Latest news with #CarbonDioxide
Borneo Post
26-05-2025
- Science
- Borneo Post
Sagah: Tropi named Malaysia's sole partner in global peatland research project
Sagah addresses members of the august House during the DUN sitting today. – Sarawak Public Communications Unit photo KUCHING (May 26): The Sarawak Tropical Peat Research Institute (Tropi) has been appointed as Malaysia's sole partner for the Nitrous Oxide (N2O) Budgets in Peatlands: From Processes to Global Comprehension project this year, said Dato Sri Roland Sagah Wee Inn. The Education, Innovation and Talent Development Minister stated that as part of this collaboration, a Miro Multi-compound Gas Analyser System was deployed at a field site in February to continuously monitor greenhouse gas (GHG) fluxes — specifically Nitrous Oxide (N2O), Carbon Dioxide (CO2), and Methane (CH4). 'To address data transmission challenges from the remote location, the Miro system has been integrated with Starlink satellite internet, enabling real-time, digitised data transfer to Tropi's central repository. 'This setup allows Tropi researchers to continuously access, monitor, and analyse GHG flux data, significantly enhancing the efficiency and responsiveness of their monitoring efforts,' said Sagah during his ministerial winding-up speech at the State Legislative Assembly (DUN) Sitting here today. Sagah said Tropi continues to make substantial contributions to global scientific discourse on peatland conservation and sustainable development in 2025. The institution represented Sarawak at major international platforms, including the International Soil Science Conference 2025, the European Geosciences Union General Assembly (EGU2025), the International Peatland Society Annual Convention 2025, and the 12th Intecol Wetlands Conference. In the speech, Roland highlighted the Sarawak Biodiversity Centre's (SBC) efforts to commercialise biodiversity-based products through a structured and scientific approach. 'This approach involves a progression of registering end products that have traditional claims, to scientifically validated modern health claims and subsequently as pharmaceutical applications,' he said. As a start, SBC is targeting four monographs of local species. 'Monographs are detailed scientific documents that describe the species characteristics, their traditional uses, preparation methods, phytochemical information, pharmacological as well as safety and toxicity of the species. These are important references for registering a product.' He said SBC aims to register these species as natural products with traditional claims with the National Pharmaceutical Regulatory Agency (NPRA) by November 2025. 'If successfully commercialised, these will result in benefit sharing with the communities.' 'Speaking of communities, on May 22 to 24 this year, 46 members from 15 indigenous communities, from 40 locations throughout Sarawak convened at SBC for the annual Traditional Knowledge Documentation Workshop. 'The spotlight of this annual workshop is on prioritising their respective plants and associated traditional knowledge for commercialisation,' he added. Sagah said these initiatives reflect his ministry's commitment to both scientific advancement and sustainable economic development, in line with the international theme for Biodiversity Day 2025, 'Harmony with Nature and Sustainable Development.' 'By recognising the value of traditional knowledge and our biological resources, we are not only committed to sustainable economic growth, but also the preservation of our biodiversity,' he said.
