Verde AgriTech Ltd has signed an agreement with UK-based UNDO Carbon Ltd to develop, deliver and sell durable carbon removal credits generated from enhanced rock weathering (ERW) projects in Brazil using Verde’s glauconitic siltstone.
The collaboration aims to establish a commercial framework for high-quality carbon dioxide removal (CDR) credits from Verde’s ERW activities, with the companies stating that successful implementation could remove hundreds of thousands of tonnes of CO₂ from the atmosphere.
Jim Mann, CEO and Founder of UNDO Carbon, said: “The signing of this agreement with Verde demonstrates the potential of UNDO’s end-to-end platform in activating Enhanced Rock Weathering projects globally at pace. By combining Verde’s exceptional mineral resources and operational capacity in Brazil with UNDO’s ERW measurement and technology expertise, we’re creating a blueprint for scaling durable carbon removal. This collaboration is showing that when you bring together complementary strengths, ERW can scale quickly to deliver the gigatonnes of removal the world urgently needs.”
Verde founder and CEO Cristiano Veloso said the agreement was designed to accelerate the monetisation of the company’s ERW activities through carbon markets.
“Today’s exclusive agreement with UNDO creates a clear path to turn Verde’s Enhanced Rock Weathering activities into a scalable revenue stream,” he commented. “By combining our glauconitic siltstone products and established operations in Brazil with UNDO’s award-winning expertise in measurement, reporting, and verification, we aim to originate and deliver durable, high-quality carbon removal credits aligned with global best practices, including leading Enhanced Rock Weathering methodologies.”
The deal marks Verde’s formal entry into the carbon credit market, building on its existing fertilizer operations and its previously announced plan, in 2023, to sell ERW-based carbon credits to international buyers. The agreement sets out how ERW activities using Verde’s glauconite-rich rock can form a distinct product and business line.
For UNDO, the partnership is intended to secure a reliable, large-scale ERW feedstock and a pathway to generate scalable CDR credits from operations in Brazil.
The companies say the partnership is designed to help them capture market share in the emerging ERW credit segment and support innovation and project delivery at scale.
As part of the agreement, Verde will grant UNDO up to 1.7 million common share purchase warrants, divided into three tranches: 100,000 initial warrants, 1,000,000 additional warrants and 600,000 incremental success-based warrants.
