This startup provides a blockchain-based platform that connects farmers practicing regenerative agriculture with companies seeking to offset carbon emissions. It offers a global standard and registry for soil carbon removal, enabling farmers to earn revenue by storing atmospheric carbon in their soil, while providing businesses with a verifiable way to support sustainable agricultural practices and offset their carbon footprint.
Funding
Funding not disclosed
Founders
Product
Problem
Many companies struggle to find verifiable and high-impact carbon offsets to meet their Scope 2 & 3 emissions targets. Existing carbon offset programs often lack transparency and may not adequately address broader environmental and social goals.
Solution
ORMEX provides a blockchain-based platform that connects carbon offset buyers with regenerative agriculture projects. The ORMEX Standard certifies projects that implement ecosystemic regenerative farming practices, promoting soil health, improved water retention, and carbon sequestration. Verified carbon credits (V-ACORs) are issued once projects are validated and verified by independent UNFCCC auditors, and these credits are recorded on the ORMEX Registry, providing transparency and trustworthiness. Each carbon credit represents one tonne of CO2e and includes a set of ecosystemic co-benefits monitored annually, ensuring projects contribute to broader environmental and social goals aligned with the UN's Sustainable Development Goals (SDGs).
Target Audience
ORMEX targets companies with Scope 2 & 3 emissions targets and a commitment to achieving specific Sustainable Development Goals (SDGs), as well as national and regional projects implementing regenerative agriculture activities.
Features
- Certification and issuance of V-ACOR carbon credits verified by UNFCCC auditors
- Blockchain-based registry for transparent tracking of carbon credits
- Focus on ecosystemic regenerative farming practices aligned with IPCC Guidelines and FAO calculation tools
- Monitoring of ecosystemic co-benefits, with quantified indicators for 10 out of 17 Sustainable Development Goals (SDGs)
- Digital platform for carbon credit purchase, with company and user profile verification
- Carbon Transfer Certificate guaranteeing carbon credit transfer through the ORMEX Blockchain