Removall, the France-based carbon project developer, and Sumitomo Corporation have launched a joint venture called Summit Removall. This venture will co-invest in high-quality, nature-based carbon credit projects globally. It combines Removall’s carbon project development skills with Sumitomo’s strong global presence, especially in Asia. Together, they aim to increase access to premium carbon credits and support climate goals.
This venture will fund and manage certified carbon projects that remove and reduce greenhouse gases. The two companies will also handle the sales of carbon credits to their customers. They will balance their efforts across Europe, Asia, and the Americas.
Yusuke Kinoshita, General Manager of Carbon Solution Business Unit at Sumitomo Corporation, added:
We are thrilled to collaborate with Removall on this significant venture, and we are genuinely excited about what we can achieve together. This partnership aligns perfectly with Sumitomo Corporation’s commitment to sustainability and our goal to contribute to nature-positive and our corporate message ”Enriching Lives and the
World”. By investing in high-quality carbon projects like Mozblue, we are not only supporting ecological restoration but also enhancing our capabilities to deliver impactful environmental solutions on a global scale. We deeply appreciate Removall’s expertise in carbon credits, which will enable us to make an even greater impact”.
Removall is a certified carbon project developer that helps companies and organizations meet their climate goals. They enable them to support, fund, or invest in high-quality carbon projects that deliver real environmental impact.
Flagship Investment: Africa’s Largest Mangrove Restoration Project
Summit Removall’s first big investment is MozBlue Phase 1. This project begins Africa’s largest mangrove restoration project in Mozambique. Developed by Blue Forest and Removall, it aims to restore 5,116 hectares of mangrove forests.
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MozBlue Phase 1 began operations in November 2024.
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It expects to generate about 2.5 million tons of blue carbon credits over 40 years.
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The project will use CCB and VCS VM0033 methods. This will help meet high environmental and social standards.
Mangroves are highly effective carbon sinks. They absorb more CO₂ than tropical forests. They also protect coastlines, support biodiversity, and improve local water quality.
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In an EXCLUSIVE INTERVIEW with Jérôme Beilin, CEO and Co-Founder of Removall, he has shared his valuable insights with CarbonCredits.com
CC: What strategic goals do Removall and Sumitomo Corporation aim to achieve through the creation of Summit Removall?
Jérôme Beilin: Removall and Sumitomo Corporation both aspire to become key carbon markets players in the coming years.
Removall, as a project developer, investor, and carbon credit retailer working with premium corporate end-users, intends to grow its investing capacities thanks to Summit Removall, and develop its commercial presence in Asia.
Thanks to this joint venture, Removall will grow its existing portfolio of 6 projects through a portfolio of 15+ projects in the next couple of years.
Sumitomo Corporation is willing to enter the carbon markets with investments in top-quality, high-integrity, and rare blue carbon projects, as well as securing premium carbon credits for their customers across several industries.
The platform’s goal is to invest in multiple international projects that deliver significant medium- and long-term carbon removal from the atmosphere.
CC: Why was the MozBlue Project in Mozambique chosen as the first investment?
Jérôme Beilin: MozBlue was chosen as the first investment for this Joint Venture between Removall and Sumitomo Corporation for several reasons:
First, this is the 1st phase of the largest mangrove restoration initiative in Africa, with 5 200 hectares to be restored in the 1st phase, but more than 40 000 hectares potential. And we are looking for mangrove restoration at scale.
Second, the project is led by Blue Forest. Blue Forest is a pioneering developer of community-led ecological mangrove restoration projects in Africa and around the world. The UAE-based company specializes in large-scale initiatives and aims to restore natural ecosystems while generating co-benefits for local communities and creating long-term value.
Indeed, the MozBlue project is developed by Removall together with Blue Forest and a very strong consortium of partners such as the Mozambican branch of Eden Reforestation (a US based NGO specialized in ecosystem restoration with a solid expertise on mangrove restoration), Silvestrum (a US based environmental consulting firm having developed the VCS mangrove methodology VM00033), Terra-Firma, and Avante, two Mozambican consulting firms experts in community-based approach and local communities engagement.
CC: What makes mangrove restoration a compelling climate solution?
