Jain Irrigation Systems Limited has entered into a significant agreement with Supercritical Tech Ltd. for biochar carbon removal credits. The deal, covering up to 19,000 tonnes from the company’s Jalgaon operations, is set to generate value from agricultural residues. This initiative supports sustainable agricultural practices and contributes to durable carbon removal, with verification underway through Puro.earth and an independent BeZero Carbon rating.
Jain Irrigation Secures Biochar Credit Agreement
Jain Irrigation Systems Limited has announced a strategic agreement with Supercritical Tech Ltd., a recognized carbon removal marketplace. This collaboration focuses on the sale of biochar carbon removal credits generated from Jain Irrigation’s industrial biochar facility located in Jalgaon, Maharashtra. The agreement is set to cover a substantial volume of up to 19,000 tonnes of biochar carbon removal credits for the years 2026 and 2027.
Sustainability and Value Creation
The core of this agreement involves transforming agricultural and food-processing residues into biochar through a gasification process. This not only contributes to durable carbon removal but also promotes sustainable agricultural practices. The project is currently undergoing verification by Puro.earth, with an independent BeZero Carbon rating also in progress, underscoring the environmental integrity of the initiative.
Deal Rationale and Entity Details
Supercritical Tech Ltd., founded in 2021, serves a global network of over 200 corporate buyers and tracks more than 600 suppliers. As of December 31, 2025, the entity reported net assets of approximately GBP 2.1 million and cash balances of approximately GBP 4.4 million. This arrangement is expected to facilitate the commercialization of biochar carbon removal credits, enabling Jain Irrigation to create value from its waste streams while adhering to sustainable practices.
Transaction Details and Compliance
The agreement is classified as an arrangement not in the normal course of business, aimed at establishing a commercial arrangement for biochar credits. Jain Irrigation Systems Limited does not hold any shareholding in Supercritical Tech Ltd. The transaction is confirmed not to fall within the purview of related-party transactions, and no promoter or group company interest is involved. Furthermore, no nominee on the Board of Directors is contemplated, and no conflict of interest is envisaged.
Source: BSE
