🌲 Our foresters have been spending time in the field this summer collecting data from our continuous forest inventory (CFI) plot network in Arkansas. These plots on our afforestation project site, first planted in 2022 and 2023, have shown significant growth and diversification since planting! 🔍 The data from this CFI program provides key metrics on our forests over time and allows us to monitor growth and change as our forests mature. We're excited to see natural regeneration of both softwoods and hardwoods from surrounding existing forests that provides additional density and species diversity. These are important steps in restoring the land to a native, biodiverse ecosystem. 🧑🔧 In addition to building healthy forests, we bring jobs and other benefits to local communities. Our projects help improve local wildlife, air and water quality, and we maintain community engagement programs and benefits for the life of the project. Learn more ➡️ https://lnkd.in/etXbm-n2 #afforestation #carbonmarkets #carboncredits
Chestnut Carbon
Environmental Services
New York, NY 5,280 followers
Building Forests. Removing Carbon. Delivering Quality Net-Zero Solutions.
About us
Chestnut Carbon, a nature-based carbon removal developer, creates and maintains high-quality U.S. forestry projects that meet the most rigorous verification criteria. We help sustainability-focused customers meet their net-zero goals by adhering to the highest standards in today’s markets. Whether you’re a discerning corporate customer seeking to offset your carbon footprint, or a landowner/land trust who wants to participate in the carbon credit market while conserving your lands, Chestnut Carbon can be your trusted long-term partner.
- Website
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https://www.chestnutcarbon.com
External link for Chestnut Carbon
- Industry
- Environmental Services
- Company size
- 51-200 employees
- Headquarters
- New York, NY
- Type
- Privately Held
- Founded
- 2021
Locations
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Primary
15 Little West 12th Street
New York, NY 10014, US
Employees at Chestnut Carbon
Updates
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With the support of Gold Standard, we're raising the bar for carbon crediting excellence. 🥇 Since our founding in 2022, Chestnut has planted over 17 million trees on over 30,000 acres in the Southeastern U.S. Chestnut's projects now cover more than twice the area of New York's Manhattan Island in total, anchoring its position as the largest U.S.-based afforestation project on the Gold Standard registry. "This milestone is a fantastic illustration of how the carbon market can deliver for nature. Forestry and other land use projects have a critical role to play in delivering high-integrity carbon removals while restoring ecosystems and supporting communities." said Margaret Kim, CEO of Gold Standard. "We are committed to enabling projects that not only contribute to global climate goals but also drive tangible and verified impact for people and nature." Reduce your carbon footprint with our high-quality, nature-based carbon solutions and the support of our expert foresters, carbon scientists, and land management specialists. Reach out today ➡️ https://lnkd.in/e8VxF-3q #climate #netzero #decarbonization #afforestation
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💡 New Whitepaper 💡 from DBL Partners. Read how our first-of-its-kind $210M project financing deal: ✔️ Sets a blueprint for scaling nature-based carbon markets. ✔️ Encourages early movers (corporates and financiers) to shape future market structures. ✔️ Echoes the evolution of the solar industry—success driven by structure, trust, and leadership. Nature-based carbon is now a market challenge, not a science one. The deal demonstrates how coordinated efforts can unlock scale and catalyze market transformation. Download now 👉 https://lnkd.in/e_v_j5_v
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Thank you Katie Fehrenbacher of Axios for covering our landmark $210M project financing deal last week. 👏 The article notes that this transaction could be a turning point for an underfunded sector.💲 Read more ➡️ https://lnkd.in/en3FUVQV
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We’re proud to see this important Chestnut Carbon milestone highlighted in ESG Today! As our CFO Greg Adams says in the piece: "Not only does this facility provide the capital to accelerate our afforestation and carbon removal initiatives, but it establishes a replicable model for sustainable finance in the voluntary carbon sector. We believe this is transformative for Chestnut Carbon and for the industry as a whole.” A heartfelt thank you to our partners at JPMorgan Chase Commercial Banking and Microsoft for supporting us in driving this work forward. Together, we’re building the infrastructure for a more sustainable future — one acre at a time. #CarbonRemoval #NatureBasedSolutions #Climate
J.P. Morgan, Microsoft back new financing model to scale nature-based carbon removal projects https://lnkd.in/d66meE6v Chestnut Carbon Brian Marrs Greg Adams Vijnan Batchu #sustainablefinance #carbonremoval #carboncredits #naturebasedsolutions #netzero
