Mati Carbon helps smallholder farmers in developing countries and aims to bring economic empowerment through selling durable carbon dioxide removal (CDR) credits. Mati recently secured an innovative debt facility from J.P. Morgan to support its expansion efforts. The deal was negotiated on commercial terms and backed by credit support from the Schmidt Family Foundation. It shows how institutional capital can boost large-scale, durable carbon removal solutions.
Mati has become a global leader in durable CDR. The organization proves that high-integrity climate solutions can be both effective and scalable. Its approach uses natural rock weathering, sped up through enhanced rock weathering (ERW). Pulverized volcanic rock is spread on farmland. This removes CO₂ from the atmosphere and restores nutrients to degraded soils. As a result, smallholder farmers see crop yield increases of about 20%. They also need fewer chemical additives, like pesticides.
The new J.P. Morgan financing supports the expansion of ERW technology. Backed by a global bank and a climate-focused philanthropy, it exemplifies how climate finance can help scale permanent carbon removal. Shantanu Agarwal, Mati’s CEO, said this is a transformative step for climate technology. The funding allows Mati to reach more farmers and prove that high-quality carbon removal is both impactful and financially viable.
Mati has developed a strong Monitoring, Reporting, and Verification (MRV) system. In partnership with IIT Kanpur and Yale University, it measures soil properties and carbon removal accurately. The funds will be used to expand ERW into new regions in India and Sub-Saharan Africa. Investments will also go into high-tech labs and strategic partnerships.
Kelly Belcher, J.P. Morgan’s Head of Climate Tech, commented that the support helps Mati grow and contribute to decarbonization.
By 2025, Mati aims to work with 30,000 smallholder farmers across India, Tanzania, and Zambia.
