![]() ![]() What it does: The startup has established its own standard and methodology for engineered carbon removal, including for biochar, construction materials, soil amendments, and carbon capture and storage (CCS). Its client lists includes Microsoft, buy-now, pay-later startup Klarna, and PwC Scale.īackers: Finnish energy company Fortum and Nasdaq, which acquired the company last year ![]() "A customer could also just use us for tracking." "We want to onboard every kind of sink, no matter if we trade the certificates or a different party," he said. ![]() The long-term goal of the company is to be the biggest tracking and selling platform for all carbon sinks, not just biochar, CTO Matthias Ansorge told Insider. The startup offers both a marketplace and platform for documenting and trading credits. It works directly with biochar projects to issue reduction certificates, buys the certificates - which are essentially carbon credits - and sells them. The materials are exposed to high temperatures and low oxygen to create biochar.īiochar can then be used by farmers to improve soil quality, reduce water consumption, or as a replacement to sand.Ĭarbonfuture tracks the life cycle of biochar, from production to application, on the blockchain. It is made from organic materials that would otherwise be wasted, like crop residue. What it does: Carbonfuture's founders wanted to certify biochar projects but found the technical and financial solutions were not in place to do so, so set about building them first.īiochar is a form of charcoal that prevents CO2 from entering the atmosphere. The Carbonfuture team, from left: Hannes Junginger-Gestrich, Marcel Eichler, Matthias Ansorge, Andreas Hölzl, Natasha Schaufler.īackers: Übermorgen Ventures, Wi Venture, and seed + speed Ventures Account icon An icon in the shape of a person's head and shoulders. ![]()
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