This Week in CDR - Week 22, 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, including the first Japanese shipping company to retire technology-based CDR credits and Canada’s largest industrial-scale biochar facility commencing operations, while new funding programs and RFPs were announced to advance marine CDR innovation.

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

[Image source: Mitsui O.S.K Lines]

Mitsui O.S.K. Lines became the first Japanese shipping company to retire technology-based CDR credits, having purchased 2,000 tonnes of CDR from biochar producer Exomad Green through NextGen CDR.

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Projects

[Image source: Carbonity]

Carbonity, Canada’s first and largest industrial-scale biochar plant, commenced operations with a 10,000-tonne annual capacity, aiming to triple production by the end of 2026. The project is a joint venture between Airex Energy, Groupe Rémabec, and SUEZ.

Exomad Green and Carbonfuture’s released "The Power of Biochar" - a documentary on biochar production in the Bolivian Amazon, where biomass waste is transformed into high-quality biochar for carbon removal, soil restoration, and community support.

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Financing

[Image source: Tencent]

Tencent’s CarbonX 2.0 Program, which is offering millions in grant funding to accelerate next-gen CDR technologies, will be closing its application window on May 31. Applicant teams are also welcome to propose their pilot scenarios anywhere in the world.

Carbon180 launched Making Waves, a funding opportunity to support innovation in ocean-based carbon removal, emphasizing community engagement and local expertise. The winners will receive a grant funding of $100,000.

Japanese agri-tech company TOWING secured 1.94 billion Yen in Series B funding from existing investors Beyond Next Ventures, Mitsubishi UFJ Capital, Kyoto Capital Partners, Toho Gas Co., along with a number of new investors.

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: Cascade Climate]

Cascade Climate unveiled the ERW Data Quarry, a platform for sharing enhanced rock weathering data to accelerate scientific progress and improve transparency in carbon removal methodologies.

Oceanid and Alaska’s Southeast Conference launched an RFP focused on turning Alaska into a marine carbon dioxide removal (mCDR) hub, exploring kelp biochar feedstock and carbon sequestration research.

ClimeFi and the World Ocean Council launched a new series of articles on marine-carbon removal technologies, the first of which explores the science, promise, and commercial momentum behind mCDR.

Isometric released a draft protocol for Direct Ocean Capture & Storage (DOCS) with Captura and CarbonBlue participating, outlining rigorous MRV standards to ensure high-integrity carbon removal through its Air-Sea Carbon Dioxide Uptake Module.

Ecosystem Marketplace released its State of the Voluntary Carbon Market 2025 report, highlighting a growing share of CDR credits, despite being 381% more expensive than reduction credits and accounting for 5% of traded credits in 2024.

Poll of the week

In our latest poll, we're eager to hear from you: Which of the following regions do you think will produce the next megatonne deal supplier?

• Oceania
• Africa
• South Asia
• East Asia

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.