Japan’s All Nippon Airways (ANA Holdings) has, through its corporate venture capital (CVC) fund ANA Future Frontier Fund LP, invested in Terraton Industrial, a US-based software platform provider that scales biochar carbon removal.
It marks ANA’s second sustainability-focused acquisition in quick succession, with the Japanese group having earlier this week announced its purchase of corporate sustainability and ESG management start-up Cierpa.
Agricultural businesses in regions burdened by climate impacts and rising production costs are struggling to remain profitable. Biochar presents a promising solution by converting unused agricultural waste into stable carbon that improves soil health and generates additional income through verified carbon credits. Yet, its broader adoption has been limited by high upfront costs, operational complexity, and restricted market access.
Terraton is addressing these barriers with a vertically integrated platform that combines software, hardware, and financing to help operators launch and manage biochar facilities with minimal initial investment. Through this model, agribusinesses can efficiently run reliable operations while monetizing carbon credits. Terraton has already launched two projects—including one with cocoa farmers in Ghana—and secured a pre-purchase agreement for carbon credits, providing early validation and traction for its approach.
ANA made the decision to invest in Terraton for its unique platform that addresses the carbon credit supply gap while creating new revenue streams for agribusiness operators and strengthening local economies. Through this investment, ANA aims to support Terraton’s growth and help accelerate the global transition to a low-carbon economy.
