(AgFunder News) Pivot Bio talks insets vs. offsets, paying farmers, and why nitrous oxide is an overlooked emission
March 20, 2024
Last time AgFunderNews checked in with Pivot Bio, the company had just replaced synthetic nitrogen on 725,000 acres of US farmland via its N-OVATOR pilot, in which growers used Pivot’s microbe-based nitrogen-fixing product to replace synthetic nitrogen and reduce on-farm emissions.
The pilot became available to all Pivot customers in 2023, and recently, Pivot Bio said participating growers had received over $6 million in total from the program, which the company operates in partnership with food and bev companies looking to reduce Scope 3 emissions via purchasing offsets and insets.
Pivot’s nitrogen-fixing product, Proven 40, replaces roughly 20% of a grower’s synthetic nitrogen, according to Pivot Bio. The N-OVATOR program rewards growers for using Proven 40 by connecting them with companies wanting to reduce Scope 3 emissions. READ MORE!