Oikocredit partners with biochar producer NetZero to scale operations in Brazil
04 juin | 2024 US$ 2.5 million investment is Oikocredit’s first in carbon sequestration in the agricultural value chain.
Oikocredit has entered into partnership with French green-tech company NetZero to support expansion of NetZero’s biochar production in Brazil, extracting atmospheric carbon and enabling smallholder coffee farmers to increase their yields.
Oikocredit’s investment furthers its mission of improving smallholder growers’ livelihoods and its commitment to innovate in agriculture value chains. NetZero’s process extracts carbon from local crop residues, in this case coffee husk, to generate biochar – a very stable form of porous carbon that farmers can mix into the soil. As well as creating well-paid industrial jobs in rural areas, NetZero sells biochar to farmers at affordable prices to boost their crop yields with a lower carbon footprint and raise their incomes.
Read the press release here
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