Chestnut Carbon

United States · Environmental Services

Chestnut Carbon is a developer of nature-based carbon projects, focusing on high-quality carbon removal credits. The company primarily engages in afforestation projects, adhering to the Gold Standard for rigorous verification. Chestnut Carbon specializes in managing forest carbon offset projects, utilizing a technology-enabled approach to identify and acquire marginal and degraded farmland for planting native trees. The resulting carbon credits are harvested and sold, contributing to environmental sustainability. The company aims to enhance biodiversity, restore natural landscapes, and create economic opportunities for local communities. With significant funding, including $160 million raised in Series B financing, Chestnut Carbon plans to expand its operations and transform hundreds of thousands of acres into forests, targeting the removal of up to 100 million metric tons of carbon dioxide by 2030. Currently, it owns over 35,000 acres in the southeastern United States and has enrolled more than 160,000 acres in improved forest management projects.