Buyer’s Guide: Carbon Dioxide Removal Technology (2024)
Access this research
Access all Net Zero & Climate Risk content with a strategic subscription or buy this single report
Buy now $2422.00
Buy Subscription
Need help or have a question about this report? Contact us for assistance
Executive Summary
The market for carbon dioxide removals (CDR) has expanded rapidly over the past 24 months. With significant volumes of corporate offtake agreements emerging – headed by market commitments such as Frontier – and capital funding reaching new heights in 2023, buyers of carbon removal offsets are faced with a market in flux. This report provides analysis of 26 CDR technology vendors in the market, at various maturity stages, from prototype to active delivery. The study draws on data from prominent vendors, analysis from previous Verdantix research, and publicly available information. Prospective participants in the CDR market should use this report to identify best-fit vendors to support their CDR procurement strategies in the voluntary carbon market (VCM).
Table of contents
Buyer’s Guide to carbon dioxide removal (CDR) technologyDefining CDR technology
CDR has reshaped corporate offsetting paradigms
Buyers must understand technological processes, to accurately inform procurement
Buyers must reconcile climate ambition with CDR market realities
Selection criteria for the 2024 CDR technology Buyer’s Guide
Charm Industrial utilizes bio-oil sequestration to support durable carbon removal
Climeworks pioneers the commercialization of DAC technology
Heirloom operates the first commercial DAC plant in the US
Lithos blends crop yield benefits and carbon removal to scale ERW carbon removals
Running Tide capitalizes on the ocean’s vast potential as a durable carbon sink
UNDO Carbon leads the way for MRV across ERW carbon removals
Vaulted Deep uses mature waste management technologies to power biological carbon removal
Table of figures
Figure 1. Carbon removal offtake agreements allow buyers to secure supply at a pre-determined priceFigure 2. List of CDR technology providers
Figure 3. Charm Industrial provider overview
Figure 4. Climeworks provider overview
Figure 5. Heirloom provider overview
Figure 6. Lithos Carbon provider overview
Figure 7. Running Tide provider overview
Figure 8. UNDO Carbon provider overview
Figure 9. Vaulted Deep provider overview
Organisations mentioned
1PointFive, Advantek Waste Management Services, AENU, Ahren Innovation Capital, Airbus, Amazon, Aperam BioEnergia, Banque Pictet, BCG (Boston Consulting Group), Biochar Life, Boeing, Breakthrough Energy Ventures, British Airways, Bupa, Carbfix, Carbofex, Carbon Cycle, Carbon Direct Capital Management, CarbonCapture, CDR.fyi, Chan Zuckerberg Initiative, Charm Industrial, Climeworks, Deep Sky, DNV , Douglas County Forest Products, Dropbox, Eion, Electronic Arts, E-liability Institute, Equatic, Exomad Green, EXOR Ventures, Framework, Freres Biochar, Frontier, General Catalyst, Great Carbon Valley, Greensand, Heirloom, IDEO, Incite Ventures, International Organization for Standardization (ISO), Isometric, JPMorgan Chase, Kinnevik, Kita, Klarna, Lithos Carbon, Lowercarbon Capital, ĺslandsbanki, Mati, Microsoft, NASDAQ, Newcastle University, Nordic Investment Bank, Noya, Octavia Carbon, Pacific Biochar, Polaroid, Project Vesta, Puro.earth, PwC, Reykjavik Protocol, Rothschild & Co, Running Tide, Science Based Targets initiative (SBTi), Sequestr, Shopify, Softwire, Sourceful, Standard Chartered, Stripe, Supercritical, Sustaera, Swiss Re, TD Securities, Terraset, Thrive Capital, Uber, UN Intergovernmental Panel on Climate Change (IPCC), UNDO Carbon, US Environmental Protection Agency (EPA), Vaulted Deep, Venrock, Verra, Vestre, Wakefield Biochar, Washington State University, Watershed, World Economic Forum (WEF), ZendeskAbout the authors
Related Reports
Not a Verdantix client yet?
Register with Verdantix for authoritative data, analysis and advice to allow your business to succeed.