The carbon intensity of every batch, proven, not averaged across a year. Premium acceptance, compliance surplus and penalty exposure all settle on that one number.
A batch is produced, traded, and finally burned inside a compliance regime, and at every change of hands a different stakeholder needs the same thing: a number that holds. The supplier prices the premium on it, the trader defends the margin with it, the shipping operator settles FuelEU and EU ETS Maritime on it, and the aviation chain claims ReFuelEU and CORSIA against it. One Evidence Record serves the entire chain, which is why proving the batch once is the cheapest thing that ever happens to it.
A batch earns its premium only where its carbon intensity is accepted. Where the number cannot be substantiated, the cargo settles against a default, the surplus it carries is never released, and the penalty exposure stays with whoever holds the position. Nothing about the physical product changes between those two outcomes; what changes is whether the number survives challenge from a counterparty, a regulator or an accredited verifier, and that decides what every cargo you move returns.
Cappi calculates the carbon intensity of each batch directly from your own operational, feedstock and certificate data, and issues an audit-ready Evidence Record against it: the batch, its own number, and the full derivation behind it, never a sector average or an annual entity figure. Every calculation is deterministic, with the emission factor, its source and tier, the boundary applied, the reviewer and the version of the regulatory parameters recorded against the result, so an accredited verifier can recalculate the record and land on the same number, which is the only definition of proof that matters when a counterparty pushes back.
Batch identity, feedstock origin, upstream certificate and the operational data behind them, reconciled into one source-tagged record.
Plausibility, boundary and emission factor review. Anything that cannot be substantiated is flagged and held, never carried through to an output.
The Evidence Record, with its full derivation trail, ready for the buyer, the regulator and the verifier in one document.
Annual averages, pathway defaults and scheme certificates all describe a population, and none of them can price a cargo. The right-hand column shows what that costs: at every level above the batch, a low-carbon batch is paid the flat average of the pool it is thrown into, and only at batch resolution is it paid its own evidenced value. That difference is the gain, it is transferred to somebody else the moment you settle on an average, and Cappi exists to keep it on your side of the table.
The FuelEU intensity threshold falls in defined steps to 2050, with comparable tightening through ReFuelEU, CORSIA and the national schemes, and each step removes another tranche of supply from the compliant pool, raising the commercial value of every batch that can still be evidenced inside it. Neither line is smooth, because thresholds move as revisions land and the value of proof moves with compliance prices and feedstock supply, but the direction holds: the threshold ends at its strictest, proven batches end at their most valuable, and the evidence you build against this cargo does not expire with it.
Every batch you prove becomes a permanent asset on your side of the table: the record holds when a counterparty challenges it, it holds when the regulation changes around it, and it strengthens your position on the next cargo rather than expiring with the last one.
EU data residency on AWS, tenant isolation and a full audit trail on every row, with an explicit clause on data rights in every engagement. Your commercial position is never pooled and never reused without your agreement. The advantage you build stays yours alone.
Every evidence pack exports in open formats at any moment with its derivation intact, so your proof travels to any buyer, verifier or system you choose. Nothing about your position depends on you remaining a customer. Leaving is always free; staying has to be earned.
This is what evidencing adds: the additional compliance surplus released when the pathway’s default carbon intensity is replaced by the batch’s own evidenced actual across processing and delivery, valued at the traded surplus price of approximately EUR 110 per tCO2e (August 2026). Scope follows the voyage, never the parcel: on voyages between an EU and a non-EU port only half the energy counts, and the same parcel releases approximately EUR 25,000. Routed to the Dutch ERE market instead, the gain on the same batch is larger again - each batch is claimed once, and values are never summed across regimes. The gross surplus the batch carries on its default value is not a Cappi contribution and is never claimed as one; Cappi quantifies and evidences the gain above it, so the number holds when a counterparty, a regulator or an accredited verifier pushes back. Your own figure depends on your feedstock, your pathway and your evidenced carbon intensity, and it is what the Exposure Snapshot exists to establish.
The Exposure Snapshot is free. It sizes what your batches are currently settling against, what they could be settling against on evidenced carbon intensity, and where the gap is largest, and the commercial picture is yours to keep with no obligation.
Thirty minutes. Confidential from the first conversation.
