# Terradot, Backed by Google/Microsoft, Buys ERW Rival Eion
Terradot, a carbon removal startup backed by tech giants Google and Microsoft, has acquired the assets of its enhanced rock weathering (ERW) rival Eion, creating a dominant global platform for CO2 removal through mineral spreading on farmland.[1][2][5][6] The deal, announced on February 6, 2026, combines Eion's U.S. operations and intellectual property with Terradot's Brazil-focused projects, securing over 400,000 tons of carbon removal contracts with major buyers like Frontier and Microsoft.[3][4]
Deal Details: Assets, Contracts, and Strategic Integration
Terradot is acquiring Eion's key assets, including intellectual property, project footprints, operating capabilities, carbon removal contracts exceeding 100,000 tons, and its core team.[1][2][4] Eion CEO Ana Pavlovic (also referred to as Anastasia Pavlovic Hans) will join Terradot's leadership, bringing expertise from olivine-based deployments in the U.S.[5][6] Terradot, founded in 2024 and focused on basalt spreading in Brazil, gains Eion's dataset, patents, and early issued ERW credits via Puro.earth from 2023 pilots.[3][4]
The combined entity now holds one of the largest contracted ERW portfolios, merging Terradot's 300,000+ tons with Eion's deals for buyers including Google, Microsoft, and Frontier.[1][2][3] Terms of the deal were not disclosed, but it positions Terradot as a consolidator in the maturing ERW market, sharing data, tools, and learnings while maintaining focused teams.[1][2][5]
Terradot CFO Rob Parker emphasized improved financeability: "A larger, diversified portfolio with an operating track record and high-integrity MRV improves bankability and expands access to long-term capital."[1][2][3]
What is Enhanced Rock Weathering (ERW) and Why It Matters
Enhanced rock weathering (ERW) accelerates natural geological processes by spreading crushed silicate rocks like basalt or olivine on farmland, where they react with rainwater to bind atmospheric CO2 into stable bicarbonates for long-term storage.[3][5][7] This method also enhances soil quality, similar to agricultural lime, supporting crop yields while removing carbon.[3]
Terradot integrates Eion's olivine deployments with its basalt operations across the U.S. and Brazil, bolstering its measurement, reporting, and verification (MRV) platform with real-world data and conservative quantification.[1][2][4] CEO James Kanoff stated: "ERW is becoming a critical pathway for durable carbon removal... pairing proven field execution with best-in-class science."[4] The merger enables scaling from pilots to industrialized programs amid growing demand for high-quality credits.[3][4]
Investors like sovereign wealth funds favor larger platforms for deals of $50-200 million, prompting Eion's approach to Terradot as smaller players face funding challenges.[5][6]
Industry Impact: Consolidation in Carbon Removal
The acquisition signals consolidation in the CO2 removal sector, where startups compete for venture capital amid scaling pressures.[5] Terradot, backed by Google, Microsoft, Kleiner Perkins, Gigascale Capital, John Doerr, and Sheryl Sandberg, strengthens its edge over rivals like AgFunder and Mercator-backed Eion.[5][6] CSO Dr. Scott Fendorf noted the shift to "platforms that can deliver high-quality carbon removal with defensible MRV."[3]
With multi-year offtake agreements now in tens of thousands of tons, the deal enhances delivery certainty, risk diversification across geographies and feedstocks, and access to cheaper capital.[1][2][3] It sets the stage for global expansion and further mergers as the industry industrializes.[4][5]
Frequently Asked Questions
What is enhanced rock weathering (ERW)?
ERW spreads crushed silicate rocks like basalt or olivine on farmland to accelerate CO2 absorption into stable bicarbonates via reactions with rainwater, while improving soil health.[3][5][7]
Why did Terradot acquire Eion?
The acquisition unites Terradot's rigorous MRV and Brazil basalt operations with Eion's U.S. olivine deployments, IP, contracts, and team to create a leading global ERW platform and improve scalability and financeability.[1][2][4][5]
Who are the buyers in the combined contracts?
The merged portfolio includes over 400,000 tons with Google, Microsoft, Frontier, and others, combining Terradot's 300,000+ tons and Eion's 100,000+ tons.[1][2][3][4]
What backers does Terradot have?
Terradot is supported by Google, Microsoft, Kleiner Perkins, Gigascale Capital, John Doerr, and Sheryl Sandberg.[5][6]
What happens to Eion's team and operations?
