[Disclosure: AgFunderNews’ parent company AgFunder is an investor in Eion.]
Eion—a startup with a patented approach to measuring CO2 removed through enhanced rock weathering (ERW) on farmland—has struck a $33 million carbon removal offtake deal with Frontier, a $1 billion+ advance market commitment to purchase permanent carbon removal by 2030 established by McKinsey, Alphabet, Meta, Shopify, and Stripe.
Under the offtake deal, its largest to-date, Eion will remove 78,707 tons of CO2 between 2027-2030 by applying olivine—a mineral it has optimized to weather quickly—on farmland across the Midwest and South.
To support deployment at scale, Eion has partnered with ag co-op Growmark, which has a farmer network reaching nearly 400,000 customers, said Eion CEO Anastasia Pavlovic.
“Frontier’s offtake provides an opportunity to meaningfully scale enhanced rock weathering in the US. Via our partnership with Growmark, we’re excited to deliver tangible value to the farmers who are critical to achieving significant carbon removal while maintaining operational excellence on the farm.”
Soil fingerprinting
Rather than applying ag lime (pulverized limestone or calcium carbonate) to farmland to reduce soil acidity, Berkeley-based Eion supplies farmers with a 1:1 replacement: crushed olivine, a mineral mined in Norway by its partner and investor Sibelco.
Rain and soil acidity dissolve the olivine, which increases soil pH, improves soil health, and absorbs CO2 from the atmosphere. Ultimately, it ends up in rivers and makes its way to the ocean, permanently sequestering carbon. Application levels will vary but are typically around one ton per acre.
Founded by Dr. Elliot Chang and Adam Wolf in 2020, Eion calculates the carbon dioxide removed from the atmosphere through its mineral weathering process by measuring trace elements in the soil (‘soil fingerprinting’) such as magnesium, chromium, and nickel.
Eion takes soil samples before the olivine is applied and monitors changes in the soil over time to quantify weathering and the CO2 removed in the process. Typically, 40-70% of the mineral dissolves six to nine months after application, going down to zero after one to four years, when it can be reapplied.
Eion generates revenue by selling carbon credits to companies looking to offset their emissions, with prices generally in the $300-$400 [per ton CO2 removed] range, although for the Frontier deal the dollar amount is just under $420/ton.
Asked when Eion would see the money, Pavlovic told AgFunderNews: “Revenues from this type of carbon project are recognized annually as credits are verified and delivered, so revenue is spread across the years until 2030.
“Farmers receive a significant portion [of that revenue] that subsidizes their costs of using conventional ag lime – typically this reduces as applied costs in the range of 40-60%. The conventional lime budget can be 10% of the crop budget overall so it’s a significant saving for farmers to participate.”
Enhanced rock weathering: Permanence and scalability potential
While Eion’s business model relies on selling carbon credits, some of which have been deemed ‘worthless,’ the devil is in the detail, Pavlovic told us.
“What people like about enhanced rock weathering is that the permanence and scalability potential is very high but project ramp-up complexity is low, meaning that a large amount of carbon removal can happen even in the next few years, as opposed to credits from direct air capture of carbon, which will take some years to ramp up given facility construction and production ramp-up time.
“I’ll also point out that we don’t view other pathways as competitors. While they also remove carbon dioxide permanently, all of these pathways will be needed to meet our climate goals as a planet.”
While the temptation for corporations buying credits on the voluntary carbon market might be to pick the cheapest option, they are now facing far more scrutiny, which is prompting interest in credits from firms such as Eion that can provide far more robust documentation to support its ISO-compliant methodology, claimed Pavlovic.
“Most enhanced rock weathering (ERW) offtakes have been in the $300–400 range in the last year. We need to get to more reasonable scale to reduce fixed costs and generate more data that can be used to reduce dependency on physical measurement, which is a large part of the costs.”
To place ERW credits in context of other carbon credits on the voluntary market, she said, “You have nature-based solutions such as forests and soils at $25-$100, biomass and biochar solutions at $100-250, ERW at $300-400, BECCS (Bioenergy with Carbon Capture and Storage) at $500-700, and direct air capture at $700-2,000. ERW also has higher permanence than soils and forest technologies; a criteria for Frontier offtake, for example, is that your tech must have 1,000+ year permanence.”
