Durable CDR Market Recap: June 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.

June saw around 362,000 tonnes of durable CDR contracted, led by deals that saw participation from Equilibrium, Altitude, JP Morgan Chase, Charm Industrial, Alt Carbon, Microsoft and TD Bank.

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: Deep Sky]

Deals

Canadian developer Deep Sky delivered North America's first certified direct air capture (DAC) credits to Microsoft and RBC from its Alpha facility in Innisfail, Alberta. The credits were verified by Isometric.

Altitude and India-based Equilibrium signed an 8-year, 180,000-tonne biochar CDR offtake agreement, structured to project-finance Equilibrium's industrial biochar facilities across multiple agricultural regions.

JP Morgan Chase signed an agreement to purchase 61,500 tonnes of CDR from Charm Industrial and will invest $20 million in a venture debt facility to expand Charm’s commercial operations in Colorado.

Alt Carbon signed a three-year offtake agreement with Microsoft for 36,920 tonnes of Enhanced Weathering credits to be delivered from the Darjeeling Revival Project in eastern India.

Deep Sky signed a 10-year offtake agreement with TD Bank for 18,000 tonnes of CDR. The agreement makes TD Bank the third major financial institution to sign an offtake agreement with Deep Sky.

Brazilian bioenergy company FS Fueling Sustainability announced the sale of 10,000 tonnes of CDR to Freepoint Commodities Europe. The tonnes will be generated from FS’s existing BECCS facility to integrate carbon capture and geological storage with corn ethanol production .

Climeworks Solutions signed a 10-year agreement to supply TD Bank with a CDR portfolio spanning enhanced weathering, biochar, and BECCS, alongside future DAC credits from Climeworks' planned Canadian facility.

Partnerships

Climeworks Solutions announced that it signed 14 new partnerships in the first half of 2026 - its strongest half-year to date - totalling approximately 450,000 tonnes across biochar, BECCS, Enhanced Weathering, ARR, and DAC.

Commons opened expressions of interest for its 2026 carbon offset procurement cycle, targeting over 100,000 tonnes of CDR and superpollutant mitigation credits across nine pathways.

UK air navigation services provider NATS partnered with CUR8, committing to invest £500,000 in a CDR portfolio spanning DAC, biochar, and mineralization, as part of its commitment to address residual emissions beyond its reduction targets.

Bain & Company partnered with Rubicon Carbon to include Enhanced Weathering credits from MOMBAK’s Project Cajueiro as part of its sustainability strategy.

Heirloom, naval defence company TKMS, and Thyssenkrupp Calvion signed two MOUs to develop a large-scale hub for DAC in Alberta, Canada, combining Heirloom's limestone-based DAC technology with thyssenkrupp Calvion's engineering capabilities.

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Projects

[Image source: UnionDAC/Mission Zero]

Progressive Energy, Mission Zero Technologies, and Airhive partnered to develop UnionDAC, a 60,000 tonnes/year DAC facility on Teesside, targeting operations from 2030 as part of the UK's East Coast Cluster expansion.

BioCirc inaugurated the world's largest carbon capture and storage facility integrated with biogas production at Vesthimmerland, Denmark that will capture 32,500 tonnes of biogenic CO₂ annually.

Mitsubishi Electric and Finland's VTT Technical Research Centre completed the core development of a direct ocean removal system that removes CO₂ via seawater using a gas-capture method, and are now seeking partners for commercialization.

Brineworks launched a DAC demonstration plant at Amsterdam Science Park designed to capture up to 100 tonnes of CO₂ annually, with early data indicating the ability to capture atmospheric CO₂ at below $115 per tonne.

The São Paulo state government launched a five-year program worth R$30million ($5.8M) to build Brazil’s first BECCS pilot for sugarcane ethanol, targeting capture of fermentation CO₂ and deep geological storage.

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Financing

Image source: Frontier

Frontier secured $915 million in new commitments from buyers Stripe, Google, Shopify, Salesforce, H&M Group, and new member Anthropic, bringing its total advance market commitment to $1.8 billion.

Isometric raised $40 million in a Series A led by AVP, along with participation from Lowercarbon Capital and Plural, to expand its AI-powered Certify platform beyond carbon removal into the broader industrial certification market .

Tencent announced the winners of its CarbonX 2.0 innovation program, sharing nearly $30 million in catalytic funding across CDR, CCUS for steel, carbon utilization, and long-duration energy storage, with five winners from the CDR track.

