NoviqTech Eyes 70% Offtake Deal for 550,000 Carbon Credits With Global Data Centres
NoviqTech‘s subsidiary Coralia has signed a Strategic Memorandum of Understanding with A Healthier Earth (AHE), the climate-tech R&D subsidiary of hyperscale data centre developer Pure Data Centres Group. Under the MOU, AHE will assess securing a minimum 70% long-term offtake of Biochar Carbon Removal Credits from Coralia’s flagship Great Barrier Reef Biochar Project in North Queensland. The MOU may progress to Heads of Terms covering either a direct credit sale agreement or a joint venture for construction of a biochar production facility at the project site.
The MOU is non-binding, with no certainty of definitive agreement or revenue. The parties have entered into a 12-month exclusivity period, with production trials scheduled for May-June 2026.
What is biochar carbon removal and why are data centres paying premium prices?
Biochar is a stable form of carbon created by heating agricultural waste in low-oxygen conditions, locking carbon away for 1,000+ years. This differs fundamentally from traditional nature-based carbon offsets, which face reversal risks from fires, droughts, or land-use changes. Tech-based removals like biochar offer verifiable, permanent sequestration, making them attractive to institutional buyers requiring high-integrity carbon credits.
Hyperscale data centre operators face mounting pressure to decarbonise as AI infrastructure expands globally. These companies are securing long-term offtake agreements for carbon removals rather than relying on spot market purchases. The announcement references a “supercycle” of demand driven by global data centre expansion, with much of the global 2025/26 supply already secured under offtake.
Current market pricing for high-quality biochar credits ranges from USD $150-$220 per tonne. Premium pricing and supply constraints create favourable economics for projects that can deliver certified credits to institutional buyers with verifiable sequestration profiles.
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Project scale and commercial pathway
The Great Barrier Reef Biochar Project targets conversion of an estimated 2 million tonnes of agricultural biomass waste and woody weed species into approximately 550,000 high-integrity biochar carbon removal credits over the project life. AHE will assess securing a minimum 70% long-term offtake of these credits.
Coralia will lead physical site development, production trials, and feasibility work. The company is also responsible for ensuring operations align with local permitting, planning laws, and international carbon registry certifications.
AHE will leverage its technical and scientific teams to peer-review project outputs and analyse trial data. Supported by Pure Data Centres’ infrastructure capabilities, AHE can provide the necessary machinery for fast-start operations and commercialise the resulting credit stream via its platform.
| Feedstock Source | Volume | Output | Credit Volume | Offtake Under Assessment |
|---|---|---|---|---|
| Agricultural biomass waste & woody weed species | 2M tonnes | Biochar carbon removal credits | ~550,000 credits | Minimum 70% |
The partnership provides Coralia with technical support, machinery access, and a clear commercialisation pathway through AHE’s established carbon market networks. This reduces execution risk by connecting project development capabilities with operational infrastructure and institutional offtake capacity.
Pure Data Centres’ track record in biochar investment
Pure Data Centres Group recently committed £24 million (approximately A$45.3 million) to support development of the UK’s largest biochar facility in Royal Wootton Bassett, Wiltshire. The facility is built and operated by AHE, demonstrating the parent company’s capital deployment into biochar infrastructure as a decarbonisation pathway.
Pure DC operates over 1GW of data centre capacity live or under development across Europe, the Middle East and Asia. The company specialises in overcoming complex challenges such as land availability, power constraints, and regulatory hurdles whilst building infrastructure for some of the world’s largest hyperscalers.
The partner’s track record signals serious institutional intent and operational capability, providing Coralia’s project with access to established networks and technical expertise proven through UK deployment.
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Next steps and key dates
The 12-month MOU establishes an exclusive collaboration period during which the parties will conduct comprehensive production trials and explore potential joint venture opportunities for facility construction. The MOU is intended to be superseded by detailed Heads of Terms covering either a direct credit sale agreement or joint venture structure.
- MOU signed (April 2026)
- Production trials (May-June 2026)
- Heads of Terms negotiation (within 12-month period)
- Potential outcomes: direct credit sale agreement or JV for facility construction
The May-June 2026 production trials represent the first operational milestone investors can track for progress validation. These trials will generate data for AHE’s technical teams to peer-review and analyse, informing the feasibility assessment and potential progression to Heads of Terms.
The MOU is non-binding, with no certainty that Heads of Terms or a definitive agreement will be executed, nor that the arrangement will result in revenue. However, the structure provides a clear pathway for commercialisation if trials validate project economics and credit quality meets international standards.
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