Altitude, a prominent financier in the carbon removal sector, has announced a significant commitment to procure more than 165,000 tons of CO₂ Removal Certificates (CORCs) from projects in Argentina. These biochar-based carbon removal facilities are operated through a partnership between EcoGaia, an experienced project developer, and Emisiones Neutras, a company specializing in carbon infrastructure. The credits generated from this collaboration will be issued via the Puro Registry, a standard chosen to ensure transparency, traceability, and rigorous verification of the carbon sequestration claims.

Without guaranteed revenue streams, developers often struggle to finance the high upfront costs associated with advanced pyrolysisPyrolysis is a thermochemical process that converts waste biomass into bio-char, bio-oil, and pyro-gas. It offers significant advantages in waste valorization, turning low-value materials into economically valuable resources. Its versatility allows for tailored products based on operational conditions, presenting itself as a cost-effective and efficient More facilities. This financial uncertainty creates a barrier to entry that stifles the expansion of high-integrity carbon removal projects, particularly in emerging markets where the potential for biomassBiomass is a complex biological organic or non-organic solid product derived from living or recently living organism and available naturally. Various types of wastes such as animal manure, waste paper, sludge and many industrial wastes are also treated as biomass because like natural biomass these More valorization is high but funding mechanisms remain nascent.

To address this liquidity gap, Altitude has structured a long-term offtake agreement that provides the requisite financial certainty for its partners. By committing to purchase a substantial volume of future CORCs, Altitude mitigates the market risk for EcoGaia and Emisiones Neutras. The facilities in Argentina will utilize advanced pyrolysis technology to convert local forestry residues into 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. This process ensures the durability of the stored carbon while adhering to strict sustainability frameworks designed to maximize environmental integrity.

The execution of this agreement marks a milestone as it enables the construction of the first large-scale biochar facility in Argentina. Beyond the climate impact of permanently sequestering carbon, the project is expected to deliver tangible co-benefits, including improved soil fertility and new revenue streams for local farmers. Furthermore, the initiative addresses waste management challenges by redirecting forestry residues that might otherwise be disposed of in ways detrimental to public health.