This Week in CDR - Week 21, 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 huge developments in durable CDR, with two major offtake agreements totaling a volume of 1.69 million tonnes, including the largest biochar CDR deal to date. There were some key developments in financing in particular, with Mati Carbon securing a JPMorgan debt facility to scale carbon removal operations while CUR8 launched a first-of-its-kind financing product to provide up front capital access to suppliers.

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

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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: Exomad Green]

Deals

Exomad Green signed an offtake agreement with Microsoft for 1.24 million tonnes of CDR, making it the largest biochar carbon removal deal to date. Deliveries will be tracked with Carbonfuture's MRV+ and certified by Puro.earth.

JPMorgan Chase signed an offtake agreement with CO280 for 450,000 tonnes of CDR. CO280 retrofits the existing pulp and paper mills industry to capture biogenic CO₂ from boiler stack emissions for permanent geological storage.

Partnerships

AspiraDAC and Great Carbon Valley signed an MoU to explore a joint project for carbon removal and geological storage in Kenya, targeting 5,000 tonnes of CO₂ removal annually with potential for future scale.

The Enhanced Weathering Alliance became a vertical within the Carbon Business Council, reflecting CO2BC’s tech-neutral approach in CDR, while also having verticals to advance the needs of specific pathways, like EW.

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Projects

[Image source: Skytree]

Skytree’s Stratus DAC technology was selected for a Power-to-X pilot with interdisciplinary research center Forschungszentrum Jülich, that will leverage this technology to transform sunlight into e-fuels, enabling scalable, transportable clean energy solutions.

Cool Effect added Clairity Technology’s Project Juniper to its carbon removal portfolio. This marks the nonprofit's first direct air capture initiative, highlighting its commitment to supporting scalable, high-integrity carbon removal solutions.

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Financing

[Image source: Mati Carbon]

Mati Carbon announced a new debt financing agreement with J.P. Morgan to expand its enhanced weathering-based carbon removal solutions globally. The debt facility is aimed at supporting scale-up without equity dilution.

Indian enhanced weathering company Alt Carbon closed a seed funding round of $12 million that was led by Lachy Groom, with participation from existing investors like Shastra VC and other angel investors.

CUR8 launched a first-of-its-kind financing product, turning long-term carbon removal offtakes into upfront capital. This solution helps project developers scale faster, boosts buyer flexibility, and attracts institutional investment into the CDR market.

Terraset introduced a philanthropic revolving fund that reinvests proceeds from carbon credit sales to corporate buyers and also into pre-purchases, creating a self-sustaining engine to scale the CDR sector.

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

[Image source: Isometric]

Isometric certified the world’s first protocol for CDR through River Alkalinity Enhancement (RAE), following a 30-day public feedback The protocol details requirements and procedures for carbon removal that occurs via rivers.

Poll of the week

In our latest poll, we're eager to hear from you: Which method do you think will be next to land a mega-deal (100,000 tonnes or above) ?

• BECCS
• Enhanced Weathering
• DACCS
• Mineralization

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.