News, Events & Insights

In a landmark transaction for the voluntary carbon market, J.P. Morgan has led a $210 million credit facility for U.S.-based Chestnut Carbon, a company that generates forest carbon removal credits. The credit facility, underpinned by one of the largest carbon removal offtake agreements in the U.S., shows how project financing could potentially help unlock a lower…

Chestnut is proud to partner with Apollo Global Management in addressing their Scope 1 operational emissions through improved forest management (IFM) carbon offsets. Apollo selected carbon offset projects based on rigorous criteria for science-based durability and verification. Read more in their 2024 Sustainability Report.

JPMorgan, Microsoft and nature carbon removal startup Chestnut Carbon have partnered to close a landmark $210 million debt deal to deploy nature-based carbon removal projects.

JPMorgan Chase & Co. has helped structure a first-of-its-kind lending facility for a developer of carbon credits. The US bank, together with a syndicate of smaller lenders, closed a $210 million loan deal that will enable carbon developer Chestnut Carbon to meet its obligations under a 25-year agreement to generate credits from forestry projects in…

Chestnut Carbon announced the successful closing of a landmark non-recourse project finance credit facility of up to $210,000,000—a first-of-its-kind bank financing for a U.S. voluntary carbon removal afforestation project.

DDK Forestry & Real Estate partners with Chestnut Carbon, a company in the voluntary carbon market that develops large-scale afforestation projects that deliver carbon removal credits.

Chestnut Carbon (“Chestnut”), a leading developer of nature-based carbon removal solutions, announced today that it has sold Improved Forest Management (IFM) credits to Sol Systems, a leading U.S. clean energy firm.  Chestnut’s carbon removal credits are certified through Verra on the voluntary carbon market (VCM) and reflect Chestnut’s commitment to quality and integrity. Their conservative…

Chestnut Carbon today announced its expansion into South Carolina, marking the seventh state in its Chestnut Restoration Project (the “Project”). This acquisition brings Chestnut’s total landholdings to over 60,000 acres across the Southeastern U.S. Chestnut recently completed its third planting season and announced a total of 17,000,000 trees planted since 2022. 

High-quality US nature-based removal solutions, which extend beyond permanence, are crucial for voluntary carbon markets as technology-based solutions progress along their cost and innovation curves in the medium term.

Chestnut Carbon, a New York-based developer of nature-based carbon removal credits, has completed its third tree-planting season since launching in 2022. The company has now planted more than 17 million trees across 30,000+ acres of previously unused or marginal land in the Southeastern United States.

Chestnut Carbon announced that it has completed its third afforestation planting season. Since its founding in 2022, Chestnut has planted over 17,000,000 trees on over 30,000 acres in the Southeastern U.S. The Chestnut Sustainable Restoration Project now covers more than twice the area of New York’s Manhattan Island in total, anchoring its position as the…

Chestnut was featured in Net Zero Insights State of Climate Tech Q1 2025 Report as a top equity deal globally in Q1.

US forest carbon project developer Chestnut Carbon has grown rapidly in three years of existence. Already in 2025 the company has concluded a second offtake deal with Microsoft covering 7 million ARR credits, raised $160 million in Series B funding, announced an afforestation offtake contract with a major Formula One racing team and issued and…

A deep dive into Chestnut Carbon’s $160m Series B.

Chestnut Carbon recently signed a 25-year offtake agreement to provide Microsoft Corporation with more than 7 million tons of credits through its afforestation, reforestation, and revegetation project in Southeastern states including Arkansas, Louisiana, and Texas. Chestnut estimates the agreement will restore approximately 60,000 acres of land through the planting of more than 35 million native,…

Since its inception, Chestnut Carbon has enrolled over 160,000 acres in its Improved Forest Management (IFM) membership program branded as “Forest Carbon Works.” The program is one of the largest in the U.S. providing private landowners access to income-generating carbon markets while preserving the integrity and legacy of their forest land. The program currently has…

This ranking recognizes the top 250 U.S.-based companies that are shaping the future of clean energy, sustainable business, and environmental innovation.

Chestnut Carbon, a developer of nature-based carbon removal projects, announced that it has successfully issued its first Improved Forest Management (IFM) carbon credits generated from the Forest Carbon Works membership program. 

Chestnut Carbon has issued and sold more than 64,000 tons of Improved Forest Management (IFM) carbon removal credits totaling $2.2 million to global financial services companies.

Mercedes-AMG PETRONAS F1 partners with Chestnut Carbon to restore 200 hectares of land, planting 260,000 trees to offset emissions and boost biodiversity A typical passenger vehicle emits 4.6 metric tons of CO₂ per year, or roughly 400g of CO₂ per mile. To help tackle these figures, leading automotive company Mercedes is joining forces with Chestnut…

The Mercedes Formula 1 team has announced a new green initiative with United States-based firm Chestnut Carbon, with an exciting transformation project set.

Few fans would associate Formula 1 racing with sustainability, but perhaps incongruously for a sport that glorifies combustion, the league has a goal to reach net-zero carbon emissions by 2030.

The Mercedes-AMG PETRONAS F1 Team has joined forces with nature-based carbon developer Chestnut Carbon to support high-quality carbon removal projects across the Southeastern United States.

Chestnut Carbon announces a major new funding round on the heels of its deal with Microsoft.

Nature-based carbon removal startup Chestnut Carbon has raised $160 million in Series B financing, the company told TechCrunch. The startup buys marginal and degraded farmland, plants them with native trees, and harvests the resulting carbon credits.

