Four pioneering companies have been awarded a total of $100 million for their groundbreaking carbon capture technologies in the XPRIZE Carbon Removal competition. Mati Carbon emerged as the top winner, claiming the grand prize of $50 million. Their innovative method involves using crushed basalt on agricultural land to accelerate a natural weathering process that permanently captures carbon dioxide while simultaneously enhancing soil quality for small-scale farmers.
The XPRIZE competition, designed to spur climate innovation, has recognized these companies for their potential to make significant impacts on global carbon emissions. Mati Carbon’s approach leverages a natural process that not only sequesters CO2 but also improves soil health, offering a dual benefit for both the climate and agriculture.
This award highlights the growing importance of carbon removal technologies in combating climate change. By supporting such innovations, the XPRIZE aims to scale effective solutions that can be deployed globally to reduce atmospheric carbon dioxide levels.
