decarbonfuse Icons/logo

Press Release

Mercedes-AMG PETRONAS F1 Partners with Chestnut Carbon to Restore 200 Hectares of Biodiverse Forest

Published by Todd Bush on February 18, 2025

  • Restoring 200 hectares of forest: Planting 260,000 native trees to revive degraded land.
  • 5,500 tons of CO2 removal: Securing carbon credits for emissions offset between 2027-2030.
  • Economic and ecological benefits: Supporting biodiversity, air and water quality, and local jobs.

The Mercedes-AMG PETRONAS F1 Team is partnering with Chestnut Carbon to drive large-scale carbon removal projects across the Southeastern United States. The initiative aims to restore 200 hectares (~500 acres) of degraded farmland into thriving biodiverse forests, aligning with the team’s sustainability goals.

Why it matters

While emissions reduction remains a priority, the team acknowledges the need for high-quality carbon removals to address unavoidable emissions, in line with Oxford Offsetting Principles.

>> In Other News: BKV Announces Strategic Partnership for South Texas CCS Facility

The commitment

  • Mercedes-AMG PETRONAS F1 has secured carbon removal credits through Chestnut Carbon, offsetting 5,500 tons of CO2 from 2027 to 2030.
  • This investment supports Chestnut’s Sustainable Restoration Project, which has planted over 10 million trees to date, with one million+ tons of carbon captured by 2040.
  • The project also improves biodiversity, air, and water quality, while creating local jobs by sourcing seedlings and hiring regional experts for planting.

Industry-leading standards

The initiative aligns with the Gold Standard for Global Goals, ensuring third-party auditing, conservative carbon accounting, and lasting impact.

What they’re saying

Toto Wolff, CEO & Team Principal, Mercedes-AMG PETRONAS F1 Team:“We are determined to lead by example in sustainability. This collaboration is a crucial step in addressing our residual emissions and reaffirms our commitment to becoming one of the most sustainable global sports teams.”

Toto Wolff

**Toto Wolff, CEO & Team Principal, Mercedes-AMG PETRONAS F1 Team**

Alice Ashpitel, Head of Sustainability, Mercedes-AMG PETRONAS F1 Team:“Working with Chestnut Carbon enables us to support projects that sequester carbon while benefiting biodiversity and local communities. This investment is key to our broader carbon removal strategy.”

Alice Ashpitel, Head of Sustainability, Mercedes-AMG PETRONAS F1 Team

**Alice Ashpitel, Head of Sustainability, Mercedes-AMG PETRONAS F1 Team**

Ben Dell, CEO, Chestnut Carbon:“We’re proud to partner with Mercedes-AMG PETRONAS F1 to deliver high-quality, nature-based carbon removals. Our long-term commitment ensures environmental integrity and community engagement for sustainable impact.”

Ben Dell, CEO, Chestnut Carbon

**Ben Dell, CEO, Chestnut Carbon**

Icons/external Source

Add Comments

Subscribe to the newsletter

Icons/inbox check

Daily decarbonization data and news delivered to your inbox

Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.


Latest issues

  • This $4.1M Deal Could Change Carbon Capture's Playbook

    Inside This Issue 🗜️ CarbonQuest Lands $4.1M Alberta Deal on Gas Compressors 🛡️ CADO, 123Carbon, and Assure SAF Registry Join Forces to Tackle SAF Integrity Gaps ✈️ ISCC, OMV, and Airbus Partner t...

  • Can Koloma Crack Iowa's Billion-Year-Old Secret?

    Inside This Issue ⛏️ Iowa's Hydrogen Rush: Can Koloma Strike Gold Before Rules Kick In? ✈️ Bentley Commits to Use 100% Sustainable Aviation Fuel for Car Airfreight 🌬️ Minister Parrott Provides Upd...

  • $47M Just Poured Into This SAF Producer

    Inside This Issue 💰 LanzaJet Announces $47M in New Capital and First Close of Equity Round at $650M Pre-Money Valuation 🚢 Maersk's Ethanol Bet Could Reshape U.S. Fuel Markets 🪨 Canada Nickel and t...

View all issues

Company Announcements

Daily decarbonization data and news delivered to your inbox

Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.

Subscribe illustration