This Week in CDR - Week 5, 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 brought significant milestones in durable CDR, from a 17,500-tonne offtake agreement to a shipping giant’s long-term CDR procurement strategy. It also saw the launch of the first government-backed CDR protocol and the unveiling of the world’s first dual-purpose hub for lithium production and carbon management.

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

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.

Deals and Partnerships

[Image source: Nellie Technologies]

Deals

Swiss financial group Zurich Insurance signed a 5-year offtake agreement to purchase 17,500 tonnes of CDR from Welsh company Nellie Technologies. The tonnes were verified under Puro.earth.

With an aim to compensate for its emissions, Japanese shipping company NYK Group launched its CDR procurement strategy, starting with plans to purchase 100,00 tonnes in the 2025 fiscal year.

Partnerships

ClimeFi, in partnership with Stockholm Exergi, launched the “Beyonds Emissions Initiative” aimed at allowing buyers to access durable carbon removal credits from BECCS at a preferential price and with unique risk mitigation attributes.

Carbon capture and removal company Svante partnered with Speed Skating Canada to launch the “Save the Ice” campaign in Calgary to raise climate awareness. For every video share, Svante will remove 0.5 kg of CO₂ from the atmosphere via Deep Sky.

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Financing

[Image source: Stockholm Exergi]

Stockholm Exergi secured over $1.8 billion (20 billion SEK) in Sweden’s BECCS reverse auction to advance its Stockholm facility, set to become Europe’s largest biogenic carbon capture and storage site.

Svante was selected by the U.S. Department of Energy to negotiate a cost-sharing agreement of up to $1.5 million for its Preliminary Front End Engineering Design (Pre-FEED) study on a commercial-scale carbon capture project based in Arkansas, US.

Stuttgart-based ZeroEx was awarded a grant from the Climate Intervention Environmental Impact Fund to deepen its understanding of the environmental impact of Enhanced Weathering in Western Germany.

Projects

[Image source: Winsome Resources]

Lithium developer Winsome Resources partnered with Isometric, Arca, Exterra, and Aquarry to develop a large-scale CDR hub at Renard, Canada - the world’s first dual-purpose hub for lithium production and carbon management.

Policy and Research

[Image source: Getty Images]

The Canadian government launched the Direct Air Carbon Dioxide Capture and Geological Storage (DACCS) offset protocol, allowing CDR projects to earn federal offset credits tradable under the Greenhouse Gas Offset Credit System Regulations to support carbon removal efforts.

CDR registry Puro.earth launched the Direct Air Capture and Ocean Storage (DACOS) methodology, developed with Equatic, for public consultation. This approach leverages the ocean’s natural CO₂ uptake in a controlled, reactor-based setting.

Carbon Drawdown Initiative released findings from their 4-year-long Enhanced Weathering experiment, revealing varied carbon removal results across soil-rock combinations, with steel slag as the most effective, achieving CDR rates of up to 2.8 tCO₂ per hectare per year.

Industry association Carbon Removal India Alliance (CRIA) partnered with the Council on Energy, Environment and Water (CEEW), a climate think tank, to advance research and policy in CDR and sustainability in India.

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Poll of the week

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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.