New Delhi, March 29, 2024 – Mati Carbon proudly announces the successful delivery of its first CDR tons to a group of buyers facilitated by Frontier. This marks a significant milestone not just for Mati Carbon, but for the Global South’s emerging engineered CDR sector and for the climate markets’ role in driving rural inclusive growth and a just transition. This inaugural delivery underscores Mati Carbon’s pioneering role in advancing the Enhanced Rock Weathering (ERW) technology. Mati Carbon delivered 50 tons of CDR to Frontier buyers in March 2024, from deployments initiated in 2022. Basalt rock dust was deployed as an ERW feedstock in rice paddy fields in partnership with smallholder farmers in rural Chhattisgarh, India. Importantly, Mati Carbon has demonstrated that it is possible to deliver durable carbon removal to the corporate buyers with net zero /sustainability targets while providing a platform for for driving crop yield and income uplift for, smallholder enabling their climate adaptation.
Led by serial Climate-Tech entrepreneur Shantanu Agrawal, Mati Carbon leverages the natural process of ERW to permanently remove carbon dioxide from the atmosphere through the application of silicate rocks on agricultural lands. This approach not only aids in permanent carbon sequestration but also improves soil health and crop productivity, thereby supporting the livelihoods of smallholder farmers in developing countries. This recent study published with Mati’s collaborators demonstrates the significant agronomic benefits for crops.
“Less than a year after Frontier facilitated a pre-purchase agreement with Mati, they’ve successfully delivered their first 50 tons. It’s great to see a team that is moving this quickly while remaining laser-focused on furthering the science of rigorously measuring removals from weathering.” said Joanna Klitzke, Ecosystem and Procurement Strategy Lead at Frontier.
Mati Carbon is a leader in the ERW space due to its focus on robust scientific Monitoring, Reporting, and Verification (MRV) technology, developed in collaboration with Yale University’s Center for Natural Carbon Capture, University of Sheffield’s Leverhulme Centre for Climate Change Mitigation, and other research partners. Mati’s Chief Science Offcier (CSO) worked closely with collaborating scientists to publish this recent study validating the use of Mati’s MRV methods. Mati Carbon’s emphasis on publishing research through partnerships, and its scientific rigor are at the core of its commitment to developing reliable and scalable solutions for carbon removal.
Mati Carbon’s CSO, Jake Jordan added “ Our research program and collaborators work to make CDR more reliable by improving Monitoring, Reporting and Verification (MRV) techniques. By charting a pathway to cheaper, yet more reliable MRV, we can build a future where ERW works in the Global South to benefit the people who actually live there.”
As Mati Carbon continues to scale its operations and explore new avenues for ERW deployment, this first achievement is a testament to the ERW’s ability to address the pressing challenges of climate change. ERW provides a scalable climate adaptation solution that is accessible to vulnerable populations who are among the most profoundly affected by climate change. Mati Carbon remains committed to its mission of harnessing the power of the Earth’s natural processes to fight climate change, while empowering smallholder farmers in the Global South with sustainable, climate-resilient farming practices.
About Frontier: Frontier is an advance market commitment to buy an initial $1B of permanent carbon removal between 2022 and 2030. It was founded by Stripe, Alphabet, Shopify, Meta, McKinsey Sustainability, and tens of thousands of businesses using Stripe Climate. Frontier’s goal is to accelerate the development of carbon removal technologies by guaranteeing future demand for them. In practice, its team of technical and commercial experts facilitates purchases from high-potential carbon removal companies on behalf of buyers. More information at frontierclimate.com.