Down the road, Eion is also looking at generating revenue from licensing its patented measurement technology to other players in the enhanced rock weathering space, said Pavlovic: “We are still evaluating that as a slightly different take on our existing go to market.”
ADVERTISEMENT:
Hello, sobat pencinta slots pernahkah denger istilah “slot demo”? jika tidak, siap-siap jatuh hati sama program ini. slot gacor adalah mesin slot yang sering kasih kemenangan. Ya, mesin-mesin ini bisa dibilang adalah andalannya buat bawa pulang hasil. tapi, cemana sih
tekniknya nemuin slot gaco yang tepat? Tenang Bro, kita bahas santai aja di sini
Permainan terbaik waktu ini hanya satu di Indonesia yaitu pasti memberikan ROI tertinggi
SEGERA dengan di :
Informasi mengenai KING SLOT, Segera Daftar Bersama king selot terbaik dan terpercaya no satu di Indonesia. Boleh mendaftar melalui sini king slot serta memberikan hasil kembali yang paling tinggi saat sekarang ini hanyalah KING SLOT atau Raja slot paling gacor, gilak dan gaco saat sekarang di Indonesia melalui program return tinggi di kingselot serta pg king slot
slot demo gacor
slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama kdwapp.com
akun demo slot gacor
akun demo slot gacor permainan paling top dan garansi imbal balik hasil besar bersama kdwapp.com
akun slot demo gacor
akun slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama kdwapp.com
akun demo slot pragmatic
akun demo slot pragmatic permainan paling top dan garansi imbal balik hasil besar bersama kdwapp.com
akun slot demo pragmatic
akun slot demo pragmatic permainan paling top dan garansi imbal balik hasil besar bersama kdwapp.com
akun slot demo
akun slot demo permainan paling top dan garansi imbal balik hasil besar bersama kdwapp.com
akun demo slot
akun demo slot permainan paling top dan garansi imbal balik hasil besar bersama kdwapp.com
slot demo gacor
slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama jebswagstore.com
akun demo slot gacor
akun demo slot gacor permainan paling top dan garansi imbal balik hasil besar bersama jebswagstore.com
akun slot demo gacor
akun slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama jebswagstore.com
akun demo slot pragmatic
akun demo slot pragmatic permainan paling top dan garansi imbal balik hasil besar bersama jebswagstore.com
akun slot demo pragmatic
akun slot demo pragmatic permainan paling top dan garansi imbal balik hasil besar bersama jebswagstore.com
akun slot demo
akun slot demo permainan paling top dan garansi imbal balik hasil besar bersama jebswagstore.com
akun demo slot
akun demo slot permainan paling top dan garansi imbal balik hasil besar bersama jebswagstore.com
slot demo gacor
slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama demoslotgacor.pro
akun demo slot gacor
akun demo slot gacor permainan paling top dan garansi imbal balik hasil besar bersama demoslotgacor.pro
akun slot demo gacor
akun slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama demoslotgacor.pro
akun demo slot pragmatic
akun demo slot pragmatic permainan paling top dan garansi imbal balik hasil besar bersama demoslotgacor.pro
akun slot demo pragmatic
akun slot demo pragmatic permainan paling top dan garansi imbal balik hasil besar bersama demoslotgacor.pro
akun slot demo
akun slot demo permainan paling top dan garansi imbal balik hasil besar bersama demoslotgacor.pro
akun demo slot
akun demo slot permainan paling top dan garansi imbal balik hasil besar bersama demoslotgacor.pro
slot demo gacor
slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net
akun demo slot gacor
akun demo slot gacor permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net
akun slot demo gacor
akun slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net
akun demo slot pragmatic
akun demo slot pragmatic permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net
akun slot demo pragmatic
akun slot demo pragmatic permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net
akun slot demo
akun slot demo permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net
akun demo slot
akun demo slot permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net
situs slot terbaru
situs slot terbaru permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net
slot terbaru
slot terbaru permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net
