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NAIROBI, Kenya, July 16, 2024 /PRNewswire/ — Atmosphere Tech corporate Bio-Logical, a chief biochar carbon removing corporate based totally in Kenya, join $1.3 million in investment. This funding will amplify their Mt. Kenya biochar facility to satisfy the expanding call for for carbon removing and backup order resilience for Kenyan smallholder farmers.
This investment will permit Bio-Logical to extend its carbon removing and fertiliser manufacturing capability to turn out to be probably the most greatest biochar manufacturers on the earth, boosting shrink surrenders and order resilience for 1000’s of smallholder farmers.
“Smallholder farmers, who are some of the worst affected people on earth when it comes to climate change, are currently suffering at the hands of a climate crisis they have played no part in. At Bio-Logical, we use carbon removals to not only sequester carbon but also develop affordable soil regenerating fertiliser which boosts yields and improves the climate resilience of smallholder farmers throughout Kenya.” Philip Hunter, Co-CEO.
The investment spherical used to be led through a bunch of top web worths and alternative traders together with CrossBoundary, Redshaw Advisors and present traders the Steyn Group. This funding helps Bio-Logical’s objective of accelerating its carbon removing capability to 100,000 tonnes of CO2 once a year over the upcoming 18 months, with plans to determine 3 backup websites throughout Kenya.
“Redshaw Advisors is delighted to participate in Bio-logical’s latest fundraising, that will help them to create high integrity carbon removal credits while simultaneously having a positive impact on farmers in need of support with climate resilience. This naturally compliments our work supporting corporates that want to do something positive about climate change, with high quality projects and in countries most in need of support with decarbonisation.” Louis Redshaw, CEO Redshaw Advisors.
Having introduced its offer with Microsoft in 2023, which is the biggest unmarried acquire of biochar carbon removing from an African Biochar venture, Bio-Logical plans to scale up its annual removing capability to 100,000 tonnes of CO2 over the upcoming 18 months.
“This funding round will play a pivotal role in scaling up our Mt.Kenya facility and building a tonnes blueprint for scale as we roll out three new sites throughout Kenya over the next 18 months” Rory Buckworth, Co-CEO.
LinkedIn: https://www.linkedin.com/company/bio-logical/
Site: https://www.bio-logical.green/
Photograph – https://mma.prnewswire.com/media/2460307/Bio_Logical_Mt_Kenya_Site.jpg
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