Captura raised $12.5 million in Series B funding, led by Equinor Ventures, to advance its electrodialysis platform across a range of markets including critical minerals, industrial water, energy storage, and carbon management.

The Carbon to Sea Initiative announced a $5 million Request for Proposals to expand its Global Ocean Alkalinity Enhancement Field Research Network, aimed to support field sites and technical demonstrations globally.

Graphyte secured Sumitomo Corporation’s equity investment in its Arkansas Loblolly project (to triple its annual capacity to 65K tonnes) and a CDR offtake agreement with Japanese shipping company NYK Group.

Sumitomo Mitsui Banking Corporation completed a strategic equity investment in Deep Sky, marking SMBC's first direct equity participation in the CDR sector. The investment is aimed at building Japanese corporate demand for durable CDR.

BeZero Carbon acquired Cedar, a carbon data and analytics platform, to accelerate the development of its integrated CDR intelligence capabilities, combining Cedar's project-level dataset and analytical tools with BeZero's ratings infrastructure

2026 Durable CDR Pricing Survey results are out!
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Policy

[Image source: SBTi/ESG Today]

The Science Based Targets initiative released Version 2.0 of its Corporate Net Zero Standard, introducing a framework for residual emissions neutralisation using CDR and a voluntary Ongoing Emissions Responsibility program, effective 2027.

ISO released a draft of its first international corporate net zero standard in which it requires companies to begin purchasing carbon removal within five years of setting a target rather than waiting until 2035.

Carbon180 published a policy memo for scaling CDR in the US, combining federal procurement, a compliance mechanism shifting purchase obligations to industrial emitters, and a carbon border adjustment mechanism.

Research and Reports

Image source: Puro.earth

Puro.earth announced that its registry officially reached one million retired CO2 Removal Certificates (CORCs), following a more than doubling of retirements in 2025.

Puro.earth introduced a dedicated program to align its durable CDR methodologies with the incoming European Union Carbon Removal Certification Framework, creating a standardized pathway for high-integrity compliance.

Isometric released a draft framework for model-based enhanced weathering quantification and has opened the protocol for comprehensive public feedback and expert scientific consultation.

The American Forest Foundation, Beyond Alliance, and RMI released a new legal and financial framework for managing reversal risk across all CDR pathways, introducing a standardized approach that could bolster market integrity and scalability.

The third edition of the State of Carbon Dioxide Removal report was published, highlighting that durable CDR is growing at 40% per year but remains at just 0.002 GtCO₂/year, with country pledges falling short of Paris-compatible scenarios in 2030.

Biochar Europe published the 5th edition of its European Biochar Market Report, examining biochar production capacity, carbon removal market development, policy signals, and emerging applications across industries for the biochar sector in the continent.

Terraset published its year one results from the Revolving Fund, the world's first CDR-focused revolving loan structure, which has successfully unlocked and deployed continuous philanthropic capital into high-impact CDR purchases.

Carbon180 published a new report outlining policy priorities to accelerate technology-based CDR, emphasizing coordinated federal investment, infrastructure, procurement, and regulatory reforms needed to scale durable CDR deployment in the US.

The Nordic Carbon Removal Association published a report examining how Denmark can integrate CDR into its 2035 climate target, recommending that Denmark formalise separate CDR targets and demand mechanisms before the 2035 deadline.

Leaderboard Updates - June 2026

Around 362K tonnes of durable CDR were contracted in June following May that saw around 1.49 million tonnes contracted.

Listed below are the June leaderboards for top suppliers and purchasers:

Supplier Leaderboard

Purchaser Leaderboard

CDR.fyi Updates and Research - June 2026

Durable CDR Market Update: From Ambition to Execution

In June, we published an article “Durable CDR Market Update: From Ambition to Execution” based on our Co-Founder and CEO Alexander Rink's presentation at Carbon Unbound East Coast and highlights the durable CDR market activity across purchases, deliveries, retirements, pricing, method development, policy, and financing.

Request the deck and watch the full presentation using the link here.

Accelerating Carbon Removal with AI

We published an article on how AI can be used to accelerate the CDR sector while managing the risks it creates across areas such as technical workflows, MRV, research & development, market intelligence and analysis.

The article was a result of two campfire sessions on the topic at Carbon Unbound East Coast in New York, that brought together carbon removal suppliers, researchers, buyers, technology companies, and students.

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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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