In the United States (US), Farmers Edge Inc., a global leader in digital agriculture and advanced biofuels- and biochemicals producer and process developer Gevo Inc., have signed a Memorandum of Understanding (MoU) to work together to deliver a one-of-a-kind, carbon inset management program.
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Canada-headed Farmers Edge has a portfolio of proprietary technological innovations, spanning hardware, software, and services. Powered by a unique combination of connected field sensors, artificial intelligence, big data analytics, and agronomic expertise, the firm’s digital platform turns data into actions and intelligent insights, delivering value to all stakeholders of the agricultural ecosystem.
Companies around the world are looking for ways to reduce the amount of pollution they produce, and in transportation, fuels derived from crops are a major tool to make that happen, said Wade Barnes, Farmers Edge CEO, and Founder.
Full carbon lifecycle tracking
According to a joint statement, this collaboration with Gevo is expected to support the sustainable development and full carbon lifecycle tracking of carbon intensity (CI) score from low-carbon grain through renewable fuels production.
This pioneering collaboration with Farmers Edge is an industry first to scale-up carbon accounting for climate-smart agricultural practices across the full carbon life cycle from farm to food, fuels, and sustainable products, said Dr Paul Bloom, Chief Carbon and Innovation Officer at Gevo.
Plans for US grower program
The potential combination of Farmers Edge’s highly precise and proprietary datasets with Gevo’s Verity Tracking platform and blockchain technology is expected to create value around agriculturally driven carbon impact.
The goal of Verity Tracking is to increase market validation and liquidity for carbon-based digital assets, return this value in multiple forms back down to the farming level, and provide scientifically modeled, verifiable carbon impact scoring through Argonne GREET to the farmers, commented David George, Gevo’s SVP of Verity Tracking.
The companies plan to launch a program with US growers to measure and track carbon intensity scores for corn and soy in the production of sustainable aviation fuel (SAF) and other low-carbon hydrocarbon fuels.
Our comprehensive digital platform, in conjunction with Gevo’s advanced validation tools, should provide reliable and verifiable ways for carriers around the world to not only reduce their carbon footprint but to be able to prove it, positively impacting their relationships with the end-consumer, said Wade Barnes.
Leveraging carbon insets
The focus of the collaboration is on extracting value from carbon insets. Carbon insets represent the actions taken by an organization to fight climate change within its own value chain, as opposed to carbon offsets, which are typically paying for a project to capture atmospheric carbon dioxide (CO2) somewhere else.
As businesses strive to deliver on the evolving needs of the enviro-cautious end-consumer, this collaboration is expected to create a unique opportunity for the transportation industry to reduce its carbon footprint, meet its sustainability goals, and increase transparency with customers.
This technology will allow farmers to track their feedstock-related CI score which can then be quantified through the value chain into biofuels like SAF, food products, energy, or consumer products. Verity Tracking’s capabilities coupled with Farmers Edge’s innovative technology and analytics should form the basis to make this a market reality, ended David George.
