Published by Todd Bush on October 24, 2022
Blockchain-backed carbon removal marketplace expands its carbon assets by collaborating with one of the world’s largest agricultural companies
October 24, 2022 05:00 AM Eastern Daylight Time SEATTLE--(BUSINESS WIRE)--Nori today announced a collaboration with Bayer’s ForGround platform to scale Nori’s unique carbon removal offset marketplace.
>> In Other News: Bloomberg Increases Carbon Emissions Data to Cover 100,000 Companies
“With this partnership, Nori looks forward to adding hundreds of thousands of Bayer-owned carbon removal offsets,” said Paul Gambill, CEO and cofounder of Nori. “Bayer’s recent announcement of its ForGround by Bayer platform makes our collaboration an ideal way to grow our marketplace and enhance our impact.”
ForGround by Bayer, through its first-of-its-kind platform, is designed to support farmers in their journey through the consideration, adoption, expansion of, and compensation for regenerative agriculture practices through a suite of different programs. In addition, Bayer is also looking to collaborate with companies like Nori that help mitigate climate change by turning farmers’ carbon friendly practices into carbon removal offsets.
“Key to Bayer’s vision is collaborating with innovative companies that are committed to advancing the carbon removal marketplace,” said Leo Bastos, Head of Global Commercial Ecosystems at Bayer. “Through working with groups like Nori, we’re able to enhance the offering within our ForGround platform to potentially enable even more growers to benefit from their environmentally sustainable farming practices.”
Nori’s mission is to reverse climate change by developing market-driven solutions to remove the 1.5 trillion metric tonnes of legacy carbon dioxide from the atmosphere.
Since its founding in 2017, Nori has raised $4 million in seed financing led by Placeholder and a $7 million Series A led by M13. Nori’s strategic investors include Toyota Ventures, Cargill, and The Nature Conservancy. For more information, go to www.nori.com.
Bayer is a global enterprise with core competencies in the life science fields of healthcare and nutrition. Its products and services are designed to help people and the planet thrive by supporting efforts to master the major challenges presented by a growing and aging global population. Bayer is committed to driving sustainable development and generating a positive impact with its businesses. At the same time, the Group aims to increase its earning power and create value through innovation and growth. The Bayer brand stands for trust, reliability, and quality throughout the world. In fiscal 2021, the Group employed around 100,000 people and had sales of 44.1 billion euros. R&D expenses before special items amounted to 5.3 billion euros. For more information, go to www.bayer.com.
The Bayer ForGround platform supports farmers in their journey through the consideration, adoption, expansion of, and compensation for regenerative agriculture practices through a suite of different programs.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🏭 CF Industries Announces Start-up of Donaldsonville Complex CO2 Dehydration and Compression Unit, Permanent CO2 Sequestration 📉 EIA: US Biodiesel And Renewable Diesel Imports Fa...
Inside This Issue 💧 Hydrogen Hubs Hit $10B by 2035: The Real Projects Behind the Numbers 🛑 Shell Scraps Construction of Biofuels Plant in Rotterdam ⚙️ Carbon Capture Made Scalable: Decarbontek Deb...
Inside This Issue ✈️ Qantas Boosts Investment in Sustainable Aviation Fuel with AU$100 Million Commitment 🌊 World’s Largest Facility to Remove Ocean CO2 to Open in Singapore ⚖️ North Dakota Suprem...
Hawaiian Airlines on Aug. 29 announced it will be incorporating sustainable aviation fuel (SAF) on flights between Osaka, Japan, and Honolulu, Hawai‘i under a sales agreement between parent company...
Brossard, Quebec, September 4, 2025 – TheNewswire - CHARBONE HYDROGEN CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the “Company” or “CHARBONE”), a company focused on green hydrogen production an...
Sierra Club’s Mike Brune and DOE’s Grant Faber bring policy and market expertise to strengthen independent quality assurance for carbon removal SAN FRANCISCO, Sept. 05, 2025 (GLOBE NEWSWIRE) -- Ab...
Michigan Senate Approves Carbon Capture Legislation
Michigan bills to let the state permit carbon capture and storage projects passed in the state Senate Thursday. Carbon sequestration is the process of storing carbon dioxide emissions, often underg...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.