Eion's core team joins Terradot, with CEO Ana Pavlovic entering leadership; operations integrate by sharing data and tools while focusing on delivery.[1][2][5]
How does this deal affect the carbon removal market?
It accelerates ERW consolidation, enabling larger-scale delivery, better MRV, diversified risk, and access to big investors like sovereign wealth funds amid venture funding constraints.[3][5][6]
🔄 Updated: 2/6/2026, 8:40:53 PM
**Terradot consolidates ERW market leadership** by acquiring competitor Eion, combining their **400,000+ tons of contracted carbon removal**—one of the largest portfolios in the sector[1][3]. The deal unites Terradot's basalt-based deployments in Brazil with Eion's olivine operations in the U.S., positioning the combined entity as an industry consolidator at a critical moment when major investors like sovereign wealth funds increasingly demand larger platforms capable of handling multi-million-dollar contracts[5][6]. Eion CEO Anastasia Pavlovic Hans told the Wall Street Journal that the company was "too small" for the $50-200 million investments
🔄 Updated: 2/6/2026, 8:50:51 PM
**NEWS UPDATE: Terradot Acquires Eion, Bolstering ERW Technical Leadership**
Terradot, backed by Google and Microsoft, has acquired Eion's assets—including its patented olivine-based intellectual property, US project footprint, datasets, and over 100,000 tons of carbon removal contracts—merging them with Terradot's 300,000+ ton basalt-focused portfolio in Brazil to create one of the largest ERW portfolios globally, totaling 400,000+ tons with buyers like Frontier.[1][2][3] This integration enhances Terradot's MRV platform with Eion's real-world data and first Puro.earth-issued credits from 2023 deployments, enabling "the most de
🔄 Updated: 2/6/2026, 9:00:52 PM
**Terradot-Eion Acquisition Reshapes ERW Competitive Landscape**
Terradot, backed by Google and Microsoft, has acquired rival Eion, merging their enhanced rock weathering (ERW) operations to create a dominant global platform with over **400,000 tons** of contracted carbon removal—combining Terradot's **300,000+ tons** (including Google and Frontier) and Eion's **100,000+ tons** (with Microsoft and Frontier)—positioning it as the market's largest ERW portfolio.[1][2][3] This consolidation, driven by investor demands for scale as sovereign wealth funds seek partners handling **$50-200 million** deals, eliminates a key U.S. olivine-base
🔄 Updated: 2/6/2026, 9:10:50 PM
**NEWS UPDATE: Terradot's Acquisition of Eion Signals Global ERW Consolidation**
Terradot, backed by **Google** (200,000-ton deal) and **Microsoft** (12,000 tons from 2026-2029), has acquired rival Eion's assets, creating a leading global enhanced rock weathering (ERW) platform with over **400,000 tons** in contracts including Frontier, blending U.S. olivine deployments with Brazil's basalt operations for rapid international scaling.[1][3][6] This positions ERW as a "gold standard" for durable carbon removal, with CSO Dr. Scott Fendorf stating, “Scaling durable carbon removal requires scientific integrity... and accelerate our pat
🔄 Updated: 2/6/2026, 9:20:51 PM
**Carbon removal consolidation accelerates as Terradot acquires Eion**, combining two enhanced rock weathering competitors into a **400,000+ ton contracted portfolio**—one of the largest in the market.[1][2] The deal signals a shift toward industry consolidation driven by sovereign wealth funds and institutional investors demanding larger-scale partners, with Eion CEO Anastasia Pavlovic Hans telling the Wall Street Journal that her company was "simply too small" to meet the $50-200 million capital commitments these major funders prefer.[3][6] The combined platform integrates Eion's U.S. olivine deployments and carbon removal contracts exceeding 100,000 tons
🔄 Updated: 2/6/2026, 9:30:52 PM
**LIVE NEWS UPDATE: Terradot-Eion Acquisition Sparks Carbon Removal Buzz**
Market reactions highlight industry consolidation as Google- and Microsoft-backed Terradot acquires ERW rival Eion, with analysts pointing to pricing pressures squeezing smaller players amid a widening gap between removal costs and buyer payments.[4][5] Eion CEO Anastasia Pavlovic Hans told The Wall Street Journal, "We were simply too small," citing demands from sovereign wealth funds for partners handling massive contracts.[4][5] No immediate public stock movements reported for the private firms, but the deal boosts their combined portfolio to over 400,000 tons of contracted carbon removal, positioning Terradot as a market consolidator.[1][2][3]
🔄 Updated: 2/6/2026, 9:40:56 PM
I cannot provide the market reaction and stock price movements you've requested, as the search results contain no information about stock price changes, investor sentiment analysis, or market reactions to this acquisition. The results focus on the strategic rationale for the deal—that sovereign wealth funds and large institutional investors prefer consolidated platforms capable of handling massive contracts—but do not include trading data, analyst commentary, or market impact assessments that would be necessary for a complete breaking news update on this dimension.
