Green Carbon, Inc., in collaboration with The Varhad Group and Nature Base Consulting, Inc., has initiated a biocharBiochar is a carbon-rich material created from biomass decomposition in low-oxygen conditions. It has important applications in environmental remediation, soil improvement, agriculture, carbon sequestration, energy storage, and sustainable materials, promoting efficiency and reducing waste in various contexts while addressing climate change challenges. More project in India, targeting a production of approximately 110,000 tons of Carbon Dioxide Removal (CDR) credits per plant over 15 years. This initiative, aimed for Puro Earth certification by 2040, reflects a strategic move into a market where CDR credits command a substantial premium.

The project leverages Varhad’s biochar plant manufacturing capabilities and NBC’s funding acquisition expertise. Green Carbon will oversee project management and credit creation. The initial phase involves the deployment of four biochar plants.

Market analysis indicates a high valuation for CDR credits, with prices on platforms like Puro.Earth reaching $150/ton. This contrasts with reduction credits, highlighting a significant market differential. Furthermore, major corporations like Microsoft are demonstrating a strong demand for CDR credits, evidenced by large-scale purchase agreements.

India’s agricultural sector, contributing an estimated 736 million tons of greenhouse gas emissions annually, presents a substantial opportunity for carbon removal. Green Carbon’s project aims to address this, contributing to India’s decarbonization efforts. Future plans include exploring the Joint Crediting Mechanism (JCM) to further enhance credit generation and market access, potentially impacting both Indian and Japanese decarbonization strategies. The project’s focus on biochar and bio-oil production also aims to foster a circular economy within the region.