Xprize Carbon awarded to a dirt simple carbon removal technology

Sometimes the simpler idea is the winner.

Of course the winner of the winner XPRULE CARBON Removal CompetitionDeclared on Wednesday. Dead carbon For a thousand years, the developed rock air program locked a carbon in the lands with a $ 50 million big award.

Received the Musk Foundation Award. The escapers who produced BioChar were Netzero; Burying acid vault and burials; and carbon, back to the start of another advanced rock air. Mati also beats Training finalists A number of technologies, the ocean alkalinity expansion is directly captured.

“It is an honor to be selected between the employees of the competitive carbon to the award,” Shantanu Agarwal, Mati Carbon’s founder and CEO Shantanu Agarwal, Techcrunch.

Matin’s carbon extraction technology, advanced rock airIt’s simple. The company naturally increases the surface areas to swallow carbon carbon, turns the rocks that turn carbon dot into fixed minerals. Then, the rock is widespread in the farms that are mineralized carbon and contribute to van vans.

The expanded rock work for several different types of rocks, but Mati uses a volcanic rock available in a number of regions of the world. There thin particles are often waste from the aggregate used in the construction.

Logistics is the key to prepare advanced rock air for the removal of carbon. Mati is a basalt application for farmers for free. Expenses are supported by grant and carbon removal loan sales. The company is expected to deliver a loan with about 5,000 to 6,000 metric tons of carbon this year.

Agarwal said Mati aims to sell less than $ 100 loans for metric tons in early 2030s. For a longer period, the price will fall to $ 70 to $ 80 per metric tone. To confirm loans, the company takes eight samples for all three acres. As the database grows and improves the accuracy of their models, the mat will need less examples.

Agarwal, 200 million small farmers’ areas may benefit from adding to basalts. In general, these small farms usually support about 1 billion people with less than 24 hectares.

“This is about 800 million 900 million acres of arable land,” he said. “You place this carbon withdrawal, you get more than one demolition every year when these farmers increase income.”

After a season, farmers usually produce 25% more than 50% more than 50% more productivity from fertilized soils. It also improves water detention in the soil.

“This material is the fact that there is a product of the product and not the product. This year we saw this year in Zambia. There were farmers in Zambia – and half of the field had a drought because there was one half of the field.”

To reach all these farmers, Agarwal admitted that Mati was difficult to grow fast enough. Thus, Mati plans to provide free licenses to the Institutions’ Resource Planning (EPR) platform, and plan to share at least 50% of any earnings for organizations.

Along with Zambia, the mati also operates in India and Tanzania. The company plans to add three more countries this year, as a result, Agarwal, which is expanding to cover most of the global south, he said.

As many other climate technology beginnings, Mati is registered as a public society company. However, unlike many others, the company is governed by the Swahili Initiative, 501 (C) (3) non-profit.

“I want to build a market mechanism and become a global scale to a non-commercial global scale, which allows you to increase the value of the value to increase the farm,” he said. “This XPRE intends to cover a long way to push us into this direction.”