Terradot acquired the assets of competitor Eion to consolidate the enhanced rock weathering (ERW) market. Microsoft and Google provide financial backing for Terradot.
ERW technology accelerates atmospheric CO2 removal by spreading crushed minerals on farmland. The transaction combines carbon removal contracts from major buyers including Microsoft, Google, and the Frontier climate fund.
This merger creates one of the largest ERW portfolios currently in existence. The deal reflects a broader trend of consolidation in the carbon removal sector to achieve large-scale implementation.
Companies are seeking increased capital and capabilities to meet corporate climate goals.