Terraton issues first biochar credits, lands $1.5M from HSBC Ventures
What's the deal? Terraton, a biochar platform for agribusiness operators, has issued its first carbon removal credits and signed purchase agreements covering up to 97,240 tonnes with Climeworks Solutions, Climate Impact Partners, Carbonfuture, CUR8, and TerrasetDealroom has a profile for this one. Try Dealroom →. The credits come from EcoFix Kenya, a nut processor in Nanyuki, and were verified by Isometric. The company also secured $1.5 million in debt financing from HSBC Ventures.
The fine print: The 97,240-tonne figure combines committed purchases, reserved future volumes, and marketing rights — not tonnes already delivered. Climeworks Solutions, for example, committed to 2,000 tonnes from EcoFix with a further 14,000 tonnes reserved from future production.
How it works: The EcoFix facility turns nut shells already collected through its processing operation into biochar, requiring no change to the core business. The biochar is a key ingredient in high-quality compost and raises soil pH, countering acidification in depleted tropical soils. Terraton designed, financed, and equipped the site, feeding production data through Offstream's platform for quality checks before submission to Isometric.
Why now? Terraton made its final investment decision on EcoFix in August 2025, began producing biochar in May 2026, and received credits in October 2026 — 14 months from decision to issuance.
What's the endgame? By standardising financing, design, equipment, and data collection, Terraton plans to cut its development timeline to 10 months for future sites. Its next facility, built with Tupande, One Acre Fund's Kenyan brand, is being commissioned in Sagana. The company has signed 28 additional memorandums of understanding, with more than 30 sites in the pipeline across Africa, South America, South Asia, and Southeast Asia.
What they're saying: "The facility at EcoFix went from investment decision to issued credits in fourteen months, all while we were still building our software, structuring our credits, and learning the ins and outs of our equipment," said Kevin Gibbs, chief executive officer of Terraton.
The signal: Biochar is a leading durable carbon-removal pathway, and buyers are increasingly locking in future supply through multi-year offtakes as high-quality credits grow scarce. Isometric called the issuance "the start of regular issuances" — but Terraton's significance will hinge on delivering those planned facilities and sustaining credit flow.
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