February 28, 2025
This Week in CDR - Week 9, 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 huge developments in durable CDR, including Frontier’s deal with Phlair for 47,000 tonnes, United Airlines’ investment in Heirloom, and Colombia’s first biochar CDR credits from Volcafe and Cotierra. Meanwhile, Sirona and Cella launched a new project in Kenya, and Planetary removed 1,000 tonnes via ocean alkalinity enhancement.
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: Phlair]
Deals
Frontier Buyers signed an offtake agreement with Phlair for $30.6 million to buy 47,000 tonnes of CDR. The tonnes will be delivered between 2027 and 2030 using Phlair's electro-chemical direct air capture technology.
United Airlines Ventures Sustainable Flight Fund secured the right to purchase up to 500,000 tonnes of CDR from Heirloom for SAF production or permanent storage, alongside an equity investment in the company.
Partnerships
Swiss green coffee trader Volcafe and CDR company Cotierra issued the first biochar carbon removal credits from Colombia, effectively supporting the decarbonization of coffee farming while benefiting farmers in the country.
Want to know more about durable CDR?
Join over 800 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!
Financing
[Image source: Frontier]
Frontier opened the application window for its 5th prepurchase round, shifting to a rolling review and targeting projects that fill key carbon removal gaps in the field and its portfolio.
Recently, on Carbon Removal Day in Ottawa, the Government of Canada announced the launch of a new Request for Information (RFI) to engage the industry on procurement options for carbon removal services.
Washington-based ag-tech company Qualterra raised $4.5 million boosting its plans to launch the sale of biochar carbon credits from its operations. The company recently moved to a new facility allowing it to increase its plant production 10-fold.
Midori Climate Partner secured pre-seed funding led by Tokio Marine Holdings to develop biochar carbon removal projects across Asia, starting with a launch in Cambodia targeting over 10,000 tonnes of durable CDR.
The British Columbia Centre for Innovation and Clean Energy (CICE) announced a new funding opportunity for CDR innovation with up to $3 million in non-dilutive investment available to support early-stage, CDR solutions.
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.
Projects
[Image source: Sirona Technologies]
Sirona Technologies and Cella partnered to launch Project Jacaranda in Kenya. The facility, which uses solar-powered DAC and mineralization to capture and store CO₂ underground, marking the world's fastest DAC pilot deployment.
Marine CDR (mCDR) company Planetary successfully removed 1,000 net tonnes of CO₂ directly from the atmosphere through its ocean alkalinity enhancement process, marking a significant milestone in its efforts to advance carbon removal solutions.
Former Oka and BeZero Carbon executives launched Residual, a platform developing large-scale biomass-based CDR projects, prioritizing high-quality credits, risk mitigation, and industrial partnerships.
Get Custom Reports from CDR.fyi
Get custom reports with data coverage across specific data on durable CDR transactions, insights and analysis from our surveys, and insights on equity investments. Send a quote to team@cdr.fyi to get started.
Policy and Research
[Image source: California State Capitol]
A new bill was introduced in the California Senate, proposing an $80 million investment to procure CDR credits between 2026-2030, supporting DAC, biomass carbon removal & storage, Enhanced Weathering, and mCDR on behalf of the state.
The European Commission published the Clean Industrial Deal in which, despite acknowledging the urgent need to create a business case for permanent CDR, it fails to propose tangible deployment incentives for CDR scale-up in the short and medium term.
Non-profit climate fund Terraset released the findings of its survey of over 50 CDR suppliers, in which it aimed to understand the funding gaps holding back the growth of the durable CDR market, from a supply-side perspective.
In a recent blog post, XPRIZE explores the rigorous testing of participating teams, the diverse solutions, and also the market impact of carbon removal emphasizing scalability, sustainability, and verification as CDR grows to meet IPCC’s 2050 targets.
Opportunities for Suppliers!
Help shape CDR.fyi! Email us at partners@cdr.fyi to provide feedback on CDR.fyi's new Supplier pages and pricing tables.
If you are a Supplier based in California and are open to virtual or in-person tours with policymakers, please email us at team@cdr.fyi.
Poll of the week
In our latest poll, we're eager to hear from you: When measuring the crediting of CDR, where should we draw the system boundary for carbon removal?
- Narrow Accounting - project
- Wide Accounting - system
- Mix of both
Click here to participate in the poll and share your thoughts in the comments.
Join over 800 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.