🌳 Enviro Futures #2

HolonIQ's environment futures coverage for the week ahead.

Our Climate Tech coverage has grown significantly, and due to popular demand, we're splitting it into weekly Energy Futures, Enviro Futures, Infra Futures, and Mobility Futures newsletters over the coming weeks.

This newsletter is 'Enviro Futures,' and you can update your subscriptions to any of the other weekly newsletters here.

Happy Monday 👋

The latest data from the FAO reveals that China has overtaken the US in protein consumption, primarily led by plant-based proteins. However, the world’s second most populated country is expecting to see a significant uptick in meat consumption, explaining why the government is looking to scale up the alternative proteins/meat industry. 3Degrees, a climate solutions provider, facilitated a large carbon removal purchase of over 80,000 metric tons for Microsoft from the Blue Creek Forest Project while last week, the UN outlined its opposition on to companies relying on carbon credits to hit climate targets. The EU's new Right-to-Repair Directive goes into effect, mandating that manufacturers create longer-lasting and more easily repairable items. Apollo Global Management is set to acquire U.S. Silica Holdings, a minerals and logistics company, in a deal valued at $3.8B.

🌱 Food Systems

🥗 China Overtakes US in Protein Consumption, Driven by Plant-Based Sources. China now consumes more protein per capita than people in the US, according to the latest data from the UN Food and Agriculture Organization (FAO). But while this is dominated by plant-based sources, meat consumption is set to rise, highlighting why the government is batting for alternative proteins.

🧪Nourish Ingredients Partners with Fonterra on Fermented Fats. Nourish Ingredients, a company specializing in fermentation technology, announced a collaboration with Fonterra, a dairy cooperative, to develop dairy products using fats produced through fermentation.

🌲 Carbon Markets

♻️ Major Carbon Removal Deal Between 3Degrees and Microsoft. 3Degrees, a climate solutions provider, facilitated a large carbon removal purchase of over 80,000 metric tons for Microsoft from the Blue Creek Forest Project owned by Western Rivers Conservancy.

🌳Climate Tech Firms Partner to Expand Carbon Removal Projects. Boomitra, a climate tech company focused on carbon removal, signed an agreement with Alqueria to expand their carbon projects in Colombia.

♻️ Carbon Removal Startup Graphyte Secures $30M Series A Funding. Graphyte, a Pine Bluff, Arkansas-based leader in the durable carbon removal industry, closed a $30M Series A funding round.

♻️ Circular Economy

♻️ EU Right-to-Repair Rules Take Effect. The EU's new Right-to-Repair Directive enters into force, requiring companies to make products easier to repair and have longer lifespans. This legislation is intended to reduce waste and promote a circular economy.

🚰 Global firms compete for major UAE desalination plant contracts. Major global firms are competing for a contract to build a large reverse osmosis desalination plant on Saadiyat Island in the UAE, which will utilize advanced low-carbon technology to produce a significant amount of fresh water.

🌱Indian Garment Industry Embraces Sustainability. The Apparel Export Promotion Council (AEPC) of India highlighted that Indian garment factories follow sustainable manufacturing practices. AEPC is promoting Indian exports and investment at the India Tex Trends Fair in Tokyo.

💰 Environment Deals

💰 Apollo to Take U.S. Silica Private in $3.8 Billion Deal. Apollo Global Management, a private equity firm, agreed to acquire U.S. Silica Holdings, a minerals and logistics company, in a deal valued at $3.8B.

💰 German ESG Platform osapiens Raises $120M Series B. osapiens, a Mannheim-based company providing ESG compliance and sustainability reporting solutions, raised a $120M  Series B funding.

🌳 Carbon Removal Startup Graphyte Secures $30M Series A Funding. Graphyte, a Pine Bluff, Arkansas-based leader in the durable carbon removal industry, closed a $30M Series A funding.

🌱 Applied Carbon Secures $21.5M for Biochar Technology Boosting Soil Health. Applied Carbon, a technology company, raised $21.5M to deploy its biochar production machines that convert agricultural waste into biochar, improving soil health and capturing carbon.

🌱 Leaf Agriculture Raises $11.3M Series A to Digitize Farming. Leaf, a farm data platform, raised a $11.3M Series A funding to accelerate the digital transformation of agriculture.

Thank you for reading. Have a great week ahead!
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