What Mash Makes does

MASH Makes is an Indo-Danish deep-technology company, founded in 2015 and headquartered in Copenhagen with its operational base in Karnataka, India, that converts agricultural residues into three co-produced commodities through proprietary pyrolysis and gasification: biochar (a stable carbon-rich soil amendment certified by the European Biochar Certificate and EBC C-Sink), advanced drop-in biofuel (validated for marine use under ISCC EU certification and ISO 8217 standards), and verified carbon dioxide removal (CDR) credits. The underlying platform is modular, with reactor systems mounted inside 40-foot shipping containers that can be deployed close to biomass sources to minimize transport emissions and replicate across geographies via a Special Purpose Vehicle (SPV) licensing model. The company operates one commercial plant at Karnataka with a Phase 2 expansion in Udupi targeting 21,000 tonnes of combined annual output, a flagship partnership with global shipowner DS NORDEN covering up to 500 vessels, and pre-purchase commitments from Supercritical (10,000 tonnes of CDR) alongside credit purchases by Shopify (3,250 tonnes) and Microsoft.

The company monetizes through three distinct revenue streams: (i) transaction-fee sale of CDR credits on marketplaces such as Supercritical, Carbonfuture, and Puro, with each credit representing one tonne of CO2 sequestered for at least 100 years; (ii) one-time and channel-driven sales of EBC-certified biochar to farmers, agricultural enterprises, and construction/metallurgy users in Europe and India via partners including Enchar, Ecotopic, Puro, and Carbon Standards International; and (iii) transaction-fee biofuel sales to maritime operators including DS NORDEN, who also holds a minority equity stake following a $12.5 million Series A in July 2023. Additional capital has come from Nefco (EUR 3.75 million in debt) and Horizon EU grants (EUR 19.2 million across two consortiums). The customer base spans shipping companies seeking FuelEU Maritime compliance, corporate CDR buyers addressing Scope 3 and net-zero commitments, and smallholder and enterprise farmers in drought-prone regions of India.

Strategically, MASH Makes positions itself as a gigaton-scale carbon removal play, with an explicit 1 gigaton ambition by 2040 and an emphasis on durable, independently verified sequestration. Key milestones include reaching 1,000 tonnes of CO2 removed by April 2024, advancing to the XPRIZE Carbon Removal Top 20 in May 2024, completing the world's first commercial vessel trial using carbon-negative biofuel with DS NORDEN in April 2025, and validating a CNSL-based upgraded biofuel at FVTR GmbH in December 2025. The company's trajectory depends on execution against an SPV replication roadmap targeting 70,000 tonnes of carbon removals across five SPVs, continued CDR pre-purchase demand, and successful scale-up beyond its Karnataka and Udupi footprint into new geographies including Africa.

Name

Mash Makes

Legal name

MASH Makes A/S

Website

https://mashmakes.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

51–100 employees

Short description

MASH Makes is an Indo-Danish deep-tech company founded in 2015 that uses proprietary modular pyrolysis and gasification to convert agricultural residues into EBC-certified biochar, ISCC EU-certified drop-in biofuel, and durable carbon removal credits, serving shipping operators (DS NORDEN), corporate CDR buyers (Shopify, Microsoft, Supercritical), and farmers.

Ownership category

akta.pro rank

Product category

Carbon Removal & Advanced Biofuel Manufacturing

NAICS

Fertilizer and Compost Manufacturing (32531)

akta.pro primary industry

Torrefied Biomass & Biochar Fuel Production (EUAAAJAC)

Keywords

• Pyrolysis biofuels production
• Biochar soil amendment
• Carbon dioxide removal
• Advanced marine biofuel
• Carbon removal credits

Headquarters

HQ city

Copenhagen

HQ country

Denmark

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Carbon Removal Credits: Sale of verified carbon dioxide removal certificates (CDR credits) generated through biochar production. Credits are sold on advanced carbon marketplaces including Supercritical, Carbonfuture, and Puro. Each biochar carbon credit represents permanent sequestration of 1 tonne of CO2 equivalent for at least 100 years.
2. Biochar sales: Sale of biochar as a soil amendment product to farmers, agricultural enterprises, and construction industry. EBC-certified biochar sold through channel partners in Europe and directly to Indian farmers. Applications include agriculture, construction materials, and metallurgy.
3. Advanced Biofuel sales: Sale of advanced biofuel produced from agricultural residues to shipping companies and industrial operators. Biofuel is ISCC EU certified and designed as drop-in replacement for conventional marine fuels. Revenue from fuel sales to maritime operators including NORDEN vessel trials.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

