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Parallel Carbon has signed a pre-purchase deal with Zurich Insurance Group to deliver 1,200 metric tons of carbon dioxide removal (CDR) credits using its direct air capture (DAC) and green hydrogen technology. The CDR credits will be issued as CORCs under the Puro Standard, while the CO2-negative hydrogen produced will be sold to a low-CO2 ammonia producer. This agreement highlights Parallel Carbon's commitment to sustainable solutions and marks a significant milestone as the company has mostly sold its carbon removal credits through 2030.