n

By opting in for carbon credits delivered via this innovative DAC+H2 technology, buyers can simultaneously support carbon removal and value chain decarbonization.<\/p>\n

Commenting from the buyer\u2019s perspective, Chris Minter, Head of Supply Chain Sustainability at Zurich Insurance Group, stated,\u00a0<\/p>\n

\u201cParallel Carbon\u2019s integrated approach offers a compelling combination of high-integrity carbon removal and a credible pathway toward improved cost performance over time. For buyers like Zurich, early engagement with technologies that demonstrate strong fundamentals and clear future cost trajectories is pivotal for securing a position in the promising and rapidly developing carbon-removal market.\u201d<\/p>\n

Relevant: Parallel Carbon Secures $3.6M Seed Funding To Advance Hydrogen And Direct Air Capture Technology<\/a><\/p>\n

For Parallel Carbon, this agreement marks a major milestone, as the company has shared that the majority of its carbon removal credits supply through 2030 has already been sold.<\/p>\n

On behalf of Parallel Carbon, CEO Ryan Anderson said, \u201cBy delivering durable CDR alongside clean molecule production, we are able to create stronger project economics and unlock more climate value from the same infrastructure.\u201d<\/p>\n

\u201cThis approach enables science-based, transparent carbon accounting while supporting real-economy decarbonization. Demand is converging around solutions that pair durable removal with credible economics and measurable impact, and this agreement with Zurich reflects that shift.\u201d<\/p>\n

Read more: Nellie Technologies & Zurich Insurance Team Up In A New CORCs Deal<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"UK-based direct air capture (DAC) and green hydrogen specialist Parallel Carbon has secured a pre-purchase deal with Zurich…\n","protected":false},"author":2,"featured_media":172,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[128],"tags":[247,60,248,64,219,249],"class_list":{"0":"post-171","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-zurich-insurance","8":"tag-cdr-prepurchase","9":"tag-dach2","10":"tag-green-hydrogen","11":"tag-parallel-carbon","12":"tag-zurich-insurance","13":"tag-zurich-insurance-group"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=171"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/171\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/172"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}