MASH Makes operates a scalable pyrolysis and gasification platform that converts agricultural residues (including cashew nut shells) into three commercial products: biochar (a stable carbon-rich soil amendment), advanced drop-in biofuel for marine shipping, and verified carbon dioxide removal (CDR) credits. The modular reactors are housed in 40-foot shipping containers for deployment close to biomass sources, with the first commercial production facility operating in Karnataka, India.

Product overview

MASH Makes operates a scalable pyrolysis and gasification technology platform that converts agricultural residues into three core products: Biochar (soil amendment for carbon sequestration and crop yield improvement), Biofuel (advanced drop-in marine fuel from agricultural waste), and Carbon Removal Credits (verified carbon dioxide removal certificates). The company produces these commodities through modular production facilities deployed near biomass sources, with operations primarily in Karnataka, India. The platform has the potential to remove 1 gigaton of carbon from the atmosphere by 2040.

Differentiator

Problem solved

Functional benefit

Brands

• MASH Makes Biochar: Carbon-rich soil amendment produced from agricultural residues through pyrolysis, certified with European Biochar Certificate (EBC) and EBC C-Sink Certificate.
• MASH Makes Biofuel
• MASH Makes C-Sink

Products and services

• Biochar A stable, carbon-rich soil amendment produced through pyrolysis of agricultural residues. Biochar improves soil health, enhances water retention, reduces bulk density, and sequesters carbon for centuries while boosting crop yields across multiple seasons. EBC and EBC C-Sink certified; sold to farmers, agricultural enterprises, and construction/metallurgy industrial users.
• Advanced Biofuel (Bio-oil) Advanced drop-in biofuel produced from agricultural residues (cashew nut shells, cellulose, lignin) through pyrolysis. Validated for marine shipping use as a blend component with VLSFO, offering clean combustion, no injector fouling, and stable operation across all loads. ISCC EU certified; sold to maritime operators including DS NORDEN.
• Carbon Removal Credits Carbon dioxide removal (CDR) credits generated through biochar production and application. Each credit represents permanent sequestration of 1 tonne of CO2 equivalent for at least 100 years, verified through EBC C-Sink certification. Sold to corporations such as Shopify, Microsoft, and Supercritical for ESG reporting and net-zero commitments.

Quantifiable outcome

• 56% increase in crop yield after four seasons of biochar application
• +5 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

13 partnerships are on record, tiered core and minor.

