AgTech company HEMPALTA has expanded its product line with the launch of a hemp-based 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, designed to complement its carbon credit platform. According to HEMPALTA President and CEO Darren Bondar, the company is diversifying its revenue streams by entering the growing biochar market, alongside its established hemp-based products such as animal bedding, garden mulch, and hempcrete.

HEMPALTA operates a hemp processing facility in Calgary and recently went public on the TSX Venture Exchange. The company’s financials revealed a 32% year-over-year increase in quarterly revenues, bolstered by its innovative approach to monetizing industrial hemp.

The launch of biochar aligns with HEMPALTA’s ownership of the Hemp Carbon Standard platform, which helps hemp farmers monetize carbon removal credits in the global carbon market. In 2024, Hemp Carbon Standard managed 13,556 acres across several countries, contributing to the removal of over 50,000 tonnes of CO2 from the atmosphere.

Biochar is produced by heating organic hemp 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 through 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, a process that sequesters carbon while improving soil health and plant growth. Biochar represents a promising revenue source for farmers, with carbon credits for high-quality biochar typically selling for US$100-$200 per tonne of CO2 sequestered. As demand for carbon credits grows, especially from data centers and corporate buyers, HEMPALTA’s biochar product offers an appealing solution for carbon reduction and agricultural sustainability.

READ MORE: AgTech Company HEMPALTA Launches Biochar Derived from Hemp to Complement Carbon Credit Platform