soda96 permainan paling top dan garansi imbal balik hasil besar bersama soda96.com
sparta88 permainan paling top dan garansi imbal balik hasil besar bersama sparta88.biz
sugesbola88 permainan paling top dan garansi imbal balik hasil besar bersama sugesbola88.org
tektok7777 permainan paling top dan garansi imbal balik hasil besar bersama tektok7777.com
tektok88 permainan paling top dan garansi imbal balik hasil besar bersama tektok88.biz
toinktoto88 permainan paling top dan garansi imbal balik hasil besar bersama toinktoto88.com
tokek888slot permainan paling top dan garansi imbal balik hasil besar bersama tokek888slot.com
topslot888 permainan paling top dan garansi imbal balik hasil besar bersama topslot888.biz
tuanslot888 permainan paling top dan garansi imbal balik hasil besar bersama tuanslot888.club
uang88 permainan paling top dan garansi imbal balik hasil besar bersama uang88.biz
uang8888 permainan paling top dan garansi imbal balik hasil besar bersama uang8888.com
userslot88 permainan paling top dan garansi imbal balik hasil besar bersama userslot88.info
uus88 permainan paling top dan garansi imbal balik hasil besar bersama uus88.biz
waslot88 permainan paling top dan garansi imbal balik hasil besar bersama waslot88.asia
wayantogel88 permainan paling top dan garansi imbal balik hasil besar bersama wayantogel88.com
zona666 permainan paling top dan garansi imbal balik hasil besar bersama zona666.biz
zona88 permainan paling top dan garansi imbal balik hasil besar bersama zona88.biz
slot96 permainan paling top dan garansi imbal balik hasil besar bersama slot96.biz
arjuna69 permainan paling top dan garansi imbal balik hasil besar bersama arjuna69.com
hqtoto88 permainan paling top dan garansi imbal balik hasil besar bersama hqtoto88.com
bangshun88 permainan paling top dan garansi imbal balik hasil besar bersama bangshun88.com
btc999 permainan paling top dan garansi imbal balik hasil besar bersama btc999.org
supraslot888 permainan paling top dan garansi imbal balik hasil besar bersama supraslot888.net
sortoto88 permainan paling top dan garansi imbal balik hasil besar bersama sortoto88.net
logamtoto88 permainan paling top dan garansi imbal balik hasil besar bersama logamtoto88.net
goslot777 permainan paling top dan garansi imbal balik hasil besar bersama goslot777.info
gebyar88 permainan paling top dan garansi imbal balik hasil besar bersama gebyar88.biz
botak88 permainan paling top dan garansi imbal balik hasil besar bersama botak88.biz
ibis88 permainan paling top dan garansi imbal balik hasil besar bersama ibis88.asia
autobot777slot permainan paling top dan garansi imbal balik hasil besar bersama autobot777slot.com
jwmarriott88 permainan paling top dan garansi imbal balik hasil besar bersama jwmarriott88.com
reddoorz88 permainan paling top dan garansi imbal balik hasil besar bersama reddoorz88.com
hotelharris88 permainan paling top dan garansi imbal balik hasil besar bersama hotelharris88.com
novotel88 permainan paling top dan garansi imbal balik hasil besar bersama novotel88.com
orientalplay88 permainan paling top dan garansi imbal balik hasil besar bersama orientalplay88.com
oyo88 permainan paling top dan garansi imbal balik hasil besar bersama oyo88.live
agoda88 permainan paling top dan garansi imbal balik hasil besar bersama agoda88.asia
tiket88 permainan paling top dan garansi imbal balik hasil besar bersama tiket88.asia
santika88 permainan paling top dan garansi imbal balik hasil besar bersama santika88.org
grandaston88 permainan paling top dan garansi imbal balik hasil besar bersama grandaston88.com
booking88 permainan paling top dan garansi imbal balik hasil besar bersama booking88.org
grandmercure88 permainan paling top dan garansi imbal balik hasil besar bersama grandmercure88.com
tripadvisor88 permainan paling top dan garansi imbal balik hasil besar bersama tripadvisor88.com
hotelmulia88 permainan paling top dan garansi imbal balik hasil besar bersama hotelmulia88.com
aryaduta88 permainan paling top dan garansi imbal balik hasil besar bersama aryaduta88.com
shangrila88 permainan paling top dan garansi imbal balik hasil besar bersama shangrila88.com
holidayinn88 permainan paling top dan garansi imbal balik hasil besar bersama holidayinn88.com
antam88 permainan paling top dan garansi imbal balik hasil besar bersama antam88.info
