Key facts
- Stack Carbon, based in Uganda, has signed a multi-year offtake agreement with Wild Assets.
- The agreement is for tens of thousands of tonnes of carbon removal credits.
- The credits are from Stack Carbon's enhanced rock weathering project.
- This deal is described as the largest ERW offtake from Africa to date.
- Wild Assets is a U.S.-based company.
Uganda-based Stack Carbon has entered into a substantial multi-year offtake agreement with U.S.-based Wild Assets. The deal involves the sale of tens of thousands of tonnes of carbon removal credits generated by Stack Carbon's enhanced rock weathering project. This agreement is being recognized as the largest enhanced rock weathering (ERW) offtake deal originating from the African continent to date. The partnership is expected to provide Stack Carbon with a significant revenue stream and further validate the potential of carbon removal projects in Africa. Wild Assets, a U.S. entity, will acquire the carbon credits, contributing to the global effort to offset emissions through nature-based and technological solutions. The enhanced rock weathering approach involves spreading finely ground silicate rocks on land to absorb atmospheric carbon dioxide. This project by Stack Carbon represents a key development in the burgeoning carbon market, particularly for projects focused on durable carbon removal.