Hempalta, a Canadian carbon credits provider, is looking for strategic partners to join it on its mission of scaling nature-based carbon removal solutions in Alberta.
The company has launched an open call, looking for like-minded stakeholders who want to collaborate with Hempalta as it focuses on expanding its carbon dioxide removal (CDR) operations.
Its CO2 credits are generated from a full-circle approach, which entails growing industrial hemp that gets harvested and converted into biochar on the same farm it was grown on, and the biochar is then applied to the soil, where it will help capture atmospheric carbon dioxide, storing it in a stable form and preventing it from reentering the atmosphere.
This process unlocks a durable carbon sink in agricultural biomass while simultaneously reducing waste material and enriching the quality and resilience of soils.
Currently, Hempalta is operating with a network of 13 Alberta-based farms centered around regenerative hemp cultivation, covering a total surface of 10,000 acres.
So far, the company has verified more than 44,000 tonnes of carbon removal under the ISO 14064-2 by Control Union, which are tracked through its blockchain-enabled registry, Trusted Carbon.
Going forward, the company wants to expand its reach to 25,000 acres of farmland in Alberta, and to that end, it is now looking to form strategic partnerships with farmers and hemp growers, carbon credit buyers, tech innovators, and companies looking to support climate innovations.
Specifically, Hempalta is interested in agricultural growers that can cover a minimum of 1,000 acres of hemp and biochar tech companies that provide mobile or modular pyrolysis systems for on-farm biomass conversion.
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For its carbon credits, the company is searching for partners for a 5-year offtake agreement that will cover up to 100,000 tonnes of durable biochar carbon credits annually, available on the voluntary carbon market. These credits are undergoing review from Alberta’s TIER Protocol with a permanence of more than 100 years.
Lastly, Hempalta wants to partner with companies interested in supporting circular, community-driven climate solutions, which can provide biochar co-funding, carbon credit purchases, or co-investments in regenerative agriculture infrastructure.
