Pivot Bio Releases 2023 Impact Report

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Pivot Bio, a leading sustainable agriculture company,  announced its customers, since the beginning of 2022, reduced carbon dioxide equivalent (CO2e) emissions by over 932,000 metric tons (MT). The savings, the result of their using Pivot Bio’s microbial nitrogen to improve the efficiency of their nitrogen management plans, is equivalent to the annual emissions of two-and-one-half gas-fired power plants— a leading pace of emissions reductions in agriculture.
The data comes from the company’s latest Impact Report, which looks back on 2023 and provides in-depth evidence demonstrating the critical role microbial nitrogen plays in permanent on-farm decarbonization. Last year alone, growers who used Pivot Bio products avoided the emission of more than 700,000 MT of CO2e — nearly 20x the annual capacity of Iceland’s world’s most advanced direct air capture facility.
The 2023 Impact Report also highlights the company’s N-OVATOR™ program, the first-ever insetting initiative to focus on nitrous oxide emissions by connecting growers with companies looking to draw down Scope 3 emissions.
In 2023 alone, Pivot Bio matched nearly 400,000 grower acres with downstream partners, including major consumer packaged goods companies, ingredient suppliers, spirit producers and grain buyers. In the process, it enabled the reduction of nearly 140,000MT of permanent, nonreversible Scope 3 emissions. Pivot Bio expects the 2024 acreage will be higher once it finalizes additional downstream programs for corporate customers.
Through N-OVATOR™, Pivot Bio partnered with over a half-dozen companies to develop programs that returned dollars to growers for the CO2 and N2O reductions and watershed improvements they delivered. Many of the growers received payments that resulted in up to 35% of their product cost coming back to them as cash payments. The net effect of these payments to growers typically makes Pivot Bio products their cheapest form of nitrogen — across all sources of nitrogen.
Read The Full Article here – PivotBio