Jérôme Beilin: Mangroves are among the world’s most effective carbon sinks, playing a crucial role in the fight against climate change. They absorb significantly more CO₂ than tropical forests, making them vital for climate change mitigation. Additionally, mangroves support biodiversity conservation and provide essential benefits to local communities.
Despite their importance, only a small fraction of the approximately 5,400 certified carbon credit projects worldwide focus on mangrove-related carbon sequestration with biodiversity co-benefits.
By investing in Mozambique’s MozBlue Project — the largest mangrove restoration initiative in Africa — Removall and Sumitomo Corporation are helping to expand the supply of rare blue carbon credits.
The MozBlue project will deliver such co-benefits. In addition to supporting the growing global market for decarbonization, these projects will also create employment opportunities for local communities involved in mangrove plantation, improve livelihoods, and contribute to nature-positive efforts such as providing habitats for living creatures and water purification.
CC: How will Summit Removall ensure the integrity and certification of the carbon credits generated from its projects?
Jérôme Beilin: The MozBlue Project is listed under the Verified Carbon Standard (VCS), using the most recent methodology for Blue Carbon Project: the VM0033 (Methodology for Tidal Wetland and Seagrass Restoration v2.1).
As the program shows incredible biodiversity and social impacts, the MozBlue Project will be double certified through an additional CCB certification (Climate, Community and Biodiversity).
This dual certification will establish the project as environmentally and socially responsible, providing transparency and accountability in reporting.
The quality of the project has been thoroughly studied by our expert team and through our risk management process.
Best-in-Class MRV methodology procedures (including remote sensing and field surveys) will be followed and will also be completed through regular field visits by our team. Regarding additionality, the project is developed in a Least Developed Country.
As for the carbon potential of the project, we use very conservative estimations to calculate the carbon credit emissions, including conservative assumptions on the project baseline. The project carbon curve and baselines, as well as the PDD, are done by the world best carbon expert for Blue Carbon projects. Moreover, Blue Forest is taking a very conservative approach on carbon calculations sheets which strengthen the project robustness.
CC: How will local communities in Mozambique benefit from the MozBlue Phase 1 project in terms of employment and ecosystem services?
Jérôme Beilin: In addition to its decisive environmental impact, the first phase of the project will create over 700 direct jobs and multiple indirect jobs, reaching over 50 local communities, representing more than people.
Through an innovative and ambitious benefit-sharing scheme, the project will also fund income-generating community activities such as the cultivation of alternative wood to mangroves, fishing, farming, livestock, and beekeeping.
CC: Looking ahead, what types of carbon removal projects and regions will Summit Removall prioritize for future investments?
Jérôme Beilin: Removall and Sumitomo Corporation are mainly looking for any Nature Based Solutions removal projects as of today. We can also evaluate carbon avoidance projects, especially on clean water access and clean cooking in emerging countries.
As we don’t have geographical restrictions, we are open to any geography. In fact, we are currently evaluating other investment opportunities in Africa, Asia, Latin and Central America.
Why Blue Carbon Projects Matter
Despite their benefits, mangrove restoration projects are rare in the carbon market. Of 5,400 certified carbon credit projects worldwide, only a few focus on mangroves. With increasing demand for blue carbon credits, which relate to ocean-based carbon removal, projects like MozBlue are essential.
By investing in this Mozambique initiative, Removall and Sumitomo Corporation are increasing the limited global supply of blue carbon credits. They are also:
Scaling Nature-Based Solutions Globally
MozBlue is just the beginning of this climate initiative. Blue Forest aims to restore and protect up to 155,000 hectares of mangroves in Mozambique in the coming years. Future phases will plant native mangrove species. This will help climate and biodiversity in the long term.
Summit Removall, Removall, and Sumitomo Corporation will look for high-quality, nature-based carbon credit investments worldwide. This joint platform will focus on projects that make high-quality carbon removal credits. These credits will be sold to companies in Europe, Asia (like Japan), and the Americas.
Africa’s Growing Role in the Carbon Credit Market
In 2024, the global market produced about 290 million tons of carbon credits. Africa contributed 20%, or 59 million tons. By 2030, Africa could produce as much as 2.4 billion tons of carbon credits each year. This shows significant growth potential.
Thus, Removall and Sumitomo Corporation will work together in this growing market and tap every opportunity to boost the carbon credit market.
