Tag: Alt Carbon

NextGen – a South Pole and Mitsubishi Corporation joint venture – signs historic deal with Alt Carbon to scale Asian CDR from India’s tea plantations

Stuart Mitchell

NextGen CDR (NextGen), one of the world’s largest diversified portfolios for permanent carbon dioxide removals (CDRs), announced at the Futures Summit 2024 that it will purchase CDRs from India’s leading CDR developer, Alt Carbon, scaling Asia’s carbon removal market. NextGen and Alt Carbon were joined on stage by joint venture partners South Pole and Mitsubishi Corporation at the event celebrating the offtake agreement.  Alt Carbon spreads basalt on tea plantations in the Himalayan foothills, where the humid weather conditions speed up the rock’s ability to remove CO₂ from the atmosphere…

Read More

Alt Carbon makes history as the first Indian company to secure $500K prepurchase from Frontier to scale carbon removal in India’s tea estates

Stuart Mitchell

Bangalore-based carbon removal startup Alt Carbon has made history as the first India-headquartered company to receive a prepurchase agreement from the prestigious Frontier, the advance market commitment for carbon removal. The purchase will help support the startup’s Darjeeling Revival Project, a breakthrough initiative that combines innovative carbon removal technologies with the revival of India’s historic tea estates. As part of this agreement, Alt Carbon will receive $500,000 from Frontier for the purchase of high quality, durable carbon removal tons that have been generated through the Enhanced Rock Weathering process. The participating…

Read More