Mati Carbon is the grand prize winner of the XPRIZE Carbon Removal Competition
Floor Talk
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4m 53s
Shantanu Agarwal, Founder + CEO, Mati Carbon joins NYSE Floor Talk.
Mati Carbon received the $50M grand prize for their enhanced rock weathering solution.
The grand prize winner Mati Carbon demonstrated a highly durable approach to CDR, by applying finely crushed basalt over agricultural lands in India to accelerate a natural weathering process that permanently draws down atmospheric CO₂. Beyond carbon removal, Mati Carbon’s process delivers significant benefits to smallholder farmers. These farmers are among the least responsible for and the most vulnerable to the impacts of climate change. Mati Carbon’s deployments bolster farmers’ livelihoods through improved soil health, reduced agricultural inputs, and increased income at zero cost to them. Mati Carbon’s team has developed a scientifically rigorous approach to monitoring and verification, and excelled across each of XPRIZE’s evaluation criteria – operational, sustainability, and cost metrics – giving the XPRIZE judges the highest confidence in Mati Carbon’s solution’s long-term scalability. (Source: XPRIZE)
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