Base Carbon Announces First CORSIA-Eligible Tagged Credits and Sales

Core Insights - Base Carbon Inc. has achieved full eligibility and tagging for its Rwanda Cookstoves Project under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), marking a significant milestone for the company [1][2] - The project is among the first globally to receive CORSIA-eligible designation, allowing for immediate sales in the global aviation carbon offsetting markets, with demand for Phase 1 of CORSIA estimated to reach between 146 to 236 million credits [2] - The company has contracted 300,537 CORSIA-eligible credits for sale, representing its first monetization of these credits, with financial settlements expected in the coming weeks [3] Company Operations - Base Carbon's Rwanda project partner, DelAgua Group, completed necessary technical requirements for CORSIA eligibility, including migrating to the latest methodological standard and securing insurance coverage [2] - Prior to sales, Base Carbon held 1,076,230 VM0050 Rwanda carbon credits, which now includes 733,874 CORSIA-eligible credits and 342,356 VM0050 credits included in Rwanda's first Biennial Transparency Report [4] - The company anticipates regular carbon credit issuances on a biannual basis following a methodological update last fall [4] Market Positioning - The CEO of Base Carbon emphasized that CORSIA tagging is a key validation milestone for the company's strategy, and initial sales confirm the business model and asset positioning [5] - With increasing demand from global airlines and limited supply of eligible credits, the company is well-positioned to capture value through expanded monetization opportunities as the CORSIA market matures [5] - Base Carbon aims to be a preferred partner in the global voluntary carbon markets, providing capital and management resources to carbon removal and abatement projects [6]