NASSAU, BAHAMAS – Partanna Global, a climate technology company co-founded by Ambassador at Large for The Bahamas and three-time NBA champion Rick Fox has been validated by Verra under its Verified Carbon Standard (VCS) Program.
Verra, the global leader in voluntary carbon market standards, recognized Partanna’s innovation using the VM0044 Methodology. This milestone makes Partanna one of only two concrete companies worldwide to achieve this prestigious status.
Partanna’s patented cement alternative eliminates the energy-intensive processes and CO₂ emissions associated with Portland cement (OPC). By utilizing brine and industrial waste, Partanna creates a sustainable material that avoids emissions and actively captures CO₂ from the atmosphere, functioning like a tree.
For over 200 years, OPC—second only to water as the most used commodity globally—has played a key role in development. However, its production generates 9% of global CO₂ emissions. Partanna’s breakthrough technology positions it as a leader in sustainable construction, reducing emissions while enabling carbon capture.
With Verra’s validation, Partanna’s project is expected to avoid and sequester 644,000 tons of CO₂ annually during its 10-year carbon crediting period, totaling over 6.4 million tons by 2032—equivalent to eliminating a year’s worth of emissions from a small country like Cyprus or Luxembourg.
The company’s long-term vision includes scaling its technology to remove 1 billion tons of CO₂, providing a transformative solution for global construction and climate goals. Partanna’s materials meet ASTM and ACI standards, ensuring durability for mainstream construction and resilience in extreme climates, making them particularly valuable for coastal and small island states.
In The Bahamas, Partanna has committed to building up to 1,000 homes annually using its carbon-negative cement binder. These homes will reduce construction emissions and withstand hurricanes, providing climate-resilient housing in one of the regions most affected by climate change.
“As one of only two companies worldwide to secure Verra validation for carbon removal in cement, this milestone is a game-changer,” said Rick Fox, Co-Founder and CEO of Partanna. “Our technology doesn’t just avoid emissions—it removes CO₂ from the atmosphere, creating measurable, verifiable, and permanent carbon credits. Verra’s validation confirms the credibility of our solution and its impact on global carbon reduction.”
Partanna’s verified carbon credits, generated in The Bahamas, are available globally for organizations seeking credible offsets. With project boundaries currently in The Bahamas and the United States, additional regions are expected to follow.
Carbon credits are vital in bridging the gap between current emissions and climate goals. Global emissions must drop 42% by 2030 to meet Paris Agreement targets. However, current trajectories predict a 3°C rise, far exceeding the 1.5°C goal. According to Oxford University, a carbon removal shortfall of 49 gigatons is expected between 2025 and 2100 under the 1.5°C scenario. Partanna’s initiative provides a crucial solution to address this gap.
