PORTLAND, ME, Nexus Development Capital, a provider of catalytic capital for sustainable infrastructure project developers, announced a $5M investment in biochar producer Standard Biocarbon.

Standard Biocarbon is creating a new model to scale biochar production using proven advanced technology and a relentless focus on product quality and consistency to expand markets. We are a first mover in a sector on a trajectory to become a widely used commodity in a range of high value uses. Our first biochar plant is scheduled to start operations in Q1 2024 and will manufacture high carbon biochar from sawmill residuals sourced onsite with full chain of custody. We are working to catalyze a new green growth industry in our region, leveraging a robust but evolving forest products sector to serve growing demand for less CO2 in the air, better soil, cleaner water and more resiliency to the impacts of severe weather.