Altitude Hits 1 Million Tonnes in Carbon Removal Financing

Altitude just made climate history by becoming the world's first commercial buyer to finance more than 1 million tonnes of carbon dioxide removal.

The company sealed the record with a partnership with Empacar S.A., a leading Bolivian industrial firm. The deal will purchase over 305,000 tonnes of biochar-based carbon removal credits from new facilities in Bolivia.

Biochar works by heating agricultural waste at high temperatures without oxygen, creating a charcoal-like material that locks carbon away for hundreds of years. When buried in soil, it keeps CO2 out of the atmosphere while improving soil health for farmers.

The Bolivian facilities will tap into local agricultural waste streams, turning what would normally decompose and release carbon back into the air into a permanent climate solution. Global biochar consultancy Bioflux is supporting the plant development, and credits will be issued under the rigorous Puro methodology to ensure quality and verification.

This isn't just good for the planet. The carbon removal facilities will create jobs around feedstock sourcing, plant operations, and logistics in Bolivia. Participating in international carbon markets also brings new revenue streams to the region, funding further infrastructure investment in areas that need it most.

Empacar is part of one of Bolivia's most important and diversified business groups, with investments spanning industry, finance, retail, media, and real estate. Their involvement signals that major regional players see carbon removal as a serious business opportunity, not just a feel-good side project.

The Ripple Effect

Altitude's milestone represents more than just a big number. It shows that carbon removal technology is scaling fast enough to matter in the climate fight.

The company has already signaled it will surpass 1.5 million tonnes soon. They've also financed over 360,000 tonnes of carbon removal in Southeast Asia, proving the model works across different regions and economic contexts.

South America holds tremendous potential for biochar production thanks to its agricultural sectors and available biomass. As more companies like Empacar join the carbon removal market, entire supply chains are developing to support climate action while boosting local economies.

The partnership proves that cleaning up our atmosphere can create economic opportunity in the communities that need it most, while corporate buyers get verified, high-quality carbon removal at scale.

Climate solutions are becoming real business, and Bolivia just joined the front lines.