This post is a part of the Early Stage Climate Startup series from Climafix 2024
Highlight
- Almericus uses climate tech solutions to restore blue carbon and mangrove ecosystems
1. Value Proposition
- Mangrove Restoration for Carbon Sequestration: Almericus focuses on restoring mangrove ecosystems, capturing 1.8 metric tons of carbon per hectare annually. This initiative supports carbon sequestration and facilitates carbon credit generation. Almericus enables stakeholders to generate revenue from blue carbon credits, valued at $13–$35 per metric ton of CO₂.
2. Pain Points
- Mangrove Degradation: Coastal development and pollution threaten aquatic habitats and mangrove ecosystems. Restoration efforts protect these critical habitats, vital for biodiversity and carbon sequestration.
- Underutilized Blue Carbon Potential: Coastal ecosystems offer significant carbon sequestration opportunities, yet they remain underdeveloped in carbon markets. Monetizing this potential creates new avenues for carbon offsets.
3. Climate Impact
- Enhanced Carbon Sequestration: Mangrove restoration boosts carbon sequestration, capturing significant metric tons of carbon per hectare each year.
- Supporting Biodiversity: Protecting and restoring coastal ecosystems enhances marine biodiversity, creating resilient systems that align with both climate goals and sustainable livelihoods.
4. Current and Future Target
- Current Targets: Corporate entities, companies seeking carbon offsets through blue carbon credits, governments and environmental agencies, and sustainable seafood markets.
- Future Target: As global demand rises, Almericus aims to expand into regions rich in blue-carbon ecosystems.
5. USPs
- Dual Benefits: The combination of sustainable aquaculture and blue carbon projects provides both food production and carbon sequestration advantages.
- High Carbon Sequestration: The focus on mangrove ecosystems, which sequester carbon efficiently, gives the company an edge in the carbon market.
6. Team Profile
- Guruswamy – (Founder & CEO)
7. Startup Headquarters
- India: Chennai