The Government of Singapore announced that it will back four nature-based carbon removal projects, including Boomitra’s Grassland Restoration Project in Paraguay.
This support is part of a request for proposals launched by the Singapore government back in September 2024, when it announced that it was looking to back nature-based carbon removal projects that would help meet the country’s 2030 Nationally Determined Contribution (NDC) under the Paris Agreement.
Besides Boomitra, the support will also extend to the Kowen Antami REDD+ and Together for Forests REDD+ projects in Peru, as well as the Kwahu Landscape Restoration Project in Ghana.
Through these commitments, Singapore’s National Climate Change Secretariat (NCCS) and Ministry of Trade and Industry (MTI) will contract 2.175 million tonnes of high-quality nature-based carbon credits.
The investment, valued at almost $60 million (around S$76 million), will be directed towards carbon credits equivalent to emissions reductions for use in the period between 2026 and 2031.
During this timeframe, soil carbon company Boomitra is set to deliver 625,000 carbon credits as part of its agreement with the Singapore government, which will be generated via its grassland restoration through soil enrichment initiative in Paraguay.
Spanning across 76,355 acres of land in both Argentina and Paraguay, this project helps local ranchers adopt regenerative grazing practices that increase the carbon sequestration rate in soils.
Since its establishment in 2021, this initiative has removed more than 100,000 tonnes of atmospheric carbon dioxide, aiming to reach a removal capacity of over half a million tonnes of CO2 annually.
Relevant: Boomitra Secures The Largest-Ever Soil CDR Deal With ECP And Restoration Climate
In June 2025, this project was registered with Verra, and Boomitra has shared that going forward, it intends to expand this initiative to more than a million acres over the next five years.
Aadith Moorthy, Founder & CEO of Boomitra, stated that the company is proud to have been chosen by Singapore to help advance its NDC under the Paris Agreement.
He added, “This milestone demonstrates that high-integrity soil carbon projects can meet compliance standards and create tangible benefits for farmers and ecosystems.”
Read more: Singapore Signs Seventh Bilateral Carbon Credit Agreement With Paraguay
