Durable CDR Market Recap: February 2026 — Key Deals & Trends

We are back with another edition of the CDR Monthly Recap, a monthly round-up of some of the top news, developments, and market updates from the world of durable carbon removal.

February saw around 116,000 tonnes contracted, led by deals that saw participation from market actors such as Exomad Green, Senken, O.C.O Technology, Vaulted Deep, Sensirion Holding, and Shopify.

New projects, partnerships, and large funding opportunities, as well as announcements, continue to drive momentum for the industry ahead, alongside various events in the field.

Read on to learn more below!

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Deals and Partnerships

[Image source: Exomad Green/Senken]

Deals

Exomad Green signed a 2-year offtake agreement with Senken for 105,000 tonnes of CDR. The credits will be delivered by 2028 and will be generated from Exomad’s Concepción and Riberalta facilities in Bolivia.

Zurich Insurance Group signed a pre-purchase agreement for 1,200 tonnes of CDR from Parallel Carbon. The tonnes will be generated from Parallel Carbon’s integrated DAC with geological storage and hydrogen (DAC+H2) production process.

Rothschild & Co and O.C.O. Technology signed a 3-year offtake agreement, facilitated by Patch, for mineralization-based CDR credits. The agreement will support Rothschild & Co’s strategy to address 100% of its CO₂ emissions through CDR.

Tapestry partnered with Climeworks Solutions in a 10-year agreement to purchase CDR credits from Climeworks’ portfolio. The deal, Tapestry’s first CDR purchase to date, includes credits across 5 engineered and nature-based methods.

Partnerships

The LEGO Group expanded its carbon removal portfolio, investing DKK 18 million in nature-based and technology-based projects through Climate Impact Partners and ClimeFi.

Carbon Business Council, Carbon180 and Ocean Conservancy launched the mCDR Forum, creating a neutral space for inclusive dialogue, governance, and collaboration on marine carbon dioxide removal approaches worldwide.

Carbon Direct and C2X announced a collaboration on the Beaver Lake Biofuels project in Louisiana, with Carbon Direct providing scientific expertise, carbon market knowledge, and CDR credit offtake facilitation for the project.

The Carbon Business Council and Emerald Climate launched APACdr, a Singapore-based working group uniting stakeholders to scale carbon removal across Asia-Pacific through policy, finance, and procurement frameworks.

Climeworks and Saudi Arabia's Royal Commission for Jubail signed an MoU to advance direct air capture deployment, building on successful multi-site testing and feasibility studies conducted with the country’s Ministry of Energy.

FLS Group and Cula announced a partnership to improve sampling accuracy in biochar monitoring, reporting, and verification (MRV) by using software to independently track and verify physical lab samples.

Green Carbon partnered with Excellent Enfab Incorporation to launch an industrial-scale biochar CDR project in India, targeting approximately 18,000 tonnes of CDR credits annually.

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Projects

[Image source: Varaha]

Varaha launched its Industrial Partners Program to enable improved access to infrastructure and CDR credit generation through its expertise. The initiative has successfully kicked off a new project in Côte d'Ivoire using agricultural cashew waste.

Project developer Varhad Capital announced that it is set to commission its first facility in India with a capacity to produce 3,000 tonnes of biochar, followed by a second unit at the end of Q2 2026. The resulting credits will be made available for buyers via Carbonfuture.

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Financing

[Image source: Efrem Efre]

The Swedish Energy Agency announced that it will open a SEK 300 million ($28 million) funding call for Bioenergy with Carbon Capture and Storage (BECCS) projects to meet national climate goals.

Varaha secured $20 million in funding to scale CDR projects in India, marking the first tranche of its planned $45 million Series B funding round, led by Westbridge Capital, with participation from existing investors RTP Global and Omnivore.

The US Environmental Protection Agency (EPA) awarded a $14.7 million grant to California-based Tule River Economic Development Corp (TREDC), which will enable them to build a facility that can produce 4,500 tonnes of biochar a year.

Terradot acquired Eion to form a leading global Enhanced Weathering platform, expanding its portfolio and operations across the U.S. and Brazil. Eion’s contracts of over 100,000 tonnes are included in this agreement.

Carbogenics closed a $3 million investment and grant funding round, securing backing from U.K. and U.S.-based investors to scale its proprietary biochar technology and expand operations in Europe and the U.S.

Nova-Scotia-based mCDR company pHathom closed CAD 4 million in a seed funding round led by Propeller Ventures, with participation from the New Brunswick Innovation Foundation (NBIF), Invest Nova Scotia, and Carmeuse Ventures.

The Colorado Energy Office awarded Crew Carbon $2.35 million in grant funding. Crew will deploy its technology to improve its performance, lower cost and remove CO₂ at an existing wastewater treatment plant

Four German Association for Negative Emissions (DVNE) members - Ucaneo, Phlair, NeoCarbon, and the MVV Group - were selected to receive funding under Germany’s Federal Funding Programme for Industry and Climate Action (BIK).

Australian company NoviqTech announced it has acquired 90% of Coralia, expanding into biochar carbon removal. Coralia’s biochar CDR platform focuses on helping data centres mitigate their AI-driven carbon emissions.

remove announced a cohort of eight startups selected for its Global Leap cohort, spanning Europe and India, supporting them with policy, fundraising, and technical guidance to advance durable carbon removal solutions.