Yahoo
22-05-2025
- Business
- Yahoo
Alt Carbon raises $12 million seed round to scale Carbon Removal (CDR) in the Global South
Alt Carbon raises $12 million seed round $12 million seed will be the largest funding round for climate tech in India Funding round led by Lachy Groom with participation from existing investors To accelerate investments in CDR, Earth Sciences R&D and advanced hardware San Francisco and Bangalore, May 21, 2025 (GLOBE NEWSWIRE) -- : Alt Carbon, a deep-tech science & data company, announced a $12 million seed funding round to build the agricultural infrastructure for climate action. The investment will help accelerate Carbon Dioxide Removal (CDR) in the Global South and expand Earth Sciences R&D, advance hardware innovations, and scale-up operations for durable climate action in India. The round was led by Lachy Groom, with participation from existing investors. This marks the largest seed round for climate tech in India, underscoring the novelty of the technology, growing demand for removal-based carbon credits, and the burgeoning opportunity for India to become the world's frontier for climate action. 'Alt Carbon is tackling a once-in-a-generation challenge. The personal journey of the founders, their technical approach, and ambitious vision will help us remove CO₂ from the atmosphere at gigaton scale — all while adapting agricultural land for climate impact. In just 18 months, the team has built a world-class lab, created proprietary models, and laid the foundation for a new class of carbon removal and agricultural infrastructure. This is a category-defining deep-tech company that will reshape how the world thinks about climate action,' said Lachy Groom, Investor and Co-founder of Physical Intelligence. Alt Carbon uses a novel carbon removal method called Enhanced Rock Weathering (ERW), which involves sourcing waste basalt rock dust from mines and spreading it across agricultural fields. This volcanic rock not only improves soil health and crop yields but also reacts naturally with rainwater to remove carbon dioxide. When CO₂ in rainwater interacts with the basalt dust, a chemical reaction converts it into stable bicarbonate ions that are stored in the soil. Over time, these ions travel through river networks to the ocean, where they eventually reside as calcium carbonate (CaCO₃) for over 10,000 years. Alt Carbon's flagship initiative, The Darjeeling Revival Project (DRP), is a first-of-its-kind effort to unite climate action with cultural and ecological restoration. With an ambitious goal to remove carbon dioxide at scale, the DRP aims to not just remove CO₂ but also restore livelihoods, revive degraded soils and ecosystems, and preserve India's most valued export: Darjeeling's tea. The project represents a new model for climate action — one that's rooted in science, powered by community, and driven by the belief that revivals require ambition and audacious bets. 'The climate crisis demands bold bets on science innovation, rethinking infrastructure, and deploying capital. Enhanced Rock Weathering is one of the most promising, permanent carbon removal pathways we have, and yet it's vastly underbuilt. What sets us apart is our obsession with scientific depth: we're building advanced labs and engineering the scientific backbone of a new era of climate action grounded in the Global South. Extraordinary crises require outsized ambition, and we now have the capital to kickstart a climate revolution and have a shot at gigaton-scale carbon removal,' said Co-founder & CEO Shrey Agarwal, Alt Carbon. In just the last two months, Alt Carbon signed two landmark agreements that signal a new chapter in climate collaboration between Japan and India. A strategic partnership with Mitsubishi Corporation marked a first of its kind framework for scaling Enhanced Rock Weathering (ERW) — a strong vote of confidence in both the science and Alt Carbon's execution. This was followed by a historic offtake agreement with MOL Group to purchase 10,000 tonnes of carbon removal credits — the world's first direct CDR offtake by a shipping company for ERW, and the first such deal between a Japanese and Indian company. Together, these partnerships not only validate ERW as a credible, scalable climate solution, but also mark the emergence of a robust Japan–India business corridor rooted in science-led, cross-border climate action. Alt Carbon has also received early catalytic support from ACT, a leading non-profit philanthropy platform, and participation from existing investors and leading angels, including Shastra VC, Jason Zhao (Co Founder, PIP Labs), Awais Ahmed (Co Founder, Pixxel Space), Amarendra Singh (Co Founder, DeHaat), among others. Nine months ago, Alt Carbon made history as the first India-headquartered company to be selected by Frontier, a $1 billion Advance Market Commitment backed by Stripe, Alphabet, Meta, Shopify, and McKinsey — to scale permanent carbon removal. Alt Carbon also became the first ERW company globally to receive an offtake agreement from the South Pole & Mitsubishi-led NextGen buyer's coalition. Alt Carbon also announced the appointment of Yashovardhan Bhagat (former co-founder of ed-tech platform Seekho) as Chief Operating Officer to scale its carbon removal operations across India, Adithya Venkatesan (former brand head at Gojek, Meesho and Last9) to lead the in-house Climate Studio, and Dr. Sourav Ganguly (PhD, Indian Institute of Science, Bangalore) to lead the science & modelling team. 