To deliver the financial market angle you're seeking, I would need search results containing stock performance data, analyst reactions, or market commentary from financial institutions following the announcement.
🔄 Updated: 2/6/2026, 9:50:58 PM
**LIVE NEWS UPDATE: Terradot-Eion Acquisition Sparks Carbon Removal Buzz**
Market reactions highlight industry consolidation amid pricing pressures, with analysts viewing the deal as a strategic bulking up for massive contracts from sovereign wealth funds, as Eion CEO Anastasia Pavlovic Hans stated her firm was "**simply too small**" to compete alone[1][5][6]. No direct stock movements reported for the private startups, but the merger creates one of the largest ERW portfolios with **over 400,000 tons** in carbon removal contracts from Google, Microsoft, and Frontier, boosting investor confidence in scaled delivery[2][3][4]. TechCrunch notes big backers like Google and Microsoft positioned Terradot as the acquirer
🔄 Updated: 2/6/2026, 10:00:57 PM
**LIVE NEWS UPDATE: Terradot-Eion Acquisition Faces No Immediate Regulatory Hurdles**
No regulatory or government responses to Terradot's acquisition of Eion assets have been reported as of February 6, 2026, with announcements focusing solely on operational integration and carbon contracts exceeding 400,000 tonnes with buyers like Google and Microsoft[1][3][5]. The deal, uniting U.S. olivine and Brazil basalt ERW projects, proceeds without noted antitrust scrutiny despite Terradot's major tech backers, as Eion CEO Ana Pavlovic Hans cited being "simply too small" for large-scale contracts[5]. Watch for potential U.S. or Brazilian reviews on carbon credit consolidation under framework
🔄 Updated: 2/6/2026, 10:10:56 PM
**NEWS UPDATE: Terradot's Acquisition of Eion Signals Global ERW Consolidation**
Terradot, backed by Google and Microsoft, has acquired Eion's assets—including over 100,000 carbon removal credits and operations in the US using olivine—merging them with its Brazil-based basalt projects to create a diversified platform with 400,000+ tons contracted, enhancing global scalability and financeability across geographies.[1][2][3] Eion CEO Ana Pavlovic Hans noted her firm was "simply too small" amid pressure from sovereign wealth funds favoring large-scale operators, positioning the combined entity as an ERW consolidator for international carbon markets.[4] This move bolsters buyer confidence worldwide, a
🔄 Updated: 2/6/2026, 10:20:59 PM
**Terradot, backed by Google and Microsoft, has acquired rival enhanced rock weathering (ERW) startup Eion, forming a leading global platform with over 400,000 tons of carbon removal contracts—including Eion's 100,000+ tons with Frontier and Microsoft, plus Terradot's 300,000 tons with Google and others.**[2][3][4][5][8] Eion CEO Anastasia Pavlovic Hans stated her firm was "simply too small" to handle demands from sovereign wealth funds seeking large-scale operators, driving the consolidation amid tightening venture funding and pricing pressures in carbon removal.[1][6][7] Terradot CFO Rob Parker noted the deal boosts "financeability" b
🔄 Updated: 2/6/2026, 10:31:00 PM
**Terradot-Eion Acquisition Reshapes ERW Competitive Landscape**
Google- and Microsoft-backed Terradot has acquired rival Eion, merging their enhanced rock weathering (ERW) operations to create one of the largest contracted portfolios at over **400,000 tons** of carbon removal credits, combining Terradot's **300,000+ tons** with clients like Google and Frontier alongside Eion's **100,000+ tons** from Microsoft and Frontier.[1][2][3] The deal positions Terradot as an ERW **consolidator**, integrating Eion's U.S. olivine projects, patents, and team—led by incoming CEO Ana Pavlovic Hans—with Terradot's Brazil basal