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Forus Oy and CarbonRun announce first-of-its-kind river restoration and carbon removal partnership in Finland

Press release 26.11.2024

The Finnish company Forus Oy and the Canadian company CarbonRun Ltd. have announced a collaboration aimed at utilizing Finnish rivers for carbon sequestration alongside their restoration efforts.

Forus one of Finland’s leading developers of climate projects, and CarbonRun, a Canadian company dedicated to addressing climate change through innovative marine carbon solutions, are announcing an agreement to co-develop the world’s first European River Alkalinity Enhancement (RAE) carbon removal project which will take place in Finland. 

The agreement between the Finnish and Canadian companies marks the world’s first international river liming partnership

 

The agreement between the Finnish and Canadian companies marks the world’s first international river liming partnership

In Finland, many water systems are too acidic due to pollution and soil acidity, disrupting the natural function of rivers and biodiversity. Now, Forus is bringing Canadian CarbonRun's technology and expertise to Finland, demonstrating that emissions reductions can be achieved while restoring rivers. 

CarbonRun was announced in the New York Times on September 23, 2024, that Frontier, the $1 billion fund backing the company, will pay CarbonRun $25 million to add limestone to several rivers and reduce carbon dioxide in the atmosphere. Frontier's fund includes tech giants such as Alphabet, Google's parent company, and Shopify, which invest in technologies that remove carbon dioxide from the atmosphere. Finland is the first country outside of Canada where CarbonRun aims to expand with the help of Forus. 

River alkalinity enhancement, a method traditionally used to counteract acid rain, has now found a new purpose: returning rivers’ natural ability to capture and transport atmospheric carbon dioxide (CO₂) and terrestrial carbon to the ocean. By adding limestone to acidified rivers, CarbonRun’s solution not only helps to counteract the ecological damage caused by pollution, but also enhances rivers’ natural ability to sequester carbon. The method is already proven to improve ecosystems and fisheries, and now it holds the potential to reach gigaton-scale carbon removal.

“This collaboration with CarbonRun is an exciting next step in Forus Oy’s mission to stop climate change by scaling better solutions. CarbonRun’s solution is well suited to Finland’s river ecosystems and our geography. With this solution carbon can be captured domestically at a reasonable cost, low carbon footprint, and additional benefits to marine ecosystems, rather than exporting CO₂ to the North Sea,” says Eero Oksanen, CEO of Forus Oy. “CarbonRun’s scientific expertise and success in implementing similar projects in Canada, combined with Finland’s abundance of acid sulphate soils and domestic production of the limestone, makes Finland the ideal location to implement this type of innovative and impactful initiative.” 

The first phase of the partnership between the Finnish and Canadian firms encompasses the identification of a site in Finland ideal for hosting CarbonRun’s solution, ensuring community support, consulting with local freshwater experts, and securing regulatory approvals for the potential project. Once a suitable site is identified, community support is secured, and regulatory approvals are in place, CarbonRun and Forus Oy will collaborate with local teams to implement the project. 

CarbonRun has adapted proven river restoration techniques originally applied in Scandinavia and Nova Scotia, using natural crushed limestone to enhance alkalinity in rivers. This process significantly improves water quality and enables rivers to absorb carbon dioxide from the land and atmosphere. In Nova Scotia, Canada, rivers that were heavily damaged have been brought back to health through this process, and fish populations, such as Atlantic salmon, have increased.

River Protection Solutions as a Global Climate Action

“This partnership marks a pivotal step in CarbonRun’s mission to expand our river restoration solution to waterways worldwide impacted by pollution and acid rain. By our conservative estimates, a global-scale implementation of CarbonRun’s River Alkalinity Enhancement approach could sequester up to 10% of the annual global carbon that needs to be drawn down from the atmosphere each year by 2050 in order to limit global warming to below 2°C. This represents a significant contribution to the global effort to mitigate climate change.” says Luke Connell, Co-Founder and CEO of CarbonRun. Luke Connell“We endeavor to work with the people who know and care about the local lands and waters best. Forus Oy’s Finnish regulatory and climate project expertise combined with our shared passions for combating climate change made them the natural partner for our first international partnership. We are thrilled to be expanding our reach beyond Canada.”

West_River_Pictou_Picture_by_CarbonRun
Limestone silo (West River, Pictou, Nova Scotia, Canada), Photo: CarbonRun

Forus Oy The mission of the Finnish company Forus Oy is to scale better solutions to stop climate change profitably. Forus accelerates projects with its capabilities such as sales, permitting, and business development. Forus is one of Finland’s leading developers of grid-connected solar power projects, preparing new business for its clients and seeking opportunities both on land and at sea.

Eero Oksanen

CEO
eero@forus.fi

Contact by phone through Executive Assistant Outi Iltanen +358 40 564 1604

Additional information

CarbonRun LTS. was founded and developed in Nova Scotia, Canada, by an environmental scientist and freshwater ecologist. Our team of experts are dedicated to restoring rivers damaged by pollution to protect aquatic life. Our founders are global experts on river ecosystem health with decades of applied experience restoring rivers and addressing climate change through an innovative solution called River Alkalinity Enhancement. Our mission is to enhance the natural ability of rivers to sequester carbon by reducing acidity and creating ecological balance.

Colton Dirksen

Chief Business Officer
colton@carbonrun.io

+1 437 999 5515 

Additional information

Forus Oy The mission of the Finnish company Forus Oy is to scale better solutions to stop climate change profitably. Forus accelerates projects with its capabilities such as sales, permitting, and business development. Forus is one of Finland’s leading developers of grid-connected solar power projects, preparing new business for its clients and seeking opportunities both on land and at sea.

Eero Oksanen

CEO
eero@forus.fi

Contact by phone through Executive Assistant Outi Iltanen +358 40 564 1604

CarbonRun LTS. was founded and developed in Nova Scotia, Canada, by an environmental scientist and freshwater ecologist. Our team of experts are dedicated to restoring rivers damaged by pollution to protect aquatic life. Our founders are global experts on river ecosystem health with decades of applied experience restoring rivers and addressing climate change through an innovative solution called River Alkalinity Enhancement. Our mission is to enhance the natural ability of rivers to sequester carbon by reducing acidity and creating ecological balance.

Colton Dirksen

Chief Business Officer
colton@carbonrun.io

+1 437 999 5515 

Erottajankatu 5, 3. krs, 170-2.
00130 Helsinki

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