～Future developments including the expansion of participating companies and the formulation of guidelines for insetting～
Green Carbon,Inc. (CEO: Jun Okita, hereinafter referred to as “Green Carbon”), a company engaged in the development and sale of nature-based carbon credits, has entered into a strategic partnership with India’s Varhad Capital Private Limited (CEO: Prasad Dahapute, hereinafter referred to as Varhad Capital) and Carbonfuture (CEO: Hannes Junginger) of Switzerland, and has launched a large-scale carbon dioxide removal (CDR) project using biochar in India.
Through this partnership, approximately 120,300 tonnes of high-reliability carbon removal credits will become available via Carbonfuture. This will constitute one of India’s largest CDR projects based on biochar, led by a Japanese company.
◆About the Project
In this project, Varhad Capital will construct two industrial-scale biochar production facilities in the Vidarbha region of Maharashtra. The first plant is scheduled to commence operations in August 2025, with the second plant following in November. These facilities will convert over 6,000 tonnes of agricultural residues annually into biochar, supplying local farmers with biofertiliser that contributes to soil improvement and increased yields. This initiative balances economic stability with environmental conservation, contributing to the expansion of CDR solutions in emerging economies and the development of rural communities.
◆Comments from each company
＜Green Carbon,inc. ：Takato Senoo（COO）＞
By ensuring the long-term viability of biochar production, this agreement enables us to deliver significant environmental benefits while directly improving livelihoods. This represents a crucial step in our strategy to scale technical carbon removal solutions and establish leadership in removal-based carbon credits.
＜Varhad Capital： Siddhartha Pakrashi（Chief Carbon Officer）＞
This marks a transformative moment for Varhad and a milestone for the global biochar CDR sector. This agreement not only enables the large-scale supply of verifiable carbon removal credits but also reaffirms our commitment to soil safety, water resource conservation, and climate-resilient agriculture, ultimately benefiting smallholder farmers.
＜Carbonfuture：Marcel Eichler（Senior Manager CDR Sourcing）＞
This partnership exemplifies the growth of durable carbon removal solutions such as biochar and the benefits they can deliver to local communities. With each credit tracked through Carbonfuture MRV+ to ensure the highest standards of transparency and reliability, this project will lead the way in industrial-scale biochar carbon removal for years to come.
◆Future Outlook
Green Carbon will expand its biochar operations in India through this partnership, managing project development and carbon credit certification. The company aims to become a global leader in the removal-based carbon credit sector within the next two to three years, contributing to net-zero targets and global food security.
Furthermore, this project will build a differentiated, comprehensive portfolio of climate solutions by combining Green Carbon’s expertise in methane reduction technologies for paddy fields (Alternate Wetting and Drying (AWD)) with this initiative.
※1：AWD
AWD is a technique that involves alternating between flooding and natural drying every few days, using the water level in the paddy field as a guide. Compared to continuous flooding, AWD reduces water usage and contributes to the conservation of water resources.
◆ Green Carbon, Inc.
Representative：Jun Okita, CEO
Location ：2-3-2 Kojimachi, Chiyoda-ku, Tokyo, Hanzomon PREX North 9F WeWork
Establishment ：December 2019
Business ：Carbon credit creation and sales business, agriculture-related business, environment-related business, other related businesses and ESG consulting business
URL ： https://green-carbon.co.jp/
◆Varhad Capital Private Limited
Representative： CEO & Founder Prasad Dahapute
Location：Flat No. C-04, Ground Floor, Golden Orchid Society, Plot No. 136, Sector 11, PCNTDA, Chikhali, Pune, Maharashtra, India, 411019
Establishment ： May 2011
URL： https://varhad.in/
◆Carbonfuture
Representative： CEO & Co-Founder Hannes Junginger
Location：Röntgenstraße 16, 8005 Zürich, Switzerland
Establishment： 2020
URL： https://www.carbonfuture.earth/
◆Green Carbon Business Introduction
Green Carbon operates under the vision of “Saving the Earth with the Power of Life”, providing end-to-end support for the creation, registration and sale of nature-based carbon credits both domestically and internationally. Additionally, the company engages in agriculture-related ventures, research and development initiatives, and ESG consulting services.
Our business operations span Japan and Southeast Asia, extending to Australia and South America, generating nature-based carbon credits (rice paddies, biochar, forest conservation, carbon farming, mangrove planting, cattle burps, etc.). In Japan, we have obtained J-Credit certification for rice paddies, the first and largest in Japan (approximately 6,220 tonnes) in fiscal 2023, and plan to expand to approximately 40,000 hectares (approximately 80,000 tonnes) in fiscal 2024. We also offer ‘Agreen’, a service that completes credit registration, application and sales on a single platform, simplifying the procedures and documentation required for credit application and registration, thereby reducing the workload for credit creators.
◆Green Carbon’s social media
Carbon Credits Journal：https://biz-journal.jp/carboncredits/
Linkedin ：https://www.linkedin.com/company/green-carbon-inc/
Facebook：https://www.facebook.com/profile.php?id=61557429326458
X ：https://mobile.x.com/GreenCarbon2019
Wantedly：https://www.wantedly.com/companies/greencarbon2019
Youtube ：https://www.youtube.com/channel/UCYO4WnGOHDaVB1ikxheZasA
note ：https://note.com/green_carbon/