Finland-based Carbo Culture specializes in biochar carbon removal. The company mimics the photosynthesis process, which uses sunlight and captured carbon to convert agricultural waste into bio carbons. The company’s patented carbolysis reactors convert waste biomass into biochar, locking away carbon for 1,000 years. Carbo Culture’s two main product offerings include carbon removal credits and the biocarbon itself.
The company is developing its first commercial carbon removal facility (C1), with plans to deploy multiple facilities across Nordic countries by 2026. Carbo Culture planned to bring down the cost of carbon removal to USD 200 per CO2 ton by 2024. In August 2023, the company announced the deployment of a new pilot biochar plant in Helsinki, Finland, (R3) to capture 3,000 tons of atmospheric CO2 annually.
Key customers and partnerships
In February 2021, the company supplied its first large-scale carbon removal credits to carbon credit specialist South Pole.
In February 2023, the company signed a multi-year carbon credit purchase agreement with Rothschild & Co, a multinational investment bank to supply biochar annually from 2025 through 2030.
In May 2023, Supercritical, a carbon removal marketplace, entered a long-term agreement with Carbo Culture to pre-purchase carbon removal solutions such as biochar, direct air capture (DAC), and enhanced weathering via Carbo Culture’s platform.
Funding and financials
Most recently, in May 2023 , the company received grant funding of EUR 2.3 million (USD 2.5 million), backed by the German Federal Agency SPRIND, to further develop its innovative carbon removal and storage technology. Previously, in April 2021 , the company raised USD 6.2 million in a seed funding round led by Silicon Valley VC True Ventures. The funds were used for product development, to expand the team, and to deploy one of Europe’s largest carbon removal facilities.
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