ESG Today writes that 2018-founded Carbo Culture transforms biomass waste into solid carbon, known as biochar. The company's proprietary process uses low-oxygen burning to store as many carbon emissions as possible.

The biochar can then be used in agriculture, as it helps the soil retain more of the nutrients and the water that crops need. At the same time, the company prevents the release of dangerous methane emissions coming from decomposing biomass.

Earlier this year, Carbo Culture commissioned what the company claims to be one of Europe's largest biochar facilities, dubbed R3. Carbo Culture CEO and Co-founder Henrietta Moon said that "we need to create a global (carbon removal) industry from scratch and we’re working against the clock, so the sooner we can roll out our projects to meet this demand, the better we can fight to remain below 2c."