TrueCoco Ghana is a pioneering company in organic coconut agriculture. It has initiated a biochar project with CrystalTrade as its dMRV partner. Located in Ghana, this facility aims to become the first Puro.earth-certified biochar project in the region, using coconut husk as its feedstock, collected from farmers in the area. With a target of removing 250,000 tonnes of CO₂ by 2030, TrueCoco’s project highlights both significant climate impact and extensive social benefits.
Project financing from British International Investment (BII)
With significant financial support from British International Investment (BII), the UK’s development finance institution, TrueCoco’s biochar facility is on track to begin construction in the next months. BII invests in sustainable and inclusive economies in emerging countries. BII committed that at least 30% of its new investments between 2022-2026 will support climate finance. This collaboration with TrueCoco aligns with their mission to enhance growth in impactful climate solutions across Africa.
TrueCoco’s 2030 vision and ambitious goals
TrueCoco aims to be one of the leading players in carbon removal technology across West Africa. Here are TrueCoco’s key goals for 2030:
- Remove over 250,000 metric tons of CO₂ from the atmosphere, significantly contributing to global climate targets.
- Produce more than 120,000 metric tons of organic biochar, certified by Puro.earth, which will be available for sale to smallholder farmers, enhancing soil quality and agricultural productivity.
- Enhance the livelihoods of more than 30,000 farmers and over 120,000 dependents, empowering families and supporting resilient agricultural communities.
- Generate over 60 direct employment opportunities within the facility, contributing to the local economy.
- Achieve six United Nations Sustainable Development Goals (SDGs):
- SDG1: No Poverty
- SDG2: Zero Hunger
- SDG8: Decent Work & Economic Growth
- SDG12: Responsible Consumption & Production
- SDG13: Climate Action
- SDG15: Life on Land
The role of CrystalTrade’s dMRV solution in achieving TrueCoco’s goals
As TrueCoco’s dMRV partner, CrystalTrade provides real-time tracking of biochar production, generating high-quality carbon credits under the Puro.earth methodology. The digitalization of project registration accelerates the entire process, while data collected through dMRV. Thats enables reports and dashboards that highlight key insights to support data-driven decisions for efficient growth. This transparency ensures TrueCoco’s compliance with Puro.earth standards and facilitates its access to the voluntary carbon market.
Expanding access to the voluntary carbon market
With CrystalTrade’s dMRV platform, TrueCoco can connect directly with the voluntary carbon market, reaching new corporate buyers interested in high-quality, data-backed carbon credits. TrueCoco’s story sets a precedent for other project developers, demonstrating how impactful biochar initiatives can be achieved through partnerships with leaders in digital MRV. This collaboration between CrystalTrade and TrueCoco highlights the role of dMRV in carbon removal projects.