PYREG launches climate finance solution to accelerate biochar carbon removal

PYREG, a German net zero tech company and market leader in biochar carbon removal systems, has launched a first-of-its-kind solution coupling corporate buyers with biochar carbon removal (BCR) credits produced by its carbonisation systems. PYREG Climate Finance Solutions (PCFS) will accelerate the deployment of the company’s technology in the agriculture sector, with PYREG receiving the BCR credits generated from biochar production in exchange for a significant reduction on the upfront cost of its technology. The launch of PCFS will enable more agricultural businesses to unlock the benefits of biochar production, including waste reduction, soil improvement and renewable energy production.

Through PCFS, corporates can take measurable steps towards achieving their net zero targets while simultaneously supporting the acceleration of biochar production worldwide. A pre-purchase of certified BCR credits lowers investment hurdles for businesses, particularly farmers and growers, wishing to utilise the PYREG systems to reduce waste and support sustainable agriculture. When fully operational, PCFS will significantly contribute to meeting the world’s carbon removal targets necessary to reach the goals of the Paris Agreement.

PYREG’s high-tech carbonisation systems – over 50 of which have been deployed globally – have gained industry recognition for their ability to produce high-quality biochar that meets the stringent eligibility requirements set by the Puro Standard for CO₂ Removal Certificates. The modular and scalable carbonisation systems enable PYREG’s customers to convert their organic waste into valuable biochar while simultaneously producing renewable energy. The company’s systems can process a myriad of residues into high-quality, climate-protecting biochar. This waste-to-value process drives a sustainable circular economy supported by BCR credits.

As part of PCFS, PYREG is working with Kita to structure a carbon insurance product, insuring purchasers of the BCR credits from the risk of under-delivery. Kita’s main insurance product, Carbon Purchase Protection Cover, will be implemented as part of PCFS’ risk mitigation framework. Insurance provides confidence for prospective buyers of carbon credits, enabling them to green light investment in impactful carbon dioxide removal (CDR) projects, which have the potential to meet decarbonisation objectives. By offering additional levels of due diligence and quality assessment, PYREG’s inclusion of Kita’s insurance will help channel investment capital towards PCFS. To ensure transparent and efficient monitoring, reporting, and verification, PYREG also fully integrates with Carbonfuture’s MRV+ system. The system includes an advanced sensor setup for facility-level monitoring and enhanced downstream carbon tracking.

Jörg zu Dohna, CEO, PYREG says, “The transition to net zero is well underway but far from fast enough. The good news is that proven solutions are available and waiting to be deployed more widely. Our PYREG systems can be installed quickly to further exploit the CO2-removal potential. The whole PYREG team has done a fantastic job in developing our new finance solution, which will enable us to significantly scale the deployment of our technology and help mitigate the worst impacts of climate change.”

Biochar is considered one of the most impactful CDR methods in terms of the United Nations Sustainable Development Goals. If produced under the right conditions, it removes carbon from the atmosphere for thousands of years. As an agronomic soil conditioner, biochar improves soil fertility, reduces soil contaminants and improves water retention, making it a versatile climate mitigation and adaptation solution. PYREG’s ultra-low emission carbonisation technology also produces renewable heat, which can be fed into local heating networks as green heat or used to generate renewable electricity at production sites.

PYREG systems are a key solution for businesses obliged to substitute fossil energies and to become self-sufficient in their energy needs. Compared to other durable CDR solutions, biochar achieves an excellent environmental, social, and corporate governance rating. Biochar offers many benefits in sustainable agriculture, waste treatment, and renewable energy production while simultaneously tackling climate change.

Related Posts
Others have also viewed

Meet the trailblazing women collaborating to save the ocean and increase gender diversity in STEM

In Mauritius, Scotland, Manchester, London, and Australia a group of award-winning women scientists and experts ...

STUDY: UK transport and logistics industry faces sustainability gap admist AI adoption

HERE Technologies, the leading location data and technology platform, today unveiled insights from its latest ...

Einride, Mars partner for Europe’s biggest road freight electrification in FMCG industry

Einride, a freight mobility company that provides digital, electric and autonomous technology, has partnered with ...

BCG and Climeworks sign historic 15-Year carbon removal agreement

Climeworks, a global leader in carbon removal via direct air capture technology, and Boston Consulting ...