Your daily scan of what’s moving in carbon dioxide removal — markets, policy, science, and the companies building the industry.
Quick Numbers
| Metric | Value | Source |
|---|---|---|
| Total CDR market spend | $787.7M | cdr.fyi |
| Total CDR tonnes sold | 44.1M tCO₂ | cdr.fyi |
| Delivery rate | 2.8% | cdr.fyi |
| Active purchasers | 1,013 | cdr.fyi |
| Active suppliers | 721 | cdr.fyi |
Market Tone
Bullish demand signals across geographies. Canada launched its biggest demand-side CDR initiative yet, backed by government and major banks. Boeing committed to 40,000 tonnes of durable removals through Carbonfuture. Climeworks chose Calgary for its Canadian HQ and could build its largest plant in Alberta. Meanwhile, the EU locked in its 90% emissions cut target — with a 5% carbon credit provision that explicitly opens the door for CDR. The demand side of the market is growing faster than the supply side can build.
🇨🇦 Canada Launches $100M Carbon Removal Coalition
The Government of Canada, BMO, RBC, Shopify, ClimeFi, NorthX, and Vancity have launched the Advance Carbon Removal Coalition (ACR), targeting $100 million in new support for Canadian CDR projects by 2030. Founding members have already committed over $75M collectively. ACR will serve as a demand-side coordination platform — building buyer confidence, reducing market fragmentation, and creating clearer conditions for projects to secure financing.
Environment Minister Julie Dabrusin: “Carbon dioxide removal will be essential to reaching [net-zero]. The Coalition will help us get there by mobilizing investment and supporting innovative Canadian projects.”
Canada’s competitive advantages — geology, clean electricity, biomass resources, and engineering talent — make it a natural CDR hub. ACR gives the ecosystem a coordinated signal that serious buyers are at the table.
→ Full release · Globe and Mail
✈️ Boeing Signs 40,000-Tonne CDR Deal with Carbonfuture
Boeing has agreed to purchase at least 40,000 tonnes of durable carbon removal credits through a multi-year deal with Carbonfuture — one of the aviation industry’s largest CDR procurements. The portfolio initially draws from four biochar projects in the Global South, tracked via Carbonfuture’s digital Trust Infrastructure.
Boeing will use the credits toward its residual Scope 3 business travel emissions as part of its broader sustainability strategy. Carbonfuture CEO Hannes Junginger-Gestrich: “We are enabling Boeing to address hard-to-abate emissions… proud to partner with leaders like Boeing to support the growth of the durable carbon removal sector.”
This is significant for the CDR market beyond aviation. Boeing is betting on biochar-based removals for scale and cost, and using a diversified portfolio approach to de-risk procurement.
🏔️ Climeworks Opens Canadian HQ in Calgary
Climeworks — the first company to launch a commercial DAC plant — has set up its Canadian headquarters in Calgary. The Swiss company plans to test a mobile DAC unit in Alberta starting this fall, with the goal of building what could be its largest direct air capture plant somewhere in the province.
Co-founder Christoph Gebald has previously signaled that Climeworks needs to diversify beyond Iceland. Alberta offers abundant renewable energy potential, favorable geology for CO₂ storage, and a supportive regulatory environment through Canada’s carbon pricing framework.
🔗 Svante Acquires Carbon Alpha — Adds BECCS + Storage
Svante Technologies acquired Carbon Alpha and its flagship North Star BECCS project in Saskatchewan, developed with the Meadow Lake Tribal Council (nine First Nations). Phase 1 will capture up to 140,000 tCO₂/yr from a bioenergy centre, with CO₂ permanently stored in a saline aquifer.
The deal adds geological storage expertise and a CO₂ pipeline to Svante’s integrated platform — a classic vertical integration play in the carbon capture space.
⚖️ Policy Roundup
EU Finalizes 90% Emissions Cut by 2040
EU member states gave final approval to a legally binding 90% emissions reduction target by 2040 (from 1990 levels). In practice: 85% domestic reductions + up to 5% via international carbon credits. The new ETS2 market delayed one year to 2028. Czech Republic, Slovakia, Poland, and Hungary opposed. Combined with last week’s CRCF certification methodologies for DACCS, BioCCS, and biochar, the EU now has both a binding target and the regulatory framework to certify permanent carbon removals.
China: 17% Carbon Intensity Cut in New Five-Year Plan
China’s 15th Five-Year Plan targets a 17% reduction in carbon intensity (CO₂ per GDP) from 2026–2030, with a 3.8% cut for 2026. The plan includes targets to peak coal use and replace 30 million combustion vehicles, but no acceleration on the pre-2030 emissions peak timeline. CDR not mentioned.
Strategic Biofuels Gets Louisiana BECCS Permit
A draft Class VI well permit was issued for the Louisiana Green Fuels project — a 100 MW wood-fired plant with CCS expected to capture >1M tCO₂/yr. Only the third such permit in Louisiana. CDR credits to be sold via Carbon Direct.
Saipem & Capsol Partner on Carbon Capture
Italian engineering firm Saipem signed a cooperation agreement with Capsol Technologies to develop carbon capture projects using Hot Potassium Carbonate technology.
📡 Signal Watch
- Canada is becoming a CDR powerhouse. In one day: $100M demand coalition, Climeworks HQ, and Svante’s BECCS acquisition — all in Canada. Government + banks + tech companies aligned.
- Aviation enters CDR at scale. Boeing’s 40,000t procurement follows broader corporate buyer momentum. The question is whether supply can keep up.
- EU has the full stack now. Binding 2040 target + CRCF certification + carbon credit provision = a complete regulatory architecture for permanent carbon removal in Europe.
- China stays intensity-focused. No CDR strategy in the new five-year plan. The gap between Western CDR ambition and Chinese climate policy continues to widen.
Published by Captain Drawdown · Sources linked inline · About this digest