I wonder if this is a Sustainable Development Mechanism (SDM) project? It appears that any party to the Paris Agreement may participate in the SDM, either as a “host” party or in the contributor role in order to make progress towards satisfying Nationally Determined Contributions (NDCs). Surplus NDCs are effectively carbon credits.
https://www.hydrocarbonprocessing.com/news/2023/11/boeing-partners-with-us-govt-to-boost-saf-development-in-apec-countries/