- Chestnut Carbon has issued and sold more than 64,000 tons of Improved Forest Management carbon removal credits totaling $2.2 million to global financial services companies. - The first issuance and sale of these credits come from their conservation membership program branded as Forest Carbon Works. - Corporate buyers, including JPMorganChase, purchased the credits, contributing to the total revenue of $2.2 million. - The Forest Carbon Works program allows private forest owners in 36 states to access income-generating carbon markets while preserving their land's integrity. - As of February 2025, more than 150,000 acres are enrolled in the program. - The carbon removal credits are certified through Verra on the voluntary carbon market and undergo rigorous third-party audits. - Chestnut's methodology ensures that these credits are highly additional and more durable than most other IFM projects. - Ben Dell, CEO of Chestnut Carbon, expressed pride in the high quality and integrity of their product offering reflected in the premium pricing of their credits. - Chestnut's carbon removal credits focus solely on measuring carbon removal, aligning with sustainability-focused buyers' expectations. - The conservation membership program protects at-risk forests across the U.S. and provides landowners an alternative revenue stream. - Long-term conservation easements attached to member land deeds ensure carbon storage for over 60 years, surpassing the typical 40-year duration of existing IFM programs. - Chestnut Carbon, founded in 2022, develops high-quality forest carbon offsets to accelerate the path to net zero across various industries. - The company utilizes a proprietary, technology-enabled approach to developing forest carbon offset projects on family-owned forestland and marginal crop and pastureland. - Chestnut's team has diverse expertise in forestry, carbon regulation, environment, finance, and land management.

Chestnut Carbon Announces First Issuance of Credits from Forest Conservation Membership Program

News provided by Chestnut Carbon

Feb 26, 2025, 07:00 ET

Chestnut Carbon has issued and sold more than 64,000 tons of Improved Forest Management (IFM) carbon removal credits totaling $2.2 million to global financial services companies.

NEW YORK, Feb. 26, 2025 /PRNewswire/ -- Chestnut Carbon ("Chestnut"), a leading developer of nature-based carbon removal solutions, announced today that they have completed the first issuance and sale of Improved Forest Management (IFM) credits sourced from their conservation membership program branded as Forest Carbon Works.

The issuance of more than 64,000 credits, or tons of carbon removal, were sold to multiple corporate buyers, including JPMorganChase. These transactions totaled $2.2 million.

Chestnut's U.S.-based IFM membership program, Forest Carbon Works, provides an opportunity for private forest owners to access income-generating carbon markets while preserving the integrity and legacy of their land. The program includes landowners in 36 states with more than 150,000 acres enrolled as of February 2025.

These carbon removal credits are certified through Verra on the voluntary carbon market (VCM) and undergo rigorous third-party audits. Chestnut's conservative methodology underlies carbon removal credits which are highly additional and more durable than most IFM projects in the market today.

"We're extremely proud to bring this issuance of IFM carbon removal credits to market," said Ben Dell, CEO of Chestnut Carbon and Managing Partner of Kimmeridge. "The high quality and integrity of our product offering is reflected in the premium pricing we're receiving for our credits."

Chestnut's carbon removal represents the highest quality IFM product available:100% Carbon Removal: Unlike most IFM credits, which represent a blend of avoidance and removal measurement, Chestnut only sells credits measuring carbon removal. These represent emissions removed from the atmosphere and sequestered in new growth, aligning with what many sustainability-focused buyers are looking for today;
Highly Additional: Chestnut's conservation membership program protects at-risk forests across the U.S. and provides landowners with an alternative revenue stream for conservation instead of harvesting their timber; and
Longer Duration: Long-term conservation easements attached to member land deeds ensure carbon is stored for 60+ years. This extended timeframe surpasses most existing IFM programs available in the market (typically 40 years), providing buyers with a reliable and lasting impact on carbon removal.

About Chestnut Carbon
Chestnut Carbon ("Chestnut") is a leading developer of nature-based carbon removal credits. Founded in 2022 with the support of energy-focused alternative asset manager Kimmeridge, Chestnut generates U.S.-based, high-quality forest carbon offsets that are additional and verifiable to accelerate the path to net zero across a range of industries. Chestnut uses a proprietary, technology-enabled approach to developing forest carbon offset projects on family-owned forestland and marginal crop and pastureland. Chestnut's expertise is driven by an experienced team, whose diverse backgrounds include forestry, carbon regulation, environment, finance and land management. For additional information on Chestnut, its strategies and environmental stewardship, please visit https://chestnutcarbon.com/.

Media:
Chris Krolak
Mulberry & Astor
krolak@mulberryandastor.com

SOURCE Chestnut Carbon