FLS Group AG (Forestry-Linked Securities), an investment platform dedicated to carbon removal solutions, and DecarboEngineering, a specialised engineering firm focused on advanced thermochemical biomass conversion technologies, today announced a strategic partnership to develop and deploy a portfolio of large-scale carbonisation projects in Paraguay.
The first initiative under the partnership, Project Alfheim, is projected to convert approximately 35,000 tons of waste biomass per year into around 13,000 tons of high-quality, WBC-certified biochar, intended for use in nearby agricultural plantations. The project is also expected to sequester approximately 25,000 tons of CO₂ annually, while simultaneously generating clean, renewable energy to support local industrial partners in Paraguay.
Through the collaboration, DecarboEngineering will provide deep technical expertise across the carbonisation value chain, supporting FLS Group AG in the selection of optimal project designs, technologies, and operational configurations. DecarboEngineering will also work closely with FLS’s broader ecosystem of carbonisation partners to ensure the delivery of best-in-class, scalable, and high-performance solutions.
“This partnership represents an important step in securing best-in-class technology deployment in the Paraguayan market,” said Alessandro Materni, Managing Partner of FLS Group AG. “By combining our project development and structuring capabilities with DecarboEngineering’s technical excellence, we aim to set a new benchmark for carbon removal projects based on biomass carbonisation in the region.”
Thomas Hoffman, CEO of DecarboEngineering, added: “We are excited to support FLS Group AG in deploying robust and efficient carbonisation systems. Project Alfheim demonstrates how advanced engineering, technology transfer, and appropriate system design enable local stakeholders to convert biomass waste streams into meaningful climate impact while creating tangible local economic benefits.”
Additional projects are already under evaluation as part of the partnership, reinforcing both companies’ commitment to accelerating the deployment of climate-positive infrastructure in emerging markets.
