​In a significant move for the 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 sector, the Switzerland-based carbon removal investment firm, Altitude, has entered into a substantial agreement to purchase carbon credits from Southeast Asia. The deal, forged with Greenglow, a developer specializing in biochar production facilities, involves the procurement of more than 50,000 tons of CO2 Removal Certificates (CORCs). These credits are set to be verified by the Puro.earth registry, providing a stamp of quality and durability for the carbon removal process.

​This transaction is part of Altitude’s strategic effort to broaden its holdings of long-duration carbon credits. For Altitude, the agreement represents an opportunity to support projects that offer both significant climate benefits and positive social impacts within local communities. The collaboration highlights a growing trend of institutional investment in carbon-negative technologies that provide tangible, measurable outcomes.

Greenglow’s operational model is centered on a process known as 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, which transforms agricultural waste products into biochar. This method effectively sequesters carbon, storing it within the biochar material for centuries, thereby preventing its return to the atmosphere. Beyond its primary function as a carbon sink, the resulting biochar serves as a valuable 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. Its application helps to restore and improve soil health, enhancing agricultural productivity. An added benefit is the creation of new income streams for local farmers who supply the agricultural waste, contributing to a more circular and sustainable regional economy.

​For Greenglow, this long-term purchasing agreement provides the financial security necessary to scale up its operations and accelerate its growth. The steady demand for its credits enables the company to plan future projects with greater certainty. Similarly, for Altitude, the deal strengthens its market position as a facilitator of high-quality, durable carbon removal projects. This particular agreement marks the second of its kind under Altitude’s Ascent 1 purchasing facility, which was launched earlier in the year to provide essential financial support to developers in the early stages of their projects.

​SOURCE: Altitude Strikes Deal for 50,000 Tons of Carbon Credits from Southeast Asia Biochar Projects