Chestnut Carbon has raised $160 million to plant, restore and manage trees on degraded farmland, generating carbon credits for customers that include Microsoft Corp.

 Chestnut Carbon announced that it has completed a raise of $160 million in a Series B financing. The proceeds will be used to grow its afforestation capacity and sequester an estimated 100 million tons of carbon over the life of Chestnut’s Sustainable Restoration Project.

Chestnut Carbon has verified its Sustainable Restoration Project through the FSC, certifying that the project will have quantified positive impacts on biodiversity by restoring over 16,000 acres (6,500 ha) to native forestlands.

Chestnut’s Sustainable Restoration Project became the first U.S.-based project verified through the Forest Stewardship Council ® Verified Impact program for Biodiversity Conservation – Restoration of Natural Forest Cover.

Microsoft announced Thursday that it’s buying over 7 million tons of carbon credits from Chestnut Carbon.

Microsoft has struck a long-term agreement with Chestnut Carbon, a US-based developer of nature-based carbon projects, to restore 60,000 acres of forest over the next quarter century.

Microsoft has signed a new deal with nature-based carbon removal provider Chestnut for the purchase of 7 million tons of high-quality credits from the Gold Standard-verified Sustainable Restoration project. 

The 25-year offtake agreement is among the largest U.S. afforestation, reforestation, and revegetation (ARR) projects to date.

Chestnut Carbon has entered a new long-term agreement with Microsoft to provide high-quality, nature-based carbon removal from its afforestation, reforestation, and revegetation (ARR) project in the Southern U.S. This agreement, one of the largest ARR offtakes in the U.S., spans 25 years and will deliver over 7 million tons of carbon removal credits.

The climate-driven wildfire crisis calls for a comprehensive, cross-sector approach to funding, research, and action. Chestnut Carbon is proud to be one of the private sector companies helping manage and conserve at-risk forestlands.

Chestnut Carbon, a leading developer of nature-based carbon removal solutions, today announced its expansion into Texas, marking the fifth state in its Chestnut Restoration Project.

A New York-based developer of nature-based carbon projects announced on Wednesday the sale of its first batch of Improved Forest Management (IFM) offsets for $34 each.

NEW YORK, April 17, 2024 /PRNewswire/ — Chestnut Carbon (“Chestnut”), a leading developer of nature-based carbon removal solutions, today announced the sale of its first Improved Forest Management (IFM) carbon removal credits to a large corporate buyer at a price of $34 per credit, a premium to recent publicly announced transactions. These IFM credits are…

Kimmeridge Energy Management, the New York-based firm pledged up to $200 million to forest manager Chestnut Carbon about two years ago. Chestnut Carbon focuses on reforestation projects.

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.

“Our 15-year offtake agreement with Microsoft remains one of the longest contracted delivery schedules in the market today”, said Shannon Smith, Chief Commercial Officer of Chestnut, referencing the deal inked at the very end of last year.

“From a carbon removal standpoint, discerning buyers want high-quality projects that have true additionality and durability, which, in this market, is very hard to find,” said Ben Dell, a managing partner at Kimmeridge and chief executive of Chestnut Carbon, referring to certified projects that involve planting new forests rather than just preserving existing woodlands.

U.S.-based Chestnut Carbon launched in 2022 and started to regrow land they own and manage. The company announced their first contract with Microsoft in December 2023 for the forward delivery of 362,000 ARR credits.

New York-based Kimmeridge Energy Management nearly two years ago committed $200 million to Chestnut Carbon, which generates carbon credits from forest projects. The business late last year signed a 15-year agreement with software giant Microsoft that includes the removal of the equivalent to 362,000 tons of carbon dioxide in its first stage and as much…

Chestnut Carbon, a nature-based carbon removal developer founded by private investment firm Kimmeridge Energy Management Company, LLC, today announced that it has entered into a multi-year offtake agreement to provide Microsoft with high-quality, nature-based carbon removal derived entirely from a novel afforestation project based in the United States. This is the largest afforestation project certified…

The deal is covers the removal of 2.7 million tonnes of CO2 from the atmosphere over 15 years in order to support Microsoft’s climate ambitions. Read more

Chestnut will Remove 362,000 Tons of Carbon for Microsoft in Phase I of the Largest U.S. Gold Standard-Registered Afforestation Project NEW YORK, Dec. 20, 2023 /PRNewswire/ — Chestnut Carbon (“Chestnut”), a nature-based carbon removal developer founded by private investment firm Kimmeridge Energy Management Company, LLC (“Kimmeridge”), today announced that it has entered into a multi-year…

Dec 20 (Reuters) – Microsoft Corp (MSFT.O) has struck a deal with offsets startup Chestnut Carbon to acquire credits linked to the removal of carbon dioxide from the atmosphere, the firms said Wednesday, as part of the tech giant’s push to meet its sustainability goals. Unlike other offset deals that generate credits by preserving trees,…

Microsoft and nature-based carbon removal startup Chestnut Carbon announced today a 15-year offtake agreement, with Chestnut providing Microsoft with potentially more than 3 million tons of nature based credits from its U.S.-based afforestation project. The deal includes the removal of 362,000 tons of carbon in its first phase, and up to 2.7 million tons in…

Greg Adams to serve as Chief Financial Officer; Shannon Smith to serve as Chief Commercial Officer Chestnut develops the highest-quality nature-based carbon credits to help sustainability-focused companies achieve their net zero goals NEW YORK, Sept. 22, 2023 /PRNewswire/ — Chestnut Carbon (“Chestnut”), a nature-based carbon offset developer founded by private investment firm Kimmeridge, today announced…