Published by Todd Bush on February 18, 2025
The Mercedes-AMG PETRONAS F1 Team is partnering with Chestnut Carbon to drive large-scale carbon removal projects across the Southeastern United States. The initiative aims to restore 200 hectares (~500 acres) of degraded farmland into thriving biodiverse forests, aligning with the team’s sustainability goals.
While emissions reduction remains a priority, the team acknowledges the need for high-quality carbon removals to address unavoidable emissions, in line with Oxford Offsetting Principles.
>> In Other News: BKV Announces Strategic Partnership for South Texas CCS Facility
The initiative aligns with the Gold Standard for Global Goals, ensuring third-party auditing, conservative carbon accounting, and lasting impact.
Toto Wolff, CEO & Team Principal, Mercedes-AMG PETRONAS F1 Team:“We are determined to lead by example in sustainability. This collaboration is a crucial step in addressing our residual emissions and reaffirms our commitment to becoming one of the most sustainable global sports teams.”

**Toto Wolff, CEO & Team Principal, Mercedes-AMG PETRONAS F1 Team**
Alice Ashpitel, Head of Sustainability, Mercedes-AMG PETRONAS F1 Team:“Working with Chestnut Carbon enables us to support projects that sequester carbon while benefiting biodiversity and local communities. This investment is key to our broader carbon removal strategy.”

**Alice Ashpitel, Head of Sustainability, Mercedes-AMG PETRONAS F1 Team**
Ben Dell, CEO, Chestnut Carbon:“We’re proud to partner with Mercedes-AMG PETRONAS F1 to deliver high-quality, nature-based carbon removals. Our long-term commitment ensures environmental integrity and community engagement for sustainable impact.”

**Ben Dell, CEO, Chestnut Carbon**
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🌳 Isometric Certifies First Amazon Credits From Mombak 🧱 Consultation: Revision to Concrete Production Methodology (VM0043) 🚢 DRIFT & Commenda Capital Partners Establish Excl...
Inside This Issue 🍁 Ballard Buys GeoPura for $400M in Hydrogen Power Push ⛽ XCF Global Begins Producing Renewable Fuels at New Rise Renewables Reno 📈 WoodMac: CCUS Growth Continues Despite Project...
Inside This Issue ⚡ Airbus and MTU Aero Engines to Create a Joint Venture to Develop a Fully Electric Hydrogen Fuel Cell Engine 🌳 Something Weird Is Going on with the 66 Billion Trees China Plante...
Agreement supports future integration of CCS+ methodology framework within GCC’s carbon market ecosystem and explores development of carbon capture modules for industrial point-source emissions Th...
Consultation: Revision to Concrete Production Methodology (VM0043)
Verra is launching a public consultation on a major revision to VM0043 CO2 Utilization in Concrete Production, v1.1 (methodology development ID #CN0128) in the Verified Carbon Standard (VCS) Progra...
Topsoe Lands Technology Contract for Pioneering Blue Ammonia Fertilizer Project
J Westling & Co will produce blue ammonia, also referred to as low-carbon ammonia, at its facility in Gothenburg, Nebraska, using Topsoe’s advanced SynCOR Ammonia™ technology. The project will...
Google, McKinsey, Tencent Invest in Indonesia Carbon Removal
Google and McKinsey will purchase 335,000 metric tons of nature-based removals through the Symbiosis Coalition, while Tencent will purchase 300,000 metric tons as its first offtake outside of China...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.