MEX Announces Bidding Results for Biochar Carbon Credit Procurement
Release time：2026-08-28
Macao International Carbon Emission Exchange (MEX) is pleased to announce the successful conclusion of a public carbon credit reverse bidding held on August 28, 2026. Commissioned by the buyer, this bidding focused exclusively on biochar carbon removal and reduction projects, operating under a lowest-bid winner selection framework.
Bidding Highlights & Results
Project Category | Biochar-related carbon removal and reduction projects (including Biochar, Bioenergy with Biochar, Composting, and Organic Waste Treatment).
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Accepted Registries | Leading international registries accredited by MEX, including Verra, Gold Standard, and Puro.earth. |
Procurement Target | 80 tCO₂e. |
Price Cap | HKD 1,000 / tCO₂e. |
Bidding Format | Reverse Bidding |
Project Location | Global |
Bidding Outcome
A total of 11 bids were received in this bidding, with a total bid volume of 760 tCO₂e, exceeding the total procurement target of 80 tCO₂e. The actual total volume cleared was 80 tCO₂e, at an average clearing price of HKD 937.25 / t.
Settlement & Service Fee Terms
A service fee will be charged to the sellers for this bidding at a rate of 5% of the total transaction value, which will be deducted directly from the transaction proceeds. Any other potential fees arising from cross-border or interbank wire transfers shall be borne by the respective participants.
Successful sellers shall execute the procurement contract with the buyer as soon as possible upon receipt of the Award Notice, and shall transfer the corresponding carbon credits to the buyer's designated account or complete the retirement operation per the buyer's instructions within 5 trading days from the date of receipt of this Notice. Final fund settlement will be completed after the buyer confirms that the carbon credits have been received or retired correctly.
