Google, McKinsey, and Tencent sign long-term offtake agreements with Thryve.Earth for 635,000 tonnes of carbon removal through agroforestry project in Indonesia

Type: Ppa · Technology: Agriculture · Country: Indonesia · Announced: 2026-07-08

Singapore-based nature-based solutions developer Thryve.Earth secured long-term carbon removal offtake agreements with Google, McKinsey & Company, and Tencent Holdings Ltd totaling 635,000 tonnes of CO2 through its new agroforestry project in Sulawesi, Indonesia. The 10-year agreements include commitments of over 335,000 tonnes from Google and McKinsey via the Symbiosis Coalition, and a separate 300,000-tonne deal with Tencent, marking the largest carbon removal commitment for Google and Tencent’s first nature-based offtake outside China. The Sulawesi Agroforestry Project will restore 6,000 hectares of degraded land using a mixed crop farming system with an upper tree canopy of sugar palm and timber trees, mid-layer fruit crops like papaya and avocado, and ground-level annual crops such as chili and corn. Beyond carbon sequestration, the project aims to improve soil health, reduce fire risk, enhance biodiversity, and create regular job opportunities for local farmers through activities like planting, nursery work, and invasive species management. Thryve.Earth’s agreements provide volume and price certainty, enabling the project to secure financing for large-scale implementation. The Symbiosis Coalition, which facilitated the offtake deals, noted that the project demonstrates how community and ecological co-benefits drive project success and scalability.

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