The Inlandsis Fund and GECA join forces to accelerate the energy transition thanks to biochar


Montréal, May 9, 2024 — The Inlandsis Fund, which specializes in financing projects that reduce greenhouse gas emissions, is pleased to announce a strategic partnership with GECA, an internationally recognized consulting firm based in Québec specializing in the field of pyrolysis and biochar technologies.

Using its financial expertise, the Inlandsis Fund with GECA, will strive to increase investments and foster the development and implementation of innovative biochar projects that will contribute to the fight against climate change in Québec, Canada and North America.

Inlandsis and GECA will support the developers of biochar project with financing and technical consultancy services, applying industry best practices and standards. The partnership will also help guide local Québec project proponents in the evolving voluntary carbon market, carbon sequestration, and the various biochar technologies and their applications.

Known for its significant carbon sequestration potential, biochar is a by-product derived from the pyrolysis of biomass residues. Classified by the Intergovernmental Panel on Climate Change as a negative emission technology, this decarbonization solution sequesters up to 2.5 to 3 tonnes of CO2 per tonne of biochar, while providing significant environmental benefits such as air and water purification and enhancement of soil health. Biochar also has a wide range of applications and can be used as a substitute for fossil coal in various industries, or as a means of improving the quality of concrete and asphalt building materials while sequestering carbon.

“This partnership will allow us to accelerate and support our strategy of investing in biochar projects, a promising carbon sequestration solution for the climate. Our cooperation is essential and demonstrates our desire to strengthen our impact in Québec and beyond,” explains Mark Netto, Managing Director of Inlandsis.

Suzanne Allaire, CEO of GECA, concludes: “This partnership with Inlandsis is exciting for the biochar industry. GECA and Inlandsis, two Québec-based organizations that are unique in the world, play an important complementary role in the success of biochar projects. GECA offers innovative solutions to developers and Inlandsis supports them financially. What better way to fight against climate change while processing residues?”

Québec’s expertise in carbon finance

Inlandsis is a fund managed by Fondaction Asset Management, an impact-driven manager that creates innovative, high-impact financial solutions to accelerate the profound and sustainable transformation of the economy. Launched in partnership with Priori-T Capital, Inlandsis is the first Canadian fund, and one of only a few in the world, to provide project financing tied exclusively to environmental credits. Following the closing of the Inlandsis Fund II last December with commitments of nearly $130 million, Inlandsis continues its efforts to deploy capital for carbon reduction or sequestration projects, with more than 40 projects funded since 2017.

About Inlandsis

Established in 2017, the Inlandsis Fund platform has been supported since its inception by Fondaction and Priori-T Capital, both based in Montréal, Québec. This partnership has led to the creation of a strategic alliance to ensure the success of the Inlandsis funds.

Managed by Fondaction Asset Management, Inlandsis is the only Canadian fund platform, and one of the few worldwide, that generates returns for its investors by leveraging carbon markets to finance greenhouse gas emission reduction and removal projects. For more information, please visit

About GECA

Founded in 2015 in Québec City, GECA is an ecosystem of expert partners for developers of biochar, pyrolysis of residues and carbon sequestration projects. GECA ensures the successful development of carbon negative green projects to generate carbon credits. GECA is involved in all aspects of projects, including feedstocks, markets, technology, budgets, co-benefits, carbon project structuring and more. With customers in 30 countries, GECA has experienced strong growth since its inception, thanks in part to the expanding global biochar industry and its partners.

For more information, please visit

About Fondaction Asset Management

Fondaction Asset management (FAM) is an impact-driven manager that creates and delivers innovative, high-performance financial solutions to solve major environmental and social issues, generating competitive returns.

As a subsidiary of Fondaction, FAM channels large-scale capital into high-potential impact sectors, accelerating the profound and sustainable transformation of the economy. FAM currently manages fund platforms totalling over $480 million in areas such as energy transition, natural capital protection, environmental markets, and the circular economy.

For more information, please visit or follow us on LinkedIn

About Priori-T Capital

Priori-T Capital develops alternative investment solutions aimed at fighting climate change. The company builds on the experience of its managers who, since 2017, have made private investments in partnership with Fondaction in various climate change projects, including the Inlandsis fund platform. Today, it aims to create an ecosystem that provides investors with investment opportunities that are carbon market driven and offer entrepreneurs access to capital to build a greener economy. For more information: