Investors focusing on environmental and sustainable projects support a Greenlandic business combining climate solutions and agricultural technology
Rock Flour Company Raises €6.1M to Revolutionise Sustainable Agriculture and Carbon Removal
The Rock Flour Company (RFC) has announced a successful €6.1M seed round, marking a significant step forward in their mission to develop sustainable solutions for agriculture and permanent carbon removal.
The investment will be allocated towards accelerating research and development (R&D) and processing innovations to reduce the water and quartz content in Greenlandic rock flour (GRF). This will further enhance the product's ability to promote crop growth and carbon sequestration.
GRF, derived from the unique mineral composition of Greenlandic rock, is a fine particle size material that rapidly captures up to 25% of its weight in CO2. Its ability to accelerate CO2 removal through enhanced rock weathering makes it deeply carbon-negative.
In several trials across Denmark, Germany, Belgium, and France, GRF has demonstrated an ability to maintain crop yields while reducing fertilizer use by 25% to 30%. Moreover, in some cases, cropland amended with GRF has demonstrated crop yield uplifts of up to 30%.
The seed round was led by the Export and Investment Fund of Denmark (EIFO) and Novo Holdings, with other investors including Nalik Ventures, SISA, Carbon Drawdown Initiative, 2degrees, The Footprint Fund, Planetary Impact Ventures, and strategic angels.
RFC plans to use the investment to commence commercial deployment of its first GRF project in Greenland, initiate long-term commercial pilots, advance large-scale permitting, and build partnerships across the value chain. The company aims to partner with distributors in Denmark first, before moving to the rest of Europe.
GRF offers a solution for European farmers to maintain crop yields while reducing their environmental impact by reducing synthetic fertilizer use. With pressure on farmers to reduce their use of synthetic fertilizer, which contaminates aquatic ecosystems, GRF presents a promising alternative.
GRF is formed by the motion of the Greenland ice sheet and is deposited across Greenland every year. When weathering occurs, the surface exposed on GRF's small particles is very large, enhancing its ability to sequester carbon and provide essential nutrients.
GRF contains potassium, phosphorus, and other key micronutrients, making it a suitable soil amendment. Its unique properties make it an attractive solution for sustainable agriculture and permanent carbon removal.
As RFC moves forward with its commercial deployment, it is poised to make a significant impact on the agriculture industry and the fight against climate change.
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