This Week in CDR - Week 25, 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 key updates in durable CDR, including SAP’s multi-method offtake agreement with Climeworks for 37,000 tonnes of CDR, Planetary delivering its first verified alkalinity enhancement credits, and Switzerland’s pilot transfer of CDR from Norway, marking the first Internationally Transferred Mitigation Outcomes (ITMO) agreement.

As we look forward to sharing the Q2 Durable CDR Market Update Report next month, we request all Portal members to get their orders updated on our Portal, so that we can have the most accurate, up-to-date data on CDR to help bring out key insights and trends to accelerate the industry forward.

We’re excited to announce that we are currently developing CDR Price Insights in its alpha phase — a new tool that compiles transactional pricing data for durable carbon removal. The aim is to offer directional insight into how prices vary by method, volume, and market maturity.

All data is contributed anonymously, and contributors gain access to the aggregated view and insights. Feel free to reach out to us at team@cdr.fyi if you're interested in contributing pricing data or learning more.

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: Climeworks]

Deals

SAP signed a multi-year agreement with Climeworks Solutions for 37,000 tonnes of durable CDR, comprising a portfolio of Direct Air Capture, biochar, and Enhanced Weathering credits. As part of the agreement, the tonnes are expected to be delivered by 2034.

Planetary delivered its first verified Alkalinity Enhancement credits under the Isometric Standard. The credits, amounting to 625 tonnes, from its Halifax project were purchased by Stripe, Shopify, and British Airways.

Switzerland launched the transfer of CDR from Norway to Swiss buyers grouped into a coalition as the first Internationally Transferred Mitigation Outcomes (ITMO) pilot through Article 6.2 of the Paris Agreement.

Deep Sky signed a multi-year offtake agreement with carbon credit management firm Rubicon Carbon, becoming the first DAC provider in its portfolio. Deliveries will begin in 2025, while the volume and pricing in the agreement were not disclosed.

Partnerships

Puro.earth and CUR8 partnered to give suppliers access to CUR8’s offtake financing product, enabling CDR projects to convert future credit revenues into upfront capital. Puro’s Offtake Reporting tool can check for eligibility for CUR8’s product.

Beyond Captur signed an MoU with Great Carbon Valley to launch Kenya’s first electrochemical DAC pilot, targeting the removal of 1,000 tonnes of CO₂/year, marking the first Korea–Africa partnership in durable CDR.

Want to know more about durable CDR?
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Financing

[Image source: ReGenEarth, ESG News]

ReGenEarth launched a £100 million green bond to scale biochar carbon removal across anaerobic digestion and biomass sites in the UK. The bond offers a 12.5% return and supports climate-positive, asset-backed investments.

Arca received $315,000 from Canada-based Mining Innovation Commercialization Accelerator (MICA) to advance its microwave-based Mineral Activation technology, which boosts CO₂ reactivity of mine waste by over 1000x.

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: Rubicon Carbon]

• Rubicon Carbon launched the Rubicon Rated Tonne, a set of curated carbon credit portfolios for buyers requiring third-party verification. Its first portfolio received an AAport rating from BeZero, signaling a high likelihood of CO2e avoidance or removal.
• Deep Sky selected Isometric as the registry for its Deep Sky Alpha project, which will issue verified DAC credits under the Isometric Standard, supporting transparent MRV and tech-agnostic carbon removal deployment.
• Carbon Unbound released a new report titled “Carbon Removal’s Next Chapter,” highlighting policy gaps, buyer urgency, and emerging strategies for scaling durable, equitable CDR across sectors.

Poll of the week

In our latest poll, we're eager to hear from you: How do you think pricing in durable CDR will trend in the next 12 months?

• Large decrease
• Slight decrease
• Slight increase
• Large increase

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.