Environmental Disclosure
Elimini is a group of wholly owned subsidiaries[1] within the Drax Group (“Drax”), a diversified global group of energy companies. Elimini makes the following environmental disclosures.
Elimini BECCS Projects and Carbon Dioxide Removal Credit Disclosures
Elimini is developing a portfolio of Bioenergy with Carbon Capture and Storage (“BECCS”) projects that will generate carbon dioxide removals (“CDRs”) in the voluntary carbon market. Project locations are anticipated globally, with focus in gulf states in the United States, and it is currently anticipated that projects identified for the portfolio to date have a commercial operation date of 2030 or later. Project development is ongoing, but the below is indicative of projects in the portfolio.
A. Methodology and Carbon Standard
Drax collaborated with Stockholm Exergi and EcoEngineers to produce a methodology for BECCS CDRs, which utilizes United Nations Intergovernmental Panel on Climate Change (“IPCC”) accounting convention, and this methodology forms the basis of Elimini’s current estimates for carbon dioxide emission removals. This methodology has been independently validated by a third party against ISO 14064.2. Elimini relies on this methodology with respect to the information made public on its website regarding the associated carbon offset projects, including without limitation the durability period of any project. Elimini does not represent to the market or to the potential or actual buyer that it has any additional information with respect to the methodology beyond that which is publicly available.
Elimini anticipates that its BECCS projects will generate offsets based on the removal of carbon dioxide. Elimini anticipates all its projects to be certified by an organization that is endorsed or otherwise approved by the International Carbon Reduction and Offsetting Alliance (“ICROA”) or an equivalent body, at which time a different methodology could be used in the future in accordance with the selected carbon standard body.
Elimini anticipates all its project attributes to be verified and validated by an independent third party in accordance with conventional certification processes in the voluntary carbon market. Following said verification, carbon dioxide removal credits will be issued by an organization endorsed by ICROA or an equivalent body.
Full lifecycle emissions will be included in the calculation of carbon dioxide removal credits, relying on data across the full value chain. Specifically, Elimini plans to deduct emissions that occur across the remaining lifecycle of the product, to ensure that what is credited reflects a net removal.
Current estimates are based on the best available engineering and design data for the plant, the transport and storage network, and upstream supply chain.
Upon operation, Elimini will rely upon metering data at the plant and along the transport and storage network, in addition to audited data of the upstream supply chain provided through Elimini’s certification schemes. Elimini, plans to source from sustainably managed forests, thereby ensuring its sourcing is not contributing towards a depletion of carbon stocks and that accordingly, the capture of carbon from such biomass sources is accounted for as a carbon removal.
B. Carbon Dioxide Removals from Elimini’s BECCS Projects
Elimini is developing a portfolio of projects that are expected to produce a substantial number of carbon dioxide removals reflective of the emissions reduced. Elimini will provide updates for exact dates and quantities for emission reductions and carbon dioxide removals as they become available. Elimini anticipates that the availability of its carbon dioxide removals will coincide with the commencement of operations at is project facilities. Further, Elimini has not relied on the purchase or use of voluntary carbon offsets in making any public claims regarding the achievement of net zero emissions, carbon neutrality or significant reductions in carbon dioxide or emissions.
Elimini intends to comply with all applicable laws, rules, and regulations regarding each of its projects.
Elimini does not intend to claim any further carbon mitigation benefit associated with its projects beyond the carbon dioxide removal reflected by the carbon dioxide removal credits.
The information contained herein is subject to change without notice. Without first obtaining the express written consent of Elimini, none of the information contained within these disclosures may be used or relied upon by any company, organization, or other person for any purpose, including, without limitation, to form the definitive basis for any decision, purchase, investment, contract or action whatsoever. These disclosures are not all-inclusive, nor do they contain all information that may be necessary to properly evaluate any decision, purchase, investment, contract or other action. The information presented in these disclosures has been developed internally and/or obtained from sources believed to be reliable. While Elimini believes the information in these disclosures to be accurate, Elimini is not making any representation, express or implied, as to the accuracy, adequacy, timeliness, or completeness of any information contained herein. Further, Elimini neither assumes nor accepts any responsibility, obligation, or liability of any kind in relation to any of such information, disclaims all warranties, express or implied, with respect to such information and disclaims any obligation to update any such information except to the extent required by law.
Date of Disclosure: The information contained in this disclosure is current as of September 19, 2024
[1] Elimini, as referenced herein, includes the following legal entities: Elimini, Inc., Elimini US Holdings, LLC, East Texas Genco I, LLC, East Texas Genco II, LLC, and Elimini US Development, LLC.