Carbonaires, a London, UK-based carbon asset manager, received a strategic investment from KTM Chemicals S.A.
The amount of the deal was not disclosed.
Through this investment, Carbonaires will deliver infrastructure, logistics, training, management, support and capital deployment to carbon projects that issue high quality carbon removals and enhance biodiversity across KTM’s network and the wider chemical sector, while also further developing KTM’s own Net Zero strategy.
Founded in 2021 and led by Rasih Ozturkmen, Managing Partner, Carbonaires provides funding to enterprises that reduce atmospheric carbon, in turn helping businesses to strengthen their financial viability. The carbon credits generated through projects are made available for purchase to corporations who have committed to a transparent and verifiable carbon reduction plan.
FinSMEs
16/01/2024