{"id":86808,"date":"2024-09-18T00:00:00","date_gmt":"2024-09-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/09\/18\/kenyan-startup-flux-presells-carbon-credits-for-volcanic-rock\/"},"modified":"2024-09-18T00:00:00","modified_gmt":"2024-09-18T00:00:00","slug":"kenyan-startup-flux-presells-carbon-credits-for-volcanic-rock","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/09\/18\/kenyan-startup-flux-presells-carbon-credits-for-volcanic-rock\/","title":{"rendered":"Kenyan startup Flux presells carbon credits for volcanic rock"},"content":{"rendered":"

Nairobi-based climate startup <\/strong>Flux<\/a><\/strong> has sold <\/strong>Africa\u2019s first carbon dioxide removal credits using crushed basalt \u2014 volcanic rock<\/strong>, Bloomberg<\/a> reports. The trade, made on Kenya\u2019s CYNK platform, saw the company presell credits based on the future removal of 540 tons of CO2 from the atmosphere to Milkywire Climate Transformation Fund for USD 370 per ton. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

How is the carbon removed? <\/strong>The startup uses enhanced weathering which pulverizes specific rock types like basalt and disperses the resulting particles over vast areas. These rock fragments interact with rainwater, accelerating the natural process of carbon dioxide absorption. The absorbed CO2 is subsequently carried into the oceans, where it can be sequestered for centuries or millennia.<\/p>\n

More plans on the horizon: <\/strong>Flux\u2019s initial project involves spreading basalt on a 600-hectare sugar cane plantation in Kenya. The company has also signed agreements to implement the technique in Nigeria and Cameroon. In Nigeria, Flux will collaborate with the government, while in Cameroon, it will work with an agribusiness to spread basalt across 205k hectares of cornfields.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company sold 540 tons of CO2 at USD 370 each<\/p>\n","protected":false},"author":1,"featured_media":86809,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[157],"tags":[156,74,11],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-86808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate-in-the-news","tag-climate-in-the-news","tag-decarbonization","tag-enterpriseclimate","wpautop","entry"],"acf":{"mongo_id":"0fa179fa-035c-4242-ba71-f38b45974a85","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/1291.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Kenyan startup Flux presells carbon credits for volcanic rock","related_issue":[86790],"teaser":"The company sold 540 tons of CO2 at USD 370 each","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.cfaf2f15-c8a3-4981-a56e-5d6b734931d4.mp3"},"yoast_head":"\nKenyan startup Flux presells carbon credits for volcanic rock - 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