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Our Chestnut Carbon Forest Restoration Project will sequester millions of tons of carbon to help combat climate change, but restoring diverse forest ecosystems does so much more than that. Our project co-benefits include economic opportunities for the communities in which we're working, improvements to the air and water quality in the region, and re-building of native wildlife populations. Since a picture says a thousand words, here is ours today. This Louisiana black bear was caught on camera on our property in Catahoula parish this week. The black bear was listed as threatened in 1992, and has since been delisted, thanks to conservation efforts like ours. This is the kind of impact we're having across the Southeast, having restored over 30,000 acres with over 17 million native tree seedlings, expanding healthy habitats for many types of fish and wildlife. 🌳 🐻 🐟 #Climate #Conservation
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The team at Chestnut Carbon is grateful for the support of JPMorgan Chase Commercial Banking as we advance our mission of delivering high-quality US nature-based carbon removal at scale. Strong partnerships like this one help us expand our project footprint and impact. Thank you J.P. Morgan Vijnan Batchu Angela Y. Fuat Savas Francesca Brode and many others for your confidence in our team and for supporting our next phase of growth. #CarbonRemoval #ClimateSolutions #NatureBasedSolutions #ChestnutCarbon
J.P. Morgan is pleased to support Chestnut Carbon in their next phase of growth. The financing announced today is a landmark for the voluntary carbon market. The deal’s structure, underpinned by a long-term offtake contract with Microsoft, brings credit discipline, rigorous underwriting, and scalability to a new asset class.
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Thank you, ERM for your technical advisory on our first-of-its kind project financing with J.P. Morgan to support our commitment to deliver to Microsoft over 7M tons of carbon removal over 25 years!
We are proud to share that ERM has supported as technical advisor to the lenders on a landmark project financing for Chestnut Carbon, advancing U.S. afforestation in the voluntary carbon market. On behalf of the lenders, ERM provided comprehensive due diligence services to assess and mitigate project risks across technical and operational dimensions. Its assessment included evaluation of: - Project registration, validation, and verification timelines - Supply chain management, including seedling sourcing and land acquisition - Alignment with ICVCM Core Carbon Principles and voluntary carbon market standards - Ecological design, biodiversity impacts, and species selection - Community engagement and benefit-sharing - Adherence to foundational carbon principles such as additionality and permanence Read more about the collaboration here: https://lnkd.in/dM98mhrj Rayna Stern, Carly Sibilia, J.P. Morgan #CarbonRemoval #NatureBasedSolutions #ClimateAction
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Thank you, Alastair Marsh, for your Bloomberg piece on Chestnut Carbon's project finance announcement! We're thrilled to have J.P. Morgan as our lending partner supporting our Microsoft contract for 7M tons of carbon removal over 25 years. We hope we are the first of many carbon project developers to secure new forms of debt financing to scale removal efforts.
The carbon market “has really been living on equity or philanthropy for the bulk of its existence,” according to Greg Adams, CFO at carbon removals project developer Chestnut Carbon. Adding debt to the mix is “essential for scale” because it usually reduces the cost of capital and opens the market to a wider group of financiers, he said. Today, Chestnut is announcing it’s secured a $210 million non-recourse financing facility (i.e. a loan contract like you’d see for project finance in other sectors) from a syndicate of banks led by JPMorgan. “You can see a lot of equity in the world of climate tech, but what we really need in this market is debt because that’s how to draw in the infrastructure funds and institutional money,” said JPMorganChase’s Vijnan Batchu. “While this single deal is far from addressing the broader industry needs, it could be seen as a significant turning point for a sector that has struggled to attract more conventional, lower-cost capital,” said Nancy Pfund founder and managing partner at DBL Partners, an investor in Chestnut. #carbonremovals #carboncredits https://lnkd.in/eNC4e2nH
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We’re thrilled to announce that we’ve executed a first-of-its-kind project financing deal for U.S. afforestation in the voluntary carbon market. 🎉 This is an incredible milestone, not just for Chestnut but for the broader industry. It demonstrates that large-scale nature-based carbon projects can attract low-cost, mainstream capital. We’re immensely grateful for the support of Microsoft, J.P. Morgan, and an impressive group of lenders and advisors. We hope this landmark financing structure can be a replicable model for developers in the space. Read the full announcement > https://lnkd.in/eDwdp38X
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