DALLAS, Sept. 24,
2024 /PRNewswire/ -- New Frontier Markets ("NFM"), a
climate technology firm dedicated to enhancing transparency and
efficiency in the voluntary carbon offset market, today announced
it has partnered with OPIS, a Dow Jones Company and a leading
source for energy and commodity pricing information, to deliver
transparent carbon market price indications directly to buyers and
project developers on NFM's marketplace. The partnership is focused
on engineered carbon credits, such as carbon capture, utilization
and sequestration ("CCUS"), direct air capture, methane abatement,
among other measurable engineered projects.
NFM recently launched its voluntary carbon marketplace,
accessible at https://nfm.exchange/, to connect buyers to
high-quality carbon project developers and provide a seamless and
secure platform for carbon offset transactions. NFM draws upon its
proprietary network and expertise from its affiliation with
Frontier Carbon Solutions, a leading project developer in the CCUS
sector, and portfolio company of Tailwater Capital, a private
equity firm that takes a full immersion approach to investing in
energy and environmental infrastructure solutions.
NFM will partner with OPIS to improve the price transparency of
carbon credits generated from carbon capture and other
technologies. OPIS will develop carbon credit benchmarks and
provide market intelligence that enable fair-value trading on NFM's
marketplace. This collaboration enhances price accuracy to inform
trading activities and foster confident decision-making. As many
carbon projects struggle to reach final investment decision with
existing incentives alone, this collaboration aims to deliver
confidence in price signals to bring important carbon reduction
projects to life.
"Through our alliance with OPIS, we are poised to revolutionize
the carbon offset market and introduce a new era of transparency
and accessibility for offset buyers and project developers," said
Steven Lowenthal, Co-Chief Executive
Officer and President of NFM. "New Frontier Markets is committed to
bridging the gap between market data and carbon offsetting,
enabling a more informed, sustainable, and resilient global
economy. We recognize the critical role CCUS and other engineered
technologies play in achieving our climate goals, and this
partnership enhances our ability to support these vital projects.
By empowering individuals and organizations to make informed
decisions, we are paving the way for a greener, more sustainable
world for all."
"Price transparency and clear price benchmarks are key to
driving efficiency in carbon markets," said Brian Crotty, Executive Vice President and
General Manager of Dow Jones Energy. "OPIS's collaboration with New
Frontier Markets exemplifies our commitment to fair pricing in the
transition to a sustainable future."
The NFM marketplace was developed on the Shopify platform, with
support from Unicsoft, a leading blockchain-based software
development company. Shopify enables inventory management,
payments, and order fulfillment for carbon credit suppliers.
Companies that already use Shopify to sell carbon credits can
easily integrate with NFM as a new sales channel to generate
demand. "Commerce can be a powerful vehicle for change," said
David Vranicar, Sustainability
Operations Lead at Shopify. "Shopify is a company that champions
entrepreneurs of all kinds, and we are passionate about using
commerce to scale climate tech. We are thrilled to be supporting
New Frontier Markets to do exactly that and believe that our
platform can dramatically improve the buying and selling process,
further accelerating demand for high-quality carbon credits."
Engineered climate solutions, including carbon capture and
sequestration, direct air capture, and methane abatement, can offer
a more tangible, permanent, and measurable way to reduce greenhouse
gas emissions than many nature-based climate solutions. Unlike
other carbon offset marketplaces, NFM will never sell retired
credits or bundle credits from different projects. This means that
carbon credits purchased from NFM will go directly towards
supporting CO2 reduction. Engineered credits
marketed by NFM undergo rigorous verification by leading
ICROA-endorsed registries, including ACR, Verra, Gold Standard,
Climate Action Reserve, and Puro.Earth, ensuring the highest
standards of quality and credibility.
To learn more about NFM, visit https://nfm.exchange/.
About New Frontier Markets
New Frontier Markets is an
energy technology company focused on developing blockchain and
web-based applications for the carbon and commodity markets. By
leveraging our team's extensive markets, energy trading, and
project development backgrounds, NFM's products are uniquely
positioned to bring value for investors and project developers
alike. For more information, please visit
https://nfm.exchange/.
About OPIS
OPIS, a Dow Jones company, provides
accurate pricing, real-time news and expert analysis across the
global fuel supply chain, including the Spot, Wholesale Rack and
Retail markets. OPIS and its brands, McCloskey, PetroChem Wire,
Axxis and Chemical Market Analytics, enable customers to buy and
sell energy commodities with confidence across the globe via easy
access to transparent data, expert-level customer support,
educational events and energy data solutions. For more information,
please visit www.opisnet.com.
About Tailwater Capital
Dallas-based Tailwater Capital is an energy
and growth infrastructure private equity firm with a
well-established track record of working constructively with proven
management teams to deliver value-added solutions. Tailwater has
raised more than $4.5 billion in
committed capital since inception and the team has executed more
than 100 transactions representing over $23
billion in value. For more information, please visit
www.tailwatercapital.com
Contact
Jill
McMillan
Managing Director, Communications & Public Affairs
Phone: 214-489-7047
Email: jmcmillan@tailwatercapital.com
John Schaufele
Managing Director, Investor Relations & Fundraising
Phone: 214-489-7043
Email: jschaufele@tailwatercapital.com
Forward-Looking Statements
Includes non-Tailwater controlled capital pursuant to the
Tailwater led management buyout processes for which Tailwater
provides management related services.
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SOURCE Tailwater Capital