Google And Microsoft-backed Terradot Acquires Carbon Removal Competitor

In Brief

Carbon removal startup Terradot is acquiring competitor Eion, nan 2 companies announced today. The waste was driven mostly by large investors for illustration sovereign wealthiness funds, which want to activity pinch companies that tin grip ample contracts. Eion was simply excessively small, Eion CEO Anastasia Pavlovic Hans told The Wall Street Journal.

Both companies dispersed pulverized rocks connected workplace fields to sorb c dioxide from nan atmosphere. Known arsenic enhanced stone weathering (EWR), it speeds up a earthy process and has nan imaginable to beryllium a low-cost measurement to region carbon, but it requires ample and distributed operations. The dispersed betwixt what EWR companies would for illustration to complaint and what buyers would for illustration to salary remains wide, according to a study by CDR.fyi. 

California-based Terradot’s operations are centered connected Brazil, wherever nan institution useful pinch basalt arsenic its mineral of choice, while Eion works successful nan U.S. and uses olivine. Terradot’s investor database includes Gigascale Capital, Google, Kleiner Perkins, and Microsoft, while Eion’s investors see AgFunder, Mercator Partners, and Overture.

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