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Chestnut Carbon Completes Phase 2 Of The US’ Largest Afforestation Project

April 9, 2024

Chestnut Carbon, a pioneering nature-based carbon removal developer, announced the completion of the second phase of its US afforestation project, which includes the planting of 10 million trees and the acquisition of over 21,000 acres of marginal crop and pasturel, an area equivalent to 1.5x the size of Manhattan.

With its first 10 million trees, Chestnut Carbon will sequester approximately 5 million tons of CO2 over the next 50 years. This represents the largest US afforestation project to date registered with the Gold Standard for Global Goals, the industry’s leading certification standard.

As our planet faces increasing challenges posed by climate change, trees play a crucial role in mitigating the impact of CO2 by absorbing it from the atmosphere and storing it. Through its nature-based Restoration Project, Chestnut is bringing carbon capture, environmental and economic benefits to the Southeastern United States, and serving sustainability-focused buyers seeking high-integrity carbon removal credits.

Ben Dell, CEO of Chestnut Carbon and Managing Partner and Co-Founder of Kimmeridge, expressed his enthusiasm: “This achievement represents a milestone in the fight against climate change and underscores the company’s commitment to environmental stewardship and community benefits. We continue to expand Chestnut’s efforts in line with the growing demand we are seeing in the market, and we are proud to serve those buyers looking to achieve net zero targets through competitively priced, high-quality nature-based removal solutions.”

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