Living Carbon has secured a $500 million deal with Octopus Energy Generation to restore degraded land and remove up to 50 million tons of CO2 over the next 40 years. The project focuses on transforming old mining sites and degraded farmland in the US into native forests. This partnership includes an additional $13 million investment into Living Carbon's carbon removal business. The company already holds offtake agreements with major firms like Google and Meta, signaling a shift toward institutional project finance in the nature-based carbon removal market.
