BluSky Carbon Inc., through its BluMountain Carbon joint venture, has announced a new 50/50 partnership with Neutralizing Environmental Trash (NET). The collaboration aims to deploy 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 technology in the southeastern United States, using local wood waste to achieve an annual carbon removal target of 50,000 tonnes.

Under the agreement, the joint venture plans to purchase $7 million worth of Vulcan 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 equipment and services from BluSky. However, this is contingent on securing project financing. The partnership includes equal ownership and dilution terms, along with audit rights for BluMountain to monitor compliance.

NET, based in Oregon, specializes in converting 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 waste into biochar, a carbon-negative soil amendmentA soil amendment is any material added to the soil to enhance its physical or chemical properties, improving its suitability for plant growth. Biochar is considered a soil amendment as it can improve soil structure, water retention, nutrient availability, and microbial activity.   More that enhances soil health and reduces greenhouse gas emissions. The company’s leadership brings decades of experience in recycling and environmental sustainability.

BluMountain Carbon, a joint venture between BluSky Carbon and Red Mountain Biochar, focuses on commercializing biochar production and related carbon removal technologies. BluSky’s CEO, Will Hessert, expressed optimism about the venture, highlighting the growth in carbon credit prices, now approximately $143 per ton.

This initiative aligns with BluSky’s broader mission of converting waste into biochar, renewable energy, and carbon credits, contributing to the growing demand for carbon-neutral solutions.

The success of this partnership hinges on securing financing to operationalize the equipment and reach its carbon removal goals, underscoring the potential for further growth in the biochar and carbon credit markets.

PRESS RELEASE: BluSky Carbon JV Entity BluMountain Enters into JV Partnership in Southeastern USA