Mast Reforestation sells carbon removal credits from Montana biomass burial project to Bain & Company, BMO, and others

Mast Reforestation sold 100% of the carbon removal credits from its Mast Wood Preserve MT1 biomass burial project in Montana, totaling 4,277 credits, within six weeks of issuance. The project, launched in 2025, restores 900 acres of forestland affected by a 2021 wildfire by burying fire-destroyed trees instead of burning them, preventing greenhouse gas emissions. Bain & Company and BMO joined Royal Bank of Canada, CNaught, and Muir AI as buyers of the credits, which were issued under the Puro.earth registry in January 2026. The biomass burial methodology, part of Puro.earth's Terrestrial Storage of Biomass (TSB) framework, marks the largest issuance to date under this standard. Proceeds from the credit sales are directly funding reforestation activities at the site, where planting has already begun.

Counterparts (7)

Buyer

CNaught

company · 1 deals

Muir AI

company · 1 deals

B

BMO

company · 1 deals

Bain & Company

company · 1 deals

Boston-headquartered global management consulting firm with 67 offices across 40 countries, providing strategic advisory services to clients in construction, infrastructure, and utilities sectors since 1973.

Royal Bank of Canada

company · 1 deals

Royal Bank of Canada is a global financial institution providing diversified financial services, including corporate and investment banking, capital markets, and asset management. Through RBC Capital Markets, it acts as a leading lender and advisor for infrastructure projects globally, with a strong presence in North America, Europe, and Australia.

advisor

S

SE Advisory Services

company · 1 deals

Seller

Mast Reforestation

company · 1 deals

Seattle-based reforestation company specializing in post-wildfire carbon removal and forest restoration across the American West, operating the largest native seed bank in the western U.S. and developing carbon removal credits through biomass burial.