Mati Carbon secures innovative debt facility to scale its carbon removal business globally and boost climate resilience

Mati Carbon secures innovative debt facility to scale its carbon removal business globally and boost climate resilience

/PRNewswire/ -- Mati Carbon ("Mati"), a project to bring economic empowerment to smallholder farmers in developing economies through the sale of durable carbon...

JPMorgan Backs Mati Carbon to Scale ERW Carbon Removal Technology

Enhanced rock weathering (ERW) startup Mati Carbon announced that it has secured a new blended finance facility from J.P. Morgan, with proceeds from the financing aimed at enabling the company to scale its carbon removal business globally. The new financing follows a $50 million award to Mati Carbon as the grand prize winner of the XPRIZE Carbon Removal competition. The competition, funded by Elon Musk and the Musk Foundation, aimed to catalyze …