01 / FEATURED
Frontier buyers sign first $53M in offtake agreements with Charm Industrial
)
Skip to main content
OUR BLOG
19 Apr 2021 | Peter Reinhardt
2 MINUTES READ
)
Stripe purchased 416 tons CO₂e in carbon removal from Charm in May 2020, as our very first customer. That carbon is now permanently sequestered in geological storage.
When Stripe made their purchase, our proposed carbon removal method was only a few weeks old and untested. In the 11 months since then we’ve built, tested, patented, and confirmed our methodology with deep scientific panels not only at Stripe but at Shopify, Microsoft, CarbonPlan, CarbonDirect and others. Even better, we delivered the first 150 tons CO₂e of carbon removal in January 2021, and are announcing that as of March 26, 2021 we’ve completed delivery of the entirety of Stripe’s carbon removal contract and delivered the final documentation of completion to Stripe.
)
Ryan Orbuch of Stripe’s Climate team had this to say:
We’re on track to permanently sequester carbon for all contracts ahead of schedule, and are continuously scaling up our sales and sequestration volume.
Conscious consumers and companies are moving towards engineered carbon removals after carbon registries, verification bodies and trusted brands have sold fraudulent carbon offsets with abandon. Research from Oxford, Stanford and Berkeley has found that 85% of nature-based carbon offsets sold today are not “additional”, meaning nothing happens as a result of the carbon offset purchase. This has triggered a momentous shift towards permanent removals beginning in 2019 with Stripe’s landmark carbon removal RFP, followed by Shopify’s later in 2019 and then Microsoft’s in 2020.
For companies and individuals looking to have exceptionally catalytic impact on carbon removal and the climate as a whole, as Stripe has had, we’d love to share more about Charm’s carbon removal pathway. Learn more here and contact us at sales@charmindustrial.com.
We’re incredibly grateful for Stripe’s “first mover” purchase, and excited about our continued rapid scaleup and partnership with Stripe.
Find it interesting? Share!
)
Peter Reinhardt
CEO
Subscribe to follow our journey to inject bio-oil into deep-geological formations, Charm permanently puts CO2 back underground.
Find it interesting? Share!
The transition from paper exercise to real operations is never more clear than when a truckload of logs gets dropped off in your yard. When your raw material grows in forests or gets baled in cornfields, and shows up in piles taller than a house, inventory management stops being a spreadsheet exercise and starts being an engineering challenge. Running a diversified supply chain, where your sources are piles of wildfire residue in one location, and bales of corn stover in another, presents a real organizational challenge. At Charm, our business depends on turning irregular biomass residues into stable carbon that is stored underground. As we scale our carbon removal operations, quantifying those piles early, accurately, and repeatedly isn’t just helpful, it’s foundational. That’s why we’ve leveraged AI to measure, store, and evolve our biomass inventory using photogrammetry and computer vision - designed for real yards, real terrain, and real-world variability.
)
Brian Jamieson
Principal Scientist & TEA Guy
)
Garrett Lutz
Carbon Accounting- MRV
)
The transition from paper exercise to real operations is never more clear than when a truckload of logs gets dropped off in your yard. When your raw material grows in forests or gets baled in cornfields, and shows up in piles taller than a house, inventory management stops being a spreadsheet exercise and starts being an engineering challenge. Running a diversified supply chain, where your sources are piles of wildfire residue in one location, and bales of corn stover in another, presents a real organizational challenge. At Charm, our business depends on turning irregular biomass residues into stable carbon that is stored underground. As we scale our carbon removal operations, quantifying those piles early, accurately, and repeatedly isn’t just helpful, it’s foundational. That’s why we’ve leveraged AI to measure, store, and evolve our biomass inventory using photogrammetry and computer vision - designed for real yards, real terrain, and real-world variability.
Humanity has emitted hundreds of gigatonnes of CO₂. Now you can put it back underground.
)
)
)