Sumitomo Corporation joins French firm to invest in removal projects
Summit Removall
After a year of preparation, Removall and Sumitomo Corporation are announcing their partnership with the launch of a joint venture dedicated to financing high-integrity carbon credit projects worldwide.
Through this collaboration, Removall is expanding its capacity to invest in large-scale, premium carbon projects globally while strengthening its commercial presence in Asia. At the same time, Sumitomo Corporation is enhancing its position in the carbon markets by entering the mangrove reforestation carbon credit sector in Africa, a region with growing economic potential and abundant mangrove forest resources.
The first investment to be done in flagship mangrove restoration project in Mozambique
Mangroves are among the world’s most effective carbon sinks, playing a crucial role in the fight against climate change. They absorb significantly more CO₂ than tropical forests, making them vital for climate change mitigation. Additionally, mangroves support biodiversity conservation and provide essential benefits to local communities.
Despite their importance, only a small fraction of the approximately 5,400 certified carbon credit projects worldwide focus on mangrove-related carbon sequestration with biodiversity co-benefits.
By investing in Mozambique’s MozBlue Project — the largest mangrove restoration initiative in Africa — Removall and Sumitomo Corporation are helping to expand the supply of rare blue carbon credits.
This initiative not only supports the growing global demand for decarbonization but also generates employment opportunities for local communities, enhances livelihoods, and contributes to nature-positive efforts, such as protecting habitats for endangered species and improving water quality.
Financing the largest blue carbon project in Africa
Developed over the past three years by Blue Forest, the ambitious MozBlue Project aims to restore and conserve 155,000 hectares of critical mangrove ecosystems, essential for coastal resilience and biodiversity.
The project’s first phase, co-developed by Removall and to be financed by Removall and Sumitomo Corporation through their joint venture, will restore 5,116 hectares, exclusively planting native mangrove species.
Following the CCB and VCS VM0033 methodologies, this initial phase will sequester nearly 2.5 million tons of CO₂ equivalent, marking a significant step toward large-scale climate action and sustainable development.
Blue Forest, through its Mozambican subsidiary and local team, is responsible for implementing and managing the project. Meanwhile, Removall and Sumitomo Corporation will serve as both investors and key selling partners for the high-quality carbon credits generated.
Jointly accelerating investment and business opportunities through an expanding platform.
In addition to this project, Removall and Sumitomo Corporation will continue exploring new investment opportunities worldwide in the coming months, with a focus on high-quality nature-based solutions.
Through their joint venture, Summit Removall, they will invest in projects that generate premium removal carbon credits, which will be sold to companies across Europe, the Americas, and Asia, including Japan.
Jérôme Beilin, CEO and Co-Founder of Removall, said:
« We are very honored to partner with Sumitomo Corporation and launch this investment platform aiming at investing together in top quality carbon projects around the world. By starting our cooperation by investing together in MozBlue, the largest mangrove restoration project in Africa, we demonstrate our ambition to finance top quality carbon removals projects. This cooperation with Sumitomo Corporation will reinforce Removall’s capacity to invest in large scale premium nature-based projects at an international level, as well as enlarge our commercial outreach in Asia. The cooperation between our organizations will allow us to grow our global presence on the carbon markets worldwide”.
Yusuke Kinoshita, General Manager of Carbon Solution Business Unit at Sumitomo Corporation, added:
« We are thrilled to collaborate with Removall on this significant venture, and we are genuinely excited about what we can achieve together. This partnership aligns perfectly with Sumitomo Corporation’s commitment to sustainability and our goal to contribute to Nature positive and our corporate message” Enriching Lives and the World”. By investing in high-quality carbon projects like Mozblue, we are not only supporting ecological restoration but also enhancing our capabilities to deliver impactful environmental solutions on a global scale. We deeply appreciate Removall’s expertise in carbon credits, which will enable us to make an even greater impact”.
Article written by :
Jérôme Beilin
CEO & Co-Founder