'India needs $1 trillion of climate finance by 2030 alone to adapt our soil, rivers, and cities to climate impact. Globally, we need to remove 10 billion tons of CO₂ every year by 2050. We're nowhere close to either of these targets. Our goal is to make India a hub for carbon removal. We plan to remove CO₂ at scale from the Global South, for the planet,' said Co-founder & President, Sparsh Agarwal. He added, 'We thank the partners who have joined us in this ambitious, whirlwind journey, to revive Darjeeling, remove CO₂ and undo the clock for this planet.' - Notes to the editorFor further information please contact the Alt Carbon press office: Adithya Venkatesan on adithya@ Media images About Alt CarbonAlt Carbon is a deeptech science and data company, building agri infrastructure for climate action. We aim to make South Asia a hub for Carbon Dioxide Removal (CDR) through technology pathways like Enhanced Rock Weathering. We work with farmers and scientists in the Global South, to turn underutilized land into carbon sinks. Our flagship initiative, the Darjeeling Revival Project (DRP), is a first-of-its-kind effort to unite climate action with cultural and ecological restoration — by reviving degraded soils, restoring livelihoods, and rebuilding ecosystems. We're rooted in science, powered by community, and driven by the belief that revivals require ambitious people and audacious bets. Our mission is to remove 5 million metric tons of CO₂ by 2030. For more information please visit or follow us via LinkedIn or X About Lachy GroomLachy Groom has invested in over 200 companies including Anduril, OpenAI, Ramp, Notion, Figma, and Zepto. Lachy was previously an early employee at Stripe where he helped scale the company to over 2,500 employees. During his time there he led several teams, including Core Payments, Financial Partnerships, Stripe's expansion into the Asia Pacific, and Stripe Issuing. Lachy is also one of the six co-founders of Physical Intelligence. About ACTACT Capital Foundation is an Indian venture philanthropy platform that believes that an entrepreneurial mindset, technology and innovation and collective action have the power to create meaningful impact at scale. Driven by a bias for action, ACT funds and supports tech-first innovations that can address India's most critical social need gaps at scale through capital, connections and collectives. "ACT's belief in backing tech-first innovations has helped lay the groundwork for Alt Carbon's first field deployments and validate the efficacy of ERW to remove carbon at scale. Philanthropic capital reflects a shared commitment to help the country meet its decarbonisation goals by accelerating climate solutions that are rooted in local realities and scalable across the Global South," said Alankrita Khera, Director, ACT. Attachment Alt Carbon raises $12 million seed round CONTACT: Adithya Venkatesan — adithya@ in to access your portfolio
Yahoo
22-05-2025
- Business
- Yahoo
Alt Carbon raises $12 million seed round to scale Carbon Removal (CDR) in the Global South
Alt Carbon raises $12 million seed round $12 million seed will be the largest funding round for climate tech in India Funding round led by Lachy Groom with participation from existing investors To accelerate investments in CDR, Earth Sciences R&D and advanced hardware San Francisco and Bangalore, May 21, 2025 (GLOBE NEWSWIRE) -- : Alt Carbon, a deep-tech science & data company, announced a $12 million seed funding round to build the agricultural infrastructure for climate action. The investment will help accelerate Carbon Dioxide Removal (CDR) in the Global South and expand Earth Sciences R&D, advance hardware innovations, and scale-up operations for durable climate action in India. The round was led by Lachy Groom, with participation from existing investors. This marks the largest seed round for climate tech in India, underscoring the novelty of the technology, growing demand for removal-based carbon credits, and the burgeoning opportunity for India to become the world's frontier for climate action. 