Tamarack Signs Memorandum of Understanding for Oxi-Zen Carbon Balancing

Tamarack Aerospace will offer full carbon sequestration for its customers’ carbon footprint under a Memorandum of Understanding (MoU) it has signed with Yasava Solutions and its sister company Oxi-Zen.

The agreement covers Oxï-Zen’s carbon balancing services, which instead of offsetting carbon emissions use carbon sequestration or absorption to match the emitter’s carbon footprint (aircraft operators ) with the same amount of sequestration. The issuer can also select criteria for the type of converter, which “may include geolocation, type of carbon sink, and the converter’s program to protect and improve the environment of the carbon sink, [as well as] infrastructure development in line with the UN Sustainable Development Goals,” according to Tamarack. Data integrity is ensured through blockchain technology.

Oxï-Zen carbon balancing costs depend on factors such as aircraft type, fuel burn, and carbon and fuel prices when the issuer enrolls in the program. Tamarack views the collaboration with Oxi-Zen as helping potential customers choose to modify their aircraft with Tamarack’s load-lightening eco-Smartwing active wing technology.

“The aviation industry will not achieve its goal of net zero carbon neutrality without meaningful collaborations like the new harmony between Tamarack and Oxï-Zen,” said Nick Guida, Founder and CEO of Tamarack. “Our new MoU with Oxi-Zen is another example of how all of aviation can work together for a cleaner planet.”

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