This Week in CDR - Week 1, 2025

We are back with another edition of This Week in CDR, a weekly round-up of the top news, developments, and market updates from the world of durable carbon removal.

As the year kicks off after a strong close in December, the durable CDR industry has had a fairly slow week after the festive season. The EPA issued California’s first Class VI well permits to Carbon TerraVault, while MASH Makes announced the expansion of its biochar production capacity to 14,000 tonnes a year.

Read on to learn more below!

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Deals and Partnerships

[Image source: Greensand Future, INEOS]

Partnerships

Scottish BECCS company The Carbon Removers announced an agreement to capture and store 50,000 tonnes of CO₂ annually in a depleted oil field beneath the North Sea. This is part of the EU’s first operational CO₂ storage facility, Project Greensand, led by INEOS.

Enhanced weathering company Lithos Carbon partnered with Morin Ag Services, an agricultural company, to use crushed basalt on farmlands in Wisconsin to capture and store CO₂. Lithos will get access to CDR credits through this partnership, via its enhanced weathering technology.

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Projects

[Image source: U.S. Environmental Protection Agency]

The U.S. Environmental Protection Agency (EPA) issued four Class VI well permits to Carbon TerraVault a subsidiary of California Resources Corporation, allowing it to inject 1.5 million tonnes of CO₂ annually for 26 years, totaling nearly 38 million tonnes of CO₂ removed and stored.

Indo-Danish CDR company MASH Makes announced the expansion of its plant in Udupi, India, allowing it to double its capacity to produce 14,000 tonnes of biochar as well as 7,000 tonnes of biofuel annually.

Opportunities for Suppliers!
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Financing

[Image source: Frontier]

Frontier announced the launch of its Alkalinity Sourcing Challenge, with an aim to find the most accessible deposits of highly reactive rock that could collectively help CDR reach a scale of 1,000 Gigatonnes over the next century at the cheapest possible cost. $5000 will be awarded to the 10 best submissions while the applications are due for the challenge by January 6, 2025.

Policy and Research

[Image source: Exomad Green]

Bolivian biochar producer Exomad Green announced that its Riberalta Biochar Plant has been certified by Puro.earth biochar methodology. It was also announced in December that the facility would double its capacity to 120,000 tonnes of CDR by 2025.

Heads Up!

In early February, we will be releasing the CDR.fyi 2024 Year in Review, the data updates for which are now open.

The CDR.fyi Year in Review is the definitive report of the state of the durable carbon removal market, used by press, policymakers, investors and the CDR ecosystem to benchmark our progress, identify key trends & bottlenecks to scaling durable CDR.

We request all durable CDR market participants to update their data via our Portal. In case you haven't started with the Portal, please reach out to us at team@cdr.fyi or use the link here to sign up as a Portal member.

Join over 700 companies and sign up for free access to the CDR.fyi Portal to gain market insights, showcase your company’s profile and progress, and get on the CDR Map!

Disclosure

CDR.fyi is a public benefit corporation operating globally. Some of the company’s contributors have affiliations with companies in the industry, including Milkywire, Charm Industrial, CDRJobs, and DVNE. Data and content published by CDR.fyi, including This Week in CDR, our Monthly Recaps, and our Quarterly Market Updates, are vetted and reviewed by individuals with no conflict of interest.