• FVTR GmbHcoreTechnology or Integration · 17 December 2025Independent testing laboratory that conducted critical lab engine tests for MASH Makes CNSL-based biofuel. Validated fuel as cleaner, drop-in marine fuel meeting ISO 8217 fuel standards.
• DS NORDEN (Vessel Trial)coreStrategic or Co-development Partner · 24 April 2025Completed world's first commercial shipping trial using biofuel from carbon-negative process. Vessel sailed roundtrip from Singapore to Brazil using blend containing MASH Makes biofuel in auxiliary engine. Result was uneventful from operator perspective - behaved like normal marine fuel.
• ShopifycoreStrategic or Co-development Partner · 17 January 2025E-commerce platform purchased 3,250 tonnes of CDR credits from MASH Makes, reinforcing commitment to scalable climate solutions.
• AfricaEnergyParks ProjectminorStrategic or Co-development Partner · 9 July 2024European Commission funded initiative to establish Renewable Energy Park near Mole National Park in Ghana. MASH Makes contributes gasifier technology for stable baseload energy supply complementing solar power.
• Green Fuels Alliance IndiacoreStrategic or Co-development Partner · 1 January 2024Founding member of Indo-Danish alliance to increase collaboration between Denmark and India in sustainable energy solutions. Alliance includes A.P. Moller-Maersk, Topsoe, Novozymes, and Danfoss.
• SupercriticalcoreStrategic or Co-development Partner · 12 September 2023Leading UK-based Carbon Dioxide Removal marketplace. Pre-paid for 10,000 tonnes of biochar-based CDR credits from MASH Makes, providing upfront capital for scaling. Partnership demonstrates understanding that CDR projects require substantial upfront investment.
• CarbonfuturecoreStrategic or Co-development PartnerCDR marketplace partner purchasing carbon removal certificates. Part of strengthening carbon credit orderbook alongside Supercritical and Microsoft.
• MANAVLOKcoreStrategic or Co-development PartnerResearch partner conducting multi-season biochar field trials in Ambajogai, India. Partnership for field trials demonstrating biochar's long-term ability to enhance soil fertility and crop resilience.
• Carbon Standards InternationalcoreTechnology or IntegrationCertification body for biochar quality (EBC) and carbon removal credits. Julia Winter listed as contact.
• PurocoreChannel Partner/ Reseller/ DistributorEuropean CDR marketplace for biochar sales with focus on building materials and urban tree plantations. Jonatan Malmberg listed as contact.
• EncharminorChannel Partner/ Reseller/ DistributorBiochar sales partner in Europe (Switzerland). Charles Peurois listed as contact.
• EcotopicminorChannel Partner/ Reseller/ DistributorBiochar sales partner in Europe (Sweden). Jonatan Malmberg listed as contact.
• Carbon Removal India AlliancecoreStrategic or Co-development PartnerFounding member of alliance supporting durable carbon dioxide removal in India. Co-founded with Carbon Removal Partners, Carbonfuture, Mati Carbon, and Two Ocean Strategy. White paper launched at COP28.

Scale indicators12 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Wakefield Biochar: US-based biochar manufacturer producing soil amendment and carbon sequestration products from biomass via pyrolysis. Comparable to MASH Makes' biochar product line, though primarily focused on agricultural markets rather than marine biofuel.
• Charm Industrial: US-based company producing bio-oil from biomass via pyrolysis for permanent underground sequestration and replacement marine fuels. Closely comparable to MASH Makes in feedstock (agricultural biomass), conversion technology (pyrolysis), and multi-product monetization (bio-oil + carbon removal).
• Exomad Green: Spain-based biochar producer that generates EBC-certified carbon removal credits from forestry biomass via pyrolysis. Directly comparable to MASH Makes' biochar and CDR credit business line, with similar end-markets in voluntary carbon markets.
• Carbofex: Finnish company operating pyrolysis-based biochar production with carbon removal credit sales. Highly comparable in core conversion technology (slow pyrolysis), product focus (biochar + CDR credits), and European market presence.
• NetZero: France/Brazil-based biochar carbon removal company producing CDR credits from agricultural residues through pyrolysis. Directly comparable to MASH Makes in feedstock type, technology, and target market of voluntary CDR buyers.
• CarbonOrO: Italian biochar startup focused on generating carbon removal credits from agricultural waste through pyrolysis. Comparable to MASH Makes in feedstock sourcing, conversion process, and revenue model centered on biochar-based CDR credits.
• GoodFuels: Netherlands-based advanced biofuel supplier focused specifically on marine and heavy transport drop-in fuels. Comparable to MASH Makes in marine biofuel off-take channel, customer base (shipping companies), and certification-driven market access.

Broad incumbents

• Heirloom Carbon: US-based carbon removal company using enhanced limestone weathering/DAC technology to produce durable CDR credits. Broader competitor in the voluntary CDR market with overlapping enterprise customers (Microsoft, Shopify) and similar credit certification standards (Puro, Carbonfuture).
• Climeworks: Swiss direct air capture pioneer selling verified CDR credits to enterprise buyers including Microsoft. Competitor in the voluntary durable CDR market with shared customers and overlapping marketplace listings (Puro, Carbonfuture, Supercritical).

Others

• Puro.earth: Finnish carbon removal marketplace and registry where MASH Makes biochar-based CDR credits are listed. Functions as both a distribution channel partner and adjacent infrastructure provider in the voluntary CDR ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mashmakes

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds8 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mash Makes