Nexus Development Capital invests $5M in Standard Biocarbon

In New York State, Nexus Development Capital, a provider of catalytic capital for sustainable infrastructure project developers, announced a $5 million investment in biochar producer Standard Biocarbon. The funding will enable Standard Biocarbon to scale operations at its facility in Enfield, Maine to meet the growing demand for carbon capture and biochar. The company will commence production of its high-quality biochar in Q1 2024 and is estimated to produce 16,000 cubic yards of biochar and capture 3,000 tons of carbon a year.