British Firm Agricarbon Selected for Major European Climate Project

Agricarbon, a Dundee-based automated soil carbon measurement company has partnered with HeavyFinance, a European climate tech investment marketplace.

Image Credit: Agricarbon

The strategic partnership, centred on the launch of a 15,000 ha project in Lithuania, will see the companies align on a shared vision of making the transition to sustainable farming practices and the measurement of changes in soil carbon stock.

The deal forms part of HeavyFinance’s progress of removing one gigaton of carbon dioxide from the atmosphere by 2050. Both companies believe that cost effectiveness, along with data accuracy, is key to unlocking participation in the soil carbon offset market.

The companies will work together to test new stratification methodologies and remove previous barriers to direct measurement of thousands of hectares, all under a major international protocol for offsets.

Stewart Arbuckle, Co-founder & Chief Technology Officer of Agricarbon comments: “We are excited to be working with HeavyFinance as their innovative business model and understanding of and ability to deploy a direct measurement project will be extremely helpful across thousands of hectares, feeding into the ever-important sustainability agenda and promoting better financial opportunities for farmers everywhere.”

Laimonas Noreika, Founder of HeavyFinance comments: “By combining the innovative financing models from HeavyFinance, including Green Loans, with Agricarbon's innovative soil carbon measurement technology, we can begin to champion the transition to regenerative farming, achieving greater ROI for investors and making best practices more accessible to farmers. Collaboration is key to driving climate progress through the carbon credits market and we are excited to be working with Agricarbon to promote greater sustainability.”

The companies plan to scale the project across wider European companies over the next 12 months, increasing accessibility for farmers and investors in key markets.

The news comes following the launch of Green Loans by HeavyFinance, a debt instrument that enables retail and institutional investors to get returns on the sale of CO2 removal credits generated from European farmland.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.