The joint venture will spearhead a 20,000-hectare project in Lithuania, aiming to transition towards sustainable farming practices and provide accurate measurement of alterations in soil carbon stock.

The collaboration contributes to HeavyFinance’s ambitious goal of eliminating one gigaton of carbon dioxide from the atmosphere by 2050. Both firms stress the importance of cost effectiveness and data precision in promoting participation in the soil carbon offset market.

They will collaborate to experiment with innovative stratification methodologies and to overcome previous challenges in direct measurement across thousands of hectares. This cooperation falls under an extensive international protocol for offsets.

Laimonas Noreika, founder of HeavyFinance, said: “By combining the innovative financing models from HeavyFinance, including Green Loans, with Agricarbon’s innovative soil carbon measurement technology, we can begin to champion the transition to regenerative farming, achieving greater ROI for investors and making best practices more accessible to farmers.

“Collaboration is key to driving climate progress through the carbon credits market and we are excited to be working with Agricarbon to promote greater sustainability.”

Stewart Arbuckle, co-founder & CTO of Agricarbon, added: “We are excited to be working with HeavyFinance as their innovative business model and understanding of and ability to deploy a direct measurement project will be extremely helpful across thousands of hectares, feeding into the ever-important sustainability agenda and promoting better financial opportunities for farmers everywhere.”

Over the next year, the firms plan to extend the project to more companies across Europe, broadening access for both farmers and investors.

This announcement comes on the heels of HeavyFinance’s introduction of Green Loans. This debt instrument allows retail and institutional investors to earn returns on the sale of CO2 removal credits generated from European farmland.