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illuminem summarizes for you the essential news of the day. Read the full piece on CNBC or enjoy below:
🗞️ Driving the news: Startups like Eion, Lithos, and UNDO Carbon are pioneering the use of rock dust to make agriculture more carbon-friendly through a process called enhanced rock weathering
• This approach improves soil quality while permanently removing carbon dioxide from the atmosphere, helping to offset agriculture’s significant carbon emissions
🔭 The context: Agriculture is responsible for over 10% of global carbon emissions, but these startups aim to turn it into a carbon solution
• Eion, for instance, uses olivine, a volcanic rock, to condition soil and capture CO2 permanently when it rains
🌍 Why it matters for the planet: By integrating carbon-removing rocks into farming practices, agriculture could play a major role in tackling climate change, reducing the overall carbon footprint, and enhancing soil health at the same time
⏭️ What's next: Eion plans to expand its operations from Mississippi to the Midwest and beyond, aiming to remove the equivalent of 2 million cars' worth of CO2 from the atmosphere annually by 2030
💬 One quote: “By 2030, Eion will be removing about 2 million cars’ worth of carbon from the atmosphere every year,” said Anastasia Pavlovic, CEO of Eion
📈 One stat: Eion has raised $20 million from investors, including Exelon and Growmark
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