Terradot (TDO.T) Acquires Carbon Removal Competitor Eion

Terradot (TDO.T) announced the acquisition of Eion, a competitor in carbon removal, effective February 6, 2026. The move follows significant backing from institutional and strategic investors including sovereign wealth funds seeking large-scale, distributive operations. Both companies employ enhanced rock weathering to absorb CO2 by spreading pulverized minerals on farmland. Terradot, based in California with operations in Brazil using basalt, has a broad investor base including Gigascale Capital, Google, Kleiner Perkins, and Microsoft. Eion, based in the U.S. using olivine, is supported by AgFunder, Mercator Partners, and Overture. The EWR technology remains scalable but faces pricing gaps identified in a CDR.fyi survey.