This Week in CDR - Week 10, 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 we stepped into March this week, the durable CDR saw some key developments, featuring the launch of a 1-megatonne RFP by Watershed, large funding announcements along with the release of 7 reports, including the 2025 CDR Market Survey, which we released with Sylvera, presenting insights across market sentiment and expectations for durable CDR in 2025 and beyond.

Read on to learn more in the newest edition of This Week in CDR!

How did durable CDR fare in 2024? Explore insights from the CDR.fyi 2024 Year in Review, in which we analyze the major trends in the durable carbon removal market.

Deals and Partnerships

[Image source: Watershed]

Deals

• Enterprise sustainability platform Watershed launched its first request for proposal (RFP) for carbon removals, aiming to procure 1 million tonnes of credits over 18 months to meet growing customer demand.

Partnerships

Mitsui O.S.K. Lines (MOL) and KEPCO signed an MoU to explore carbon removal initiatives, conducting feasibility and economic research in Africa, Southeast Asia, and beyond to develop CO₂ removal-based carbon credits.

UK-based football team Liverpool FC and 1PointFive partnered to launch merchandise decarbonized using Direct Air Capture (DAC) technology from 1PointFive’s STRATOS facility, allowing fans to support carbon removal through their purchases.

Baker Hughes and Frontier Infrastructure partnered to accelerate large-scale carbon capture and storage (CCS) and power solutions in the U.S., with Baker Hughes providing technologies and resources for CCS, power generation, and data center projects.

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Financing

[Image source: Spiritus]

DAC company Spiritus announced a $30 million Series A funding round, led by Aramco Ventures and joined by Khosla Ventures, Mitsubishi Heavy Industries America, and TDK Ventures.

Biomass direct storage company Mote raised $7 million in Series A funding. The round was led by Nella Next and Preston-Werner Ventures, while it also saw participation from Counteract and other strategic partners.

Carbon Reform raised $5.5 million in a seed-plus round, with backing from Richard Green, MVP Capital Partners, and Delaware's Seed and Capital Accelerator Program under the State Small Business Credit Initiative.

Varaha secured a multi-million USD investment from Conductor Capital to expand CDRl projects across India and Nepal, benefiting more farmers and advancing multi-pathway initiatives in the region.

Greenlyte Carbon Technologies received a multi-million Euro grant from Produktives.NRW to develop DAC-2-e-Methanol, a first-of-a-kind facility in Marl, scaling liquid renewable energy production.

Pricing Perception Gap in Durable CDR
Explore insights from the Durable CDR Pricing Survey, conducted in partnership with OPIS, to help market participants better understand pricing expectations for durable CDR credits.

Policy and Research

[Image Source: ClimeFi]

ClimeFi introduced its Analyst Rating, a new product offering CDR project assessment to guide portfolio management, with coverage across areas including carbon quality attributes, delivery probabilities, scalability potential, regulatory evolvement, and alignment with emerging market trends.

Lithos Carbon partnered with Puro.earth to certify its Enhanced Rock Weathering (ERW) credits. Throught the certification, Lithos’ impact will be rigorously validated for durability, measurability, and scalability.

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Reports

[Image source: Unsplash]

Boston Consulting Group (BCG) and Association Française pour les Émissions Négatives (AFEN) released a report on France’s potential in CDR. The report highlights the market potential of up to €50 billion per year in 2050, the creation of nearly 130,000 jobs and other existing assets that make France a key player in the market.

Milkywire released a whitepaper on corporate CDR target setting, providing practical recommendations to complement emission reductions, ensure credible net zero pathways and accelerate the scale-up of CDR. *Disclosure: CDR.fyi Co-founder Robert Höglund is Manager of the Milkywire Climate Transformation Fund

Carbonfuture released a guide for CDR suppliers covering funding options, investor pitching, policy opportunities, and case studies, offering strategies to finance and scale carbon removal projects.

Supercritical released a report exploring how multi-year biochar offtake agreements are shaping supply, pricing and scale in the CDR market.

XPRIZE released the “Circular Carbon Market Report” analyzing investment and growth trends of the circular carbon industry in 2024, with carbon removal as one of the key sections in it.

CDR.fyi Updates and Research

• In Net Zero Standards We Trust - 2025 CDR Market Survey

• This week, we released the 2025 CDR Market Survey report with Sylvera, presenting and analyze the findings of our survey to gauge market sentiment and expectations for durable CDR solutions. Guidance on CDR from standard setters is cited as the top factor to scale the CDR market while other findings across portfolios, market growth, pricing, and business case for durable CDR.
• A full version of this Market Survey report, including charts for all questions, will be made available to survey respondents and CDR.fyi Premium account holders later this month.

Poll of the week

In our latest poll, we're eager to hear from you: As a market participant in durable carbon removal, which standard are you most closely following?

• SBTi Corporate Net Zero Standard
• ISO Net Zero Standard
• CORSIA
• ICVCM - Core Carbon Principles

Click here to participate in the poll and share your thoughts in the comments.

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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.