This Week in CDR - Week 13, 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.

This week saw some key developments in durable CDR, with two large deals for nearly 109,000 tonnes, while Stockholm Exergi approved a €1.2B BECCS facility in Sweden.
Other updates include Northern Lights expanding its CO₂ storage capacity to 5M tonnes/year, Google funding a new ocean alkalinity enhancement research project, a new protocol for river-based CDR, and a call for stronger MRV in enhanced weathering. 

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

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What is the market sentiment for durable CDR?
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Deals and Partnerships

[Image source: Eion]

Deals

Frontier signed a $33 million offtake agreement to buy 78,707 tonnes of CDR from Eion. The tonnes will be removed between 2027 and 2030, and this is also Frontier's first deal with an enhanced weathering company deploying Olivine to remove CO₂.

Japanese shipping company Mitsui O.S.K. Lines (MOL) purchased 30,000 tonnes of CDR from US-based Direct Ocean Removal (DOR) company Captura. MOL has also joined as a strategic partner and invested in Captura through its venture arm to scale its DOR deployment.

Mizuho Financial Group joined NextGen CDR, an advance market commitment and a joint venture between South Pole and Mitsubishi Corporation, becoming the first Japanese bank to purchase durable CDR credits.

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Projects

[Image source: Stockholm Exergi]

Stockholm Exergi passed an investment decision to build one of the world’s largest BECCS facilities for SEK 13 billion (€1.2 billion). The facility will be operational in 2028 and have a capacity to capture and permanently store 800,000 tonnes of CO₂ annually.

Northern Lights JV (Equinor, Shell, TotalEnergies) announced the expansion of its CO₂ transport and storage capacity to 5 million tonnes per year, following an agreement with Stockholm Exergi for 900,000 tonnes of biogenic CO₂ annually.

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Financing

[Image source: Carbon To Sea Initiative]

Carbon To Sea Initiative and Google have announced that they are funding the Ocean Alkalinity Enhancement Model Intercomparison Project (OAEMIP) to study how location and timing impact OAE’s large-scale carbon removal efficiency through coordinated multi-model studies.

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: Isometric]

Isometric released a new protocol for CDR via River Alkalinity Enhancement (RAE) for public consultation. The protocol, developed with feedback from CarbonRun, details requirements and procedures for carbon removal that occurs via rivers.

Milkywire published a new article urging buyers and registries to adopt improved soil water measurements to enhance enhanced weathering CDR accuracy.
(Disclosure: CDR.fyi Co-founder Robert Höglund leads the Milkywire CDR Fund.)

Project developer Deep Sky launched the Climate Dashboard, a real-time platform aggregating key climate metrics like temperature anomalies, CO₂ levels, sea ice extent, sea level rise, and economic disaster impacts.

Absolute Climate and Vesta partnered to co-develop the MRV framework and methodology for Coastal Carbon Capture and apply the Absolute Carbon Standard to marine carbon removal.

Carbon Gap and RMI partnered to develop the next phase of the National Carbon Removal Readiness Assessments—comprehensive reports that help align CDR deployment with an individual country's goals, policies, and available resources.

The Enhanced Weathering Policy Working Group, led by Carbon Removal Alliance and Cascade Climate, released “Research Priorities for Enhanced Weathering”, highlighting U.S. programs that can advance scientific understanding of the environmental, health, and agronomic impacts of enhanced weathering implementation.

Poll of the week

In our latest poll, we're eager to hear from you:How will 2025's total durable CDR contracted volume compare to 2024's 8 million tonnes?

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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.