Pricing Mismatch 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

[Image source: Dušan Cvetanović]

The European Commission set the world’s first voluntary standard for durable carbon removal, adopting the first set of certification methodologies under the EU Carbon Removals and Carbon Farming Certification (CRCF) - covering DACCS, BECCS, and biochar.

US Senators Murkowski and Schatz, joined by bipartisan House colleagues, introduced the ReSCUE Oceans Act to fund marine carbon dioxide removal research, establish field research sites, and strengthen interagency coordination at NOAA.

Research and Reports

[Image source: Cascade Climate]

Cascade Climate launched a call for partners to build a coordinated enhanced weathering research network to accelerate field validation, standardization, and scientific collaboration across stakeholders.

Isometric published a buyer’s guide that outlines various factors to look for when procuring biochar-based CDR credits - including feedstock sourcing, production, permanence, lifecycle assessment and storage.

Rainbow opened a 30‑day public consultation on its distributed open‑kiln and closed‑kiln biochar methodologies, inviting stakeholder feedback to ensure that the methodologies are scientifically sound and practically applicable.

ClimeFi launched a specialized due diligence coverage platform providing buyers with comprehensive risk assessments and technical reviews to ensure more transparent investment decisions.

Isometric updated its BECCS Protocol to version 1.3, expanding eligibility to energy-from-waste projects, with UK operators Cory Group and Enfinium signing on as early partners.

Hourglass Climate released the Framework for Ecotoxicological Modeling of mCDR (FEMM), a tool to assess ecotoxicological risks of marine CDR projects. The tool can be used by project developers, regulators and standard-setting bodies.

Carbon Gap, in collaboration with Sweco, published a roadmap and a report highlighting Germany’s carbon removal potential, highlighting pathways for scalable deployment is essential to address the country’s residual emissions by 2045.

Carbon Business Council and Potential Energy Coalition released a new report providing guidance on how to improve public communication, shape public trust and align narratives around the carbon removal sector.

Carbon Direct published a new report, "CDR 2.0," which highlights five essential pillars for carbon removal projects to achieve successful deployment and long-term commercial scalability.

Supercritical published a delivery risk report, analyzing carbon removal projects’ fulfillment challenges, highlighting delays, and emphasizing the importance of transparency and risk management in climate commitments.

The Carbon Removal Standards Initiative published a roadmap identifying three coastal resilience pathways - living shorelines, ecosystem restoration, and stormwater management, with strong potential for marine CDR integration.

CarbonPlan released a new policy report reframing carbon removal discussions, urging policymakers to design frameworks that enable a net-negative world by differentiating technologies and aligning policy mechanisms with long-term goals.

Leaderboard Updates - February 2026

Around 116,000 tonnes of durable CDR were purchased in February, following January that saw around 125,000 tonnes contracted.

Supplier Leaderboard

Purchaser Leaderboard

CDR.fyi Updates and Research - February 2026

New Resource Live: The CDR.fyi Buyer’s Guide

Recently, we launched the CDR.fyi Buyer's Guide offering end-to-end, neutral guidance on durable carbon removal procurement, covering strategy, evaluation criteria, contracting, and reporting for buyers.

The guide covers the full lifecycle of a durable CDR purchase - from why an organization might buy, to how much and over what timeframe, through evaluation of projects and suppliers, procurement and contracting, and finally accounting, communication, and reporting.

We’re also excited to announce that we are hosting a session to walk through the guide’s main components and discuss how organizations can approach carbon removal procurement.

Whether you’re a buyer, supplier, intermediary, or another participant in the CDR ecosystem, join us to learn more and share your perspectives.

Limited slots available. Sign up here to secure your spot early

For further information, kindly contact us at team@cdr.fyi.

Introducing CDR.fyi Resources: The Definitive Resource Hub for Carbon Dioxide Removal

In February, we launched CDR.fyi Resources, a new dedicated hub for carbon removal, designed to highlight key market infrastructure, serve as a neutral reference and evolve with the sector. The CDR.fyi Buyer’s Guide and the OSCAR Agreement are the two resources currently live at this section of our website.

We’re building this alongside the broader CDR community. If you have a use case to showcase or feedback to share, reach out to us at team@cdr.fyi.

Introducing CDR.fyi Portal 2.0: Unparalleled Insights into the Global Durable Carbon Removal Market

In February, we introduced CDR.fyi Portal 2.0, the next step in our mission to provide transparent, accessible insights into the durable carbon removal market. Portal 2.0 builds on our commitment to open intelligence by keeping core features free, such as leaderboards, supplier profiles, and market trends, while adding advanced tools for those who need deeper, faster analysis.

New capabilities include the AI Data Scientist for instant answers using natural language, Price Insights for benchmarking based on price trends over time and Advanced Filtering to quickly find the intelligence market actors need.

Existing Portal users can log in and request access to the new features. New to Portal? Sign up for free to apply for access.

We’re continuing to develop this alongside the broader CDR community. If you have feedback or ideas for how Portal 2.0 can better serve your work, we’d love to hear from you at team@cdr.fyi.

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Disclosure

CDR.fyi is a public benefit corporation operating globally. The company has numerous contributors, some of whom are affiliated with companies in the industry, including Milkywire, CDRJobs, DVNE, and ETH. Data and content published by CDR.fyi, including This Week in CDR, this Monthly Update, and our Quarterly Market Updates, are vetted and reviewed by CDR.fyi representatives with no conflict of interest.

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