Al Dahra and Agreena announce carbon farming project on the EU’s largest arable farm at COP28
Al Dahra and Agreena announce carbon farming project on the EU’s largest arable farm at COP28
The 55,000 hectare project will take place on the largest consolidated arable farm in the European Union, operated by Al Dahra-owned Agricost
The farm is also the largest to join Agreena’s leading soil carbon programme, which now covers two million hectares of agricultural land in 17 European countries
Dubai, United Arab Emirates – 12 December 2023:
A partnership between UAE agribusiness, Al Dahra, and Danish climate agtech company, Agreena, will see the largest consolidated arable farm in the European Union transition to regenerative agriculture. More than 55,000 hectares of arable land on the Al Dahra-owned Agricost farm on Great Braila Island in Romania will enter Agreena’s soil carbon programme.
The two global players signed a Memorandum of Understanding (MoU) on Sunday 10 December at COP28, signifying a pivotal partnership between Al Dahra and Agreena that will unite their strengths and expertise to collaborate globally.
The agricultural industry is in a unique position to play a critical role in sequestering carbon dioxide (CO2) from the atmosphere. The agrifood system accounts for approximately one-third of global greenhouse gas (GHG) emissions, but the agricultural industry also provides a significant opportunity to be a part of the climate solution. By incentivising farmers to transition from conventional to regenerative farming practices, Agreena supports farmers to turn their soils into carbon sinks, removing and storing CO2 from the atmosphere.
“Sustainability is a core value and a commercially compelling driver for Al Dahra, and this project represents a major step in our ongoing journey. Transitioning our Braila farm, working with partners like Agreena, unlocks the financial and environmental benefits of regenerative agriculture. This enables us to contribute meaningfully to sustainably feeding our growing world, while also enhancing our business resilience and profitability. We view this as a significant milestone, and we are committed to expanding our regenerative agriculture footprint at every opportunity,” said Al Dahra Group CEO, Arnoud van den Berg.
As part of the programme, the Romanian farm will undertake a range of regenerative agriculture practices, such as optimal use of cover crops and reduced soil disturbance, moving away from conventional farming practices that are traditionally associated with row crops. Agreena’s internationally accredited and third-party validated programme quantifies the farm’s greenhouse gas reductions and CO2 removals using an IPCC-aligned scientific methodology and a robust measurement, reporting, and verification protocol with cutting-edge technology. The result is the issuance of high-integrity carbon removal credits under the world’s largest voluntary carbon market standard, which can support the financing of the regenerative transition.
“Agreena is proud to be working with Al Dahra to achieve the transition of the EU’s largest consolidated farm to regenerative agriculture. Nature-based solutions, including regenerative agriculture, are among the most effective for mitigating climate change by 2030 and this project demonstrates that the private sector is working to deliver impact at scale,” said Simon Haldrup, CEO of Agreena. “With this carbon farming project, we’re sowing the seeds of sustainable change in agriculture across Europe.”
The project will be Agreena’s largest to date, further underlining the company’s leading position in European carbon farming following its recent announcement that two million hectares have been contracted on its AgreenaCarbon programme.
For media enquiries please contact:
Email: press@agreena.com
Notes to Editors
Agreena and Al Dahra signed a MoU at the UAE House of Sustainability at COP28 in Dubai on 10 December 2023 – signed by Simon Haldrup, CEO of Agreena, and Arnoud van den Berg, Group CEO of Al Dahra.
Agricost is the largest agricultural producer in Romania, growing cereals, oilseeds, and alfalfa on Great Braila Island in the Danube River.
Al Dahra, a global agribusiness player, headquartered in Abu Dhabi, United Arab Emirates acquired Agricost in 2018.
Farmers in the AgreenaCarbon programme transition from conventional farming to regenerative agriculture by adopting a range of practices including: reduced soil disturbance, use of cover crops, use of organic fertilisers, and optimal residue management.
Beyond reducing emissions and storing carbon, regenerative agriculture improves soil health to provide a suite of benefits including: reduced soil erosion, greater biodiversity, strengthened water retention capacity and improved flood resistance.
About Agreena
Agreena unlocks the power of soil carbon removals and natural capital to finance the transition to regenerative agriculture. Working in close collaboration with partner farmers across 17 European markets and growing, AgreenaCarbon is Europe’s leading soil carbon platform. Combined with market-leading satellite monitoring technologies, Agreena’s solutions can support farmers, companies, and governments on the road to net zero.
Visit: www.agreena.com
About Al Dahra
Al Dahra is a prominent multinational leader in agribusiness, with over 400 thousand acres of agricultural land in Egypt, Romania, Serbia, USA, and others, specializing in the cultivation, production in addition to trading of nearly 3 million tons of animal feed and up to 3 million tons of essential food commodities and end-to-end supply chain management.
Serving a large customer base from the Government and Commercial sectors, Al Dahra has a widespread geographic footprint, operating in over 20 countries and catering to more than 40 markets with a leading position in Asia and the Middle East.
Visit: www.aldahra.com