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Frontier buyers sign first $53M in offtake agreements with Charm Industrial
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OUR BLOG
21 Oct 2021 | Peter Reinhardt
2 MINUTES READ
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At Charm we take carbon from plants, convert it to liquid and inject it deep underground, permanently removing it from the atmosphere. Today we’re excited to announce that we’ve delivered over 5,000 tons CO₂e removal since January, our first (partial!) year of operation. We believe this represents the world’s largest permanent carbon dioxide removal delivery of all time.
And yet… 5,000 tons is a drop in the bucket. We are in a race against time to remove billions of tons of carbon dioxide per year (according to IPCC models.) We’ll need multiple methods of carbon removal, all scaling at breakneck speed, to meet our climate goals. That’s why we’re excited that Climeworks has also begun carbon removal deliveries, and other companies are racing to deploy their own carbon removal capacity. We’d love to see many more permanent carbon removal companies begin deliveries.
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In addition to the 1,400 tons CO₂e we previously delivered to Stripe and Shopify, our newest delivery includes 2,000 tons CO₂e for Microsoft, and an aggregate 1,900 tons CO₂e for Zendesk, Square, Sourceful, Aerial, Pledge, Carbon Removed, Kickstarter, Klimate, Thanks a Ton, Joro, Cosora.earth, Climate Responsible, Canopi, Chero, Removement, Andrew Brook, Nicolas Schultheiss, Ted Suzman, Ilya Volodarsky, Tom McInerney and Calvin French-Owen.
Their purchases are directly enabling us to scale up production of pyrolyzers to come down our future cost curve, much like solar power has over the past 20 years. To continue scaling up engineered carbon removal, we need more carbon removal buyers to convert their climate commitments into carbon contracts. It’s critical on the pathway to a healthy planet. You can purchase carbon removals here or reach us at sales@charmindustrial.com. As we like to say at Charm... Gigatons or Bust!
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Peter Reinhardt
CEO
Subscribe to follow our journey to inject bio-oil into deep-geological formations, Charm permanently puts CO2 back underground.
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Bio-oil is produced through fast pyrolysis of waste biomass, then transported to an injection well, prepared for injection, and pumped underground. In the US these injection wells are regulated under EPA Underground Injection Control. The process effectively takes atmospheric CO₂, captures it in biomass, converts the biomass to a liquid similar to crude oil but with half the energy content, and injects it into rock formations that have stored crude oil for hundreds of millions of years. In the coming months we plan to publish a white paper documenting this new method in detail.
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Shaun Meehan
Chief Scientist
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Bio-oil is produced through fast pyrolysis of waste biomass, then transported to an injection well, prepared for injection, and pumped underground. In the US these injection wells are regulated under EPA Underground Injection Control. The process effectively takes atmospheric CO₂, captures it in biomass, converts the biomass to a liquid similar to crude oil but with half the energy content, and injects it into rock formations that have stored crude oil for hundreds of millions of years. In the coming months we plan to publish a white paper documenting this new method in detail.
Humanity has emitted hundreds of gigatonnes of CO₂. Now you can put it back underground.
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