Cleaner Tech
Startup Chestnut Raises $160 Million for Forest Carbon Removal
Company will expand its operations and purchase more land in a bid to help rehabilitate the carbon credit market.
A Chestnut land parcel ready for afforestation in Arkansas.
Photo courtesy of Chestnut CarbonThis article is for subscribers only.
Startup Chestnut Carbon has raised $160 million to plant, restore and manage trees on degraded farmland, generating carbon credits for customers that include Microsoft Corp.
The company’s goal: Providing high-quality, nature-based credits that sidestep issues that have plagued carbon markets.