Google and Microsoft-backed Terradot is acquiring a rival decarbonization company

Start decarbonisation Terradot Acquires a competitor EternityThe two companies announced today. The sale was largely driven by large investors such as sovereign wealth funds, which want to work with companies that can handle large contracts. Eion was simply too young, Eion CEO, Anastasia Pavlovich Hans He said The Wall Street Journal.

The two companies spread crushed rock on agricultural fields to absorb carbon dioxide from the atmosphere. Known as enhanced rock weathering (EWR), this method speeds up the natural process and has the potential to be practical Low cost method of carbon removalBut it requires large, distributed operations. The difference between what EWR companies are willing to charge and what buyers are willing to pay It remains wideaccording to a survey conducted by CDR.fyi.

California-based Terradot’s operations are concentrated in Brazil, where the company works with basalt as its preferred mineral, while Eion operates… It works in the United States and uses olivine. Terradot’s investors include Gigascale Capital, Google, Kleiner Perkins and Microsoft, while Eion’s investors include AgFunder, Mercator Partners and Overture.