'Alt Carbon is tackling a once-in-a-generation challenge. The personal journey of the founders, their technical approach, and ambitious vision will help us remove CO₂ from the atmosphere at gigaton scale — all while adapting agricultural land for climate impact. In just 18 months, the team has built a world-class lab, created proprietary models, and laid the foundation for a new class of carbon removal and agricultural infrastructure. This is a category-defining deep-tech company that will reshape how the world thinks about climate action,' said Lachy Groom, Investor and Co-founder of Physical Intelligence. Alt Carbon uses a novel carbon removal method called Enhanced Rock Weathering (ERW), which involves sourcing waste basalt rock dust from mines and spreading it across agricultural fields. This volcanic rock not only improves soil health and crop yields but also reacts naturally with rainwater to remove carbon dioxide. When CO₂ in rainwater interacts with the basalt dust, a chemical reaction converts it into stable bicarbonate ions that are stored in the soil. Over time, these ions travel through river networks to the ocean, where they eventually reside as calcium carbonate (CaCO₃) for over 10,000 years. Alt Carbon's flagship initiative, The Darjeeling Revival Project (DRP), is a first-of-its-kind effort to unite climate action with cultural and ecological restoration. With an ambitious goal to remove carbon dioxide at scale, the DRP aims to not just remove CO₂ but also restore livelihoods, revive degraded soils and ecosystems, and preserve India's most valued export: Darjeeling's tea. The project represents a new model for climate action — one that's rooted in science, powered by community, and driven by the belief that revivals require ambition and audacious bets. 'The climate crisis demands bold bets on science innovation, rethinking infrastructure, and deploying capital. Enhanced Rock Weathering is one of the most promising, permanent carbon removal pathways we have, and yet it's vastly underbuilt. What sets us apart is our obsession with scientific depth: we're building advanced labs and engineering the scientific backbone of a new era of climate action grounded in the Global South. Extraordinary crises require outsized ambition, and we now have the capital to kickstart a climate revolution and have a shot at gigaton-scale carbon removal,' said Co-founder & CEO Shrey Agarwal, Alt Carbon. In just the last two months, Alt Carbon signed two landmark agreements that signal a new chapter in climate collaboration between Japan and India. A strategic partnership with Mitsubishi Corporation marked a first of its kind framework for scaling Enhanced Rock Weathering (ERW) — a strong vote of confidence in both the science and Alt Carbon's execution. This was followed by a historic offtake agreement with MOL Group to purchase 10,000 tonnes of carbon removal credits — the world's first direct CDR offtake by a shipping company for ERW, and the first such deal between a Japanese and Indian company. Together, these partnerships not only validate ERW as a credible, scalable climate solution, but also mark the emergence of a robust Japan–India business corridor rooted in science-led, cross-border climate action. Alt Carbon has also received early catalytic support from ACT, a leading non-profit philanthropy platform, and participation from existing investors and leading angels, including Shastra VC, Jason Zhao (Co Founder, PIP Labs), Awais Ahmed (Co Founder, Pixxel Space), Amarendra Singh (Co Founder, DeHaat), among others. Nine months ago, Alt Carbon made history as the first India-headquartered company to be selected by Frontier, a $1 billion Advance Market Commitment backed by Stripe, Alphabet, Meta, Shopify, and McKinsey — to scale permanent carbon removal. Alt Carbon also became the first ERW company globally to receive an offtake agreement from the South Pole & Mitsubishi-led NextGen buyer's coalition. Alt Carbon also announced the appointment of Yashovardhan Bhagat (former co-founder of ed-tech platform Seekho) as Chief Operating Officer to scale its carbon removal operations across India, Adithya Venkatesan (former brand head at Gojek, Meesho and Last9) to lead the in-house Climate Studio, and Dr. Sourav Ganguly (PhD, Indian Institute of Science, Bangalore) to lead the science & modelling team. 'India needs $1 trillion of climate finance by 2030 alone to adapt our soil, rivers, and cities to climate impact. Globally, we need to remove 10 billion tons of CO₂ every year by 2050. We're nowhere close to either of these targets. Our goal is to make India a hub for carbon removal. We plan to remove CO₂ at scale from the Global South, for the planet,' said Co-founder & President, Sparsh Agarwal. He added, 'We thank the partners who have joined us in this ambitious, whirlwind journey, to revive Darjeeling, remove CO₂ and undo the clock for this planet.' - Notes to the editorFor further information please contact the Alt Carbon press office: Adithya Venkatesan on adithya@ Media images About Alt CarbonAlt Carbon is a deeptech science and data company, building agri infrastructure for climate action. We aim to make South Asia a hub for Carbon Dioxide Removal (CDR) through technology pathways like Enhanced Rock Weathering. We work with farmers and scientists in the Global South, to turn underutilized land into carbon sinks. Our flagship initiative, the Darjeeling Revival Project (DRP), is a first-of-its-kind effort to unite climate action with cultural and ecological restoration — by reviving degraded soils, restoring livelihoods, and rebuilding ecosystems. We're rooted in science, powered by community, and driven by the belief that revivals require ambitious people