This Week in CDR - Week 20, 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 Capgemini’s offtake agreements for 29,500 tonnes with Charm Industrial and Climeworks along with Svante launching the world’s first gigafactory for carbon capture & removal filters, while CarbonPlan launched CDRXIV for sharing the latest in carbon removal research.

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

In case you've missed the older editions, sign up to become a CDR.fyi Portal member to access an extensive newsfeed of updates in durable CDR.

What is the market sentiment for durable CDR?
Explore findings from the 2025 CDR Market Survey with Sylvera, in which we present the market sentiment and expectations for durable CDR solutions for 2025 and beyond.

Deals and Partnerships

[Image source: Capgemini]

Deals

Capgemini signed two long-term offtake agreements with Charm Industrial and Climeworks for 29,500 tonnes of CDR. Charm Industrial will remove 16,500 tonnes of CO₂ while Climeworks will remove 13,000 tonnes as part of the agreements.

Partnerships

Occidental and investment company XRG agreed to evaluate a joint venture to develop a facility in the South Texas DAC hub that can capture 500,000 tonnes of CO₂ a year with XRG considering a $500 million investment.

Project developer Residual Carbon partnered with Isometric, as part of which, it will work with industrial and agricultural partners to turn waste biomass into high-quality CDR projects that meet Isometric’s standards for scientific integrity and transparency.

Vietnam-based biochar company HUSK partnered with climate protection organization atmosfair to sign a carbon credit funding agreement to sequester 20,000 tonnes of CO₂ over seven years through biochar production.

Belgium-based student non-profit engineering project Innoptus Solar Team partnered with Sirona Technologies to offset all of the team’s flight emissions through CDR using Sirona’s Direct Air Capture (DAC) technology.

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Projects

[Image source: Svante]

Canadian company Svante launched a commercial-scale gigafactory in Burnaby to manufacture its carbon capture and removal filter modules that can collectively capture up to 10 million tonnes of CO₂ a year.

Climeworks announced that its real-world tests using Svante’s structured adsorbent material showed a significant performance leap for its DAC technology that doubles CO₂ capture capacity while cutting energy use by 50%.

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Financing

[Image source: Artur Widak / NurPhoto via Getty Images]

Canadian bank Scotiabank launched the new edition of its Climate Action Research Fund to support innovative carbon solutions, including CDR, and will award organizations CA$1 million over 10 years.

Paris-based company Riverse secured €5 million in seed funding to expand its high-integrity carbon credit platform. The investment round saw the participation of Alven, Racine², Speedinvest, and Kfund.

Terraset, in collaboration with 4 Corners Carbon Coalition and Giving Green, made its first grant to fund a biochar project. The pilot in New York’s Hudson Valley aims to develop a model for community-led carbon removal.

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.

Research and Reports

[Image source: CarbonPlan]

CarbonPlan launched CDRXIV, an open-access platform for sharing the latest carbon removal research. It aims to accelerate transparent, interdisciplinary knowledge exchange across the CDR ecosystem.

Absolute Climate launched its direct air capture and storage methodology for public feedback. The methodology allows project developers to tailor measurement, reporting, and verification (MRV) approaches while ensuring transparency across all carbon removal methods.

In a recently published report, BeZero Carbon has estimated that the UK carbon credit market could generate £1 billion in tax revenue and 135,000 skilled jobs by 2035, out of which 30,000 could be in engineered CDR projects and 80,000 in nature-based projects.

Heads Up!

Meet CDR.fyi at Carbon Unbound East Coast 2025

We’re excited to share that the CDR.fyi team will be attending Carbon Unbound East Coast in New York on May 20–21, joining 400+ business leaders, investors, buyers, and policymakers to shape the future of carbon removal.

CDR.fyi Co-founder & CEO Alexander Rink will be speaking and moderating sessions on the state of the durable carbon removal market and what lies ahead for the industry.

Our Co-founder Kevin Niparko will be running the Carbon Marketplace LIVE Dashboard with Terraset, aimed at unlocking open, philanthropic capital towards durable CDR.

Isaac De León, who works in the policy advisory area, will also be present at the conference next week.

If you have any questions, reach out to us at partners@cdr.fyi.

CDR.fyi Updates and Research

The Stats of CDR in SBTi

We released a new blog post analyzing carbon removal purchases among companies with the Science Based Targets Initiative (SBTi), which reveals that only 0.6% of participating companies have bought durable CDR to date.

The analysis also highlights that while purchases have increased, most buyers are outside hard-to-abate sectors. While Microsoft remains the top purchaser (amounting to over 20 million tonnes), SBTi-participant companies have collectively purchased 915,189 tonnes of durable CDR in comparison.

Poll of the week

In our latest poll, we're eager to hear from you: Which stage of the Gartner Hype Cycle is carbon removal at?

Innovation Trigger: Emerging tech, early interest
Peak of Inflated Expectations: Hype at its top, big promises
Trough of Disillusionment: Skepticism sets in, reality bites
Slope of Enlightenment: Real use cases appear, optimism grows

Click here to participate in the poll and share your thoughts in the comments.

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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.