Indian firm ProClime and Japan's Cadira Capital Management formed a partnership to mobilise an initial $10 million for biochar carbon removal projects in India. This investment will fund seven plants across six Indian states, converting waste biomass into biochar. The facilities are projected to generate approximately 35,000 carbon dioxide removal credits annually, certified under Puro.earth and Isometric. Cadira will manage capital formation, while ProClime will handle development, operations, and carbon credit origination. Raicho Capital advised on the partnership, aiming to scale permanent carbon removal and create local economic opportunities.
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