Verra has approved the first carbon credits under its carbon capture and storage (CCS) methodology, clearing the way for credits from a project in northern Texas to be issued under the voluntary carbon market standard.

The Barnett Zero Project, developed by BKV Corporation, captures carbon dioxide (CO2) separated from raw natural gas at a processing facility. The gas is compressed and transported to a nearby injection well for permanent underground storage. The project is located in Bridgeport, Texas.

The credits were generated under Verra’s Verified Carbon Standard methodology VM0049, which establishes procedures for calculating greenhouse gas (GHG) emissions reductions and carbon dioxide removals (CDR) from projects that capture and permanently store CO2.

The project applies VM0049 alongside module VMD0062, which addresses CO2 capture during natural gas processing. The module accounts for emissions associated with diverting CO2 from natural gas streams that would otherwise be released into the atmosphere.

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Barnett Zero has demonstrated that CO2 otherwise vented during natural gas processing can be captured and permanently stored, creating a pathway for other developers to use the methodology. This is “real, measurable climate action,” said Verra Chief Executive Mandy Rambharos.

BKV Chief Executive Chris Kalnin described the approval as a milestone for the company and the wider carbon management industry, saying it showed that permanent storage could be measured and independently certified.

The Integrity Council for the Voluntary Carbon Market (ICVCM) has approved VM0049 and modules VMD0056 through VMD0059 under its Core Carbon Principles (CCPs).

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