SEOUL, South Korea, Aug. 1, 2025 /PRNewswire/ -- LX Pantos, a leading global logistics company with end-to-end supply chain solutions—including freight forwarding, contract logistics, intermodal transportation, rail services and e-commerce Logistics—is pleased to announce the appointment of David Bang as Chief Executive Officer, Americas. With nearly 30 years of experience in logistics, forwarding, specialty courier, supply chain, digitalization, and industry vertical development, David brings a wealth of knowledge and expertise to his new role, leading approximately 2000 team members across key markets in North and South America.
Before joining LX Pantos, which is a part of LX Group—a South Korean conglomerate with over $16.8B annual revenue that emerged from a spin-off of LG Group in 2021—David served as Global Chief Commercial Officer at JAS Worldwide, where he transformed its commercial footprint into a globally recognized logistics provider, particularly in the key industries such as automotive, aerospace & defense, pharma & healthcare, energy solutions, and technology with sustainable and profitable growth rooted in customer centricity and corporate culture. He is also well known in the pharma and healthcare industry, because of his more than 20-year tenure at DHL as a co-founder and CEO of a joint venture between DHL and Lufthansa Cargo for bio-pharma temperature controlled international logistics. Combining digital, financial, and leadership skills, David also serves as a board member at several technology companies, where he coaches and advises their investors, founders, and executives.
Lee Yong-ho, CEO of LX Pantos, said, "We expect David Bang to elevate our business in the Americas—a strategic region for LX Pantos—to the next level, based on his abundant experience and network in the global market."
David's appointment as Chief Executive Officer, Americas, at LX Pantos marks a significant milestone in the company's journey. His extensive experience and visionary leadership will drive LX Pantos' continued growth and success in the global logistics and transportation market.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
David Bang Appointed as Chief Executive Officer, Americas at LX Pantos
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Agreement Calls for Over 100,000 tonnes of Carbon Dioxide Removal (CDR) across 3 Years
GURUGRAM, India, Jan. 15, 2026 /PRNewswire/ -- Varaha, a leading developer of carbon dioxide removal (CDR) projects with smallholder farmers across Asia, today announced a major offtake agreement with Microsoft for biochar carbon removal in India.
Varaha will develop 18 industrial gasification reactors that will operate for 15 years, with a total projected removal volume exceeding 2 million tonnes of CO₂ over the project's lifetime.
The project sources cotton stalks from smallholder farms in Maharashtra, India for use as the feedstock for biochar production. After harvest, these stalks are treated as waste biomass, and open-field burning is a common practice across the region's cotton belt. This project provides an alternative use for the stalks, converting them into biochar through Varaha's biomass gasification facilities and sequestering biogenic carbon for centuries.
Delivering Local Impact
Varaha's biochar project also delivers measurable benefits for farmers and communities:
- Improvement in Air Quality: The project mitigates the widespread burning of cotton crop residue, significantly reducing PM 2.5 pollutants that contribute to poor air quality. By providing an economically viable alternative to field burning, the initiative tackles a major source of seasonal air pollution.
- Promotion of Regenerative Agriculture: Farmers participating in the program adopt regenerative practices like crop residue mulching and biochar application to soils, improving soil health, water retention, and long-term agricultural productivity.
- Lifting Farmer Livelihoods: The program directly enhances the livelihoods of thousands of smallholder farmers, who receive payment both for contributing agricultural biomass and for implementing crop residue incorporation practices.
"This agreement demonstrates that high-integrity carbon removal can drive transformative co-benefits for communities and ecosystems," said Madhur Jain, Varaha CEO. "We're not just removing carbon—we're creating economic incentives for farmers to mitigate open burning of crop residues."
The project's first reactor will operate alongside Varaha's 52-acre cotton research farm in Maharashtra, where Varaha works directly with farmers to test sustainable practices, including soil application of biochar, under real-world conditions. With up to 18 total reactors funded across India's cotton belt through Microsoft's commitment, the focus remains clear: scaling quickly while putting farmers first.
Setting New Standards for Asian Carbon Markets
The agreement signals growing recognition of the region's potential for high-quality carbon removal projects. Biochar offers permanent carbon storage on geological timescales while supporting agricultural systems, making it one of the most promising pathways for durable carbon dioxide removal.
