Mati Carbon wins $50 million XPrize for innovative CO₂ removal method benefiting farmers in India

The Headline

Mati Carbon's breakthrough: $50 million win and farmer benefits

'We believe there are 100 million smallholder farmer families who can directly benefit in the short term from enhanced rock weathering’s increased income.'

Mati Founder

'Initially, many people were skeptical that the model of working with smallholder farmers was viable.'

An Agarwal

Company Representative

Yield increase experienced by farmers using crushed rocks

20%

Key Facts

Mati Carbon has won the $50 million XPrize for its innovative method of spreading rock dust to capture CO₂ and improve soil health.
Through crushing rocks and spreading them on fields, farmers benefit both from nutrient release and improved soil health.
In India, smallholder farmers have experienced over 20% yield increases from using crushed rocks on rice paddies.

Background Context

Context of the XPrize and the urgent need for carbon removal

Total prize pool of Carbon Removal competition

$100 million

Number of teams that participated in the competition

1300 teams

Number of countries involved in the competition

88 countries

Annual CO₂ removal target by 2050

10 gigatonnes

Key Facts

XPRIZE has announced the winners of its $100 million Carbon Removal competition, showcasing a global effort to develop scalable CO₂ removal solutions.
Launched in 2021, the contest attracted over 1,300 teams from 88 countries, focused on technologies capable of removing gigatonnes of CO₂ by mid-century.
The IPCC estimates that the world needs to remove 10 gigatonnes of CO₂ per year by 2050 to meet climate targets.

Mati Carbon wins $50 million XPrize for innovative CO₂ removal method benefiting farmers in India

Mati Carbon's breakthrough: $50 million win and farmer benefits

Context of the XPrize and the urgent need for carbon removal

Source Citations