and audacious bets. Our mission is to remove 5 million metric tons of CO₂ by 2030. For more information please visit or follow us via LinkedIn or X About Lachy GroomLachy Groom has invested in over 200 companies including Anduril, OpenAI, Ramp, Notion, Figma, and Zepto. Lachy was previously an early employee at Stripe where he helped scale the company to over 2,500 employees. During his time there he led several teams, including Core Payments, Financial Partnerships, Stripe's expansion into the Asia Pacific, and Stripe Issuing. Lachy is also one of the six co-founders of Physical Intelligence. About ACTACT Capital Foundation is an Indian venture philanthropy platform that believes that an entrepreneurial mindset, technology and innovation and collective action have the power to create meaningful impact at scale. Driven by a bias for action, ACT funds and supports tech-first innovations that can address India's most critical social need gaps at scale through capital, connections and collectives. "ACT's belief in backing tech-first innovations has helped lay the groundwork for Alt Carbon's first field deployments and validate the efficacy of ERW to remove carbon at scale. Philanthropic capital reflects a shared commitment to help the country meet its decarbonisation goals by accelerating climate solutions that are rooted in local realities and scalable across the Global South," said Alankrita Khera, Director, ACT. Attachment Alt Carbon raises $12 million seed round CONTACT: Adithya Venkatesan — adithya@
Yahoo
01-04-2025
- Automotive
- Yahoo
GenOx Transportation's Partnership with ESMART Has Proven to Strengthen Fleet Safety and Prevent Incidents
Industrial gas carrier shares results from its 2024 partnership with ESMART, highlighting reduced safety events, improved driver performance, and enhanced fleet security. INDIANAPOLIS, April 1, 2025 /PRNewswire/ -- Since partnering with ESMART in 2024, GenOx Transportation, Inc. a specialized hazmat carrier serving the industrial gas industry, has experienced a dramatic improvement in fleet safety. By deploying ESMART's advanced Dynamic Speed Management system across its company fleet, GenOx has effectively reduced safety-related incidents, optimized driver coaching, and eliminated speeding violations. "In our first year, ESMART's technology has helped us achieve measurable improvements in safety," said Chris McCarty, Vice President of Safety at GenOx Transportation. "Since implementing the system, we have had zero speeding citations or CSA violations in the units we have installed. In addition to eliminating speeding events, it has greatly reduced critical safety incidents, including preventing a rollover accident and significantly cutting down on dashcam alerts, for example, following too closely and unsafe lane changes. This has allowed our safety team to focus their time more efficiently, reducing the hours spent reviewing and coaching drivers on avoidable incidents." As a specialized hauler of compressed and liquefied industrial gases—including Nitrogen, Oxygen, Argon, Carbon Dioxide, Hydrogen, Helium, CNG and LNG—safety remains at the core of GenOx's operations. Beyond speed management, the company is also leveraging ESMART's remote vehicle immobilization feature to prevent unauthorized vehicle use and enhance security measures. "Our partnership with GenOx demonstrates the power of proactive fleet safety management," said Joe Thell, Sr. Vice President at ESMART. "Their results speak volumes—not only have they eliminated speeding violations, but they have also drastically reduced other risky driving behaviors. We are proud to support their commitment to keeping their fleet and the public safe." ESMART's Dynamic Speed Management system utilizes GPS-based technology to monitor asset locations in real time and automatically adjust vehicle speeds to stay within predefined safe limits. The system seamlessly integrates with each truck's ECU, enabling fleets to enforce speed-controlled geofences, receive real-time verbal notifications, and ensure consistent speed limit compliance for safer operations. About GenOx Transportation Founded in 2001 and headquartered in Deer Park, Texas, GenOx Transportation specializes in hauling compressed and liquefied industrial gas products. With a fleet of specialized trailers and a commitment to safety, GenOx serves a critical role in transporting essential materials for the industrial gas industry. Learn more at About ESMART Indianapolis and Montreal-based E-SMART provides Dynamic Speed Management solutions to the transportation industry that reduce the risk and liability from speed violations and speed-related crashes. Fleets deploying E-SMART see improved CSA scores and decreased fuel consumption. In addition to its industry-leading Dynamic Speed Management solution, E-SMART is transforming fleet safety with features such as Low Bridge Collision Prevention, Speed Controlled Geofence Zones and Remote Vehicle Immobilization. For more information, please visit Media Contact Callie Myerscmyers@ View original content to download multimedia: SOURCE ESMART