"This offtake agreement broadens the diversity of Microsoft's carbon removal portfolio with Varaha's biochar project design that is both scalable and durable. It represents a step forward in scaling biochar CDR growth in Asia and advancing co-benefits for farmers—improved soils, cleaner air, and shared economic opportunity," said Phil Goodman, program director, CDR at Microsoft.
The credits generated through the Varaha program meet rigorous standards for measurement, reporting, and verification, ensuring that each tonne represents genuine, permanent carbon removal.
About Varaha
Varaha is a leading developer of carbon dioxide removal (CDR) projects in Asia, with a mission of scaling smallholder farmer-led climate solutions to remove carbon from the atmosphere and strengthen rural livelihoods. Specializing in regenerative agriculture, agroforestry, biochar, and enhanced rock weathering projects across South Asia, Varaha has pioneered a technology- and science-driven approach to carbon project development since its founding in 2022. Varaha is headquartered in Gurugram, India, and operates 20 carbon projects across India, Nepal, and Bangladesh.
Agreement Calls for Over 100,000 tonnes of Carbon Dioxide Removal (CDR) across 3 Years
GURUGRAM, India, Jan. 15, 2026 /PRNewswire/ -- Varaha, a leading developer of carbon dioxide removal (CDR) projects with smallholder farmers across Asia, today announced a major offtake agreement with Microsoft for biochar carbon removal in India.
Varaha will develop 18 industrial gasification reactors that will operate for 15 years, with a total projected removal volume exceeding 2 million tonnes of CO₂ over the project's lifetime.
The project sources cotton stalks from smallholder farms in Maharashtra, India for use as the feedstock for biochar production. After harvest, these stalks are treated as waste biomass, and open-field burning is a common practice across the region's cotton belt. This project provides an alternative use for the stalks, converting them into biochar through Varaha's biomass gasification facilities and sequestering biogenic carbon for centuries.
Delivering Local Impact
Varaha's biochar project also delivers measurable benefits for farmers and communities:
- Improvement in Air Quality: The project mitigates the widespread burning of cotton crop residue, significantly reducing PM 2.5 pollutants that contribute to poor air quality. By providing an economically viable alternative to field burning, the initiative tackles a major source of seasonal air pollution.
- Promotion of Regenerative Agriculture: Farmers participating in the program adopt regenerative practices like crop residue mulching and biochar application to soils, improving soil health, water retention, and long-term agricultural productivity.
- Lifting Farmer Livelihoods: The program directly enhances the livelihoods of thousands of smallholder farmers, who receive payment both for contributing agricultural biomass and for implementing crop residue incorporation practices.
"This agreement demonstrates that high-integrity carbon removal can drive transformative co-benefits for communities and ecosystems," said Madhur Jain, Varaha CEO. "We're not just removing carbon—we're creating economic incentives for farmers to mitigate open burning of crop residues."
The project's first reactor will operate alongside Varaha's 52-acre cotton research farm in Maharashtra, where Varaha works directly with farmers to test sustainable practices, including soil application of biochar, under real-world conditions. With up to 18 total reactors funded across India's cotton belt through Microsoft's commitment, the focus remains clear: scaling quickly while putting farmers first.
Setting New Standards for Asian Carbon Markets
The agreement signals growing recognition of the region's potential for high-quality carbon removal projects. Biochar offers permanent carbon storage on geological timescales while supporting agricultural systems, making it one of the most promising pathways for durable carbon dioxide removal.
"This offtake agreement broadens the diversity of Microsoft's carbon removal portfolio with Varaha's biochar project design that is both scalable and durable. It represents a step forward in scaling biochar CDR growth in Asia and advancing co-benefits for farmers—improved soils, cleaner air, and shared economic opportunity," said Phil Goodman, program director, CDR at Microsoft.
The credits generated through the Varaha program meet rigorous standards for measurement, reporting, and verification, ensuring that each tonne represents genuine, permanent carbon removal.
About Varaha
Varaha is a leading developer of carbon dioxide removal (CDR) projects in Asia, with a mission of scaling smallholder farmer-led climate solutions to remove carbon from the atmosphere and strengthen rural livelihoods. Specializing in regenerative agriculture, agroforestry, biochar, and enhanced rock weathering projects across South Asia, Varaha has pioneered a technology- and science-driven approach to carbon project development since its founding in 2022. Varaha is headquartered in Gurugram, India, and operates 20 carbon projects across India, Nepal, and Bangladesh.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Varaha Signs Carbon Removal Agreement with Microsoft
