Carbon Herald just published JPMorganChase Deepens Charm Industrial Partnership With A New CDR Deal And Debt Financing.
Carbon Herald reports that JPMorganChase has broadened its existing relationship with Charm Industrial via a fresh carbon dioxide removal agreement paired with debt financing. The deal builds on prior offtake activity between the bank and the bio-oil sequestration company, signaling continued institutional backing for Charm’s approach of converting biomass into bio-oil and injecting it underground. The arrangement combines a CDR purchase commitment with credit support, a structure that pairs voluntary market demand with project-level capital. Specific tonnage, pricing, and loan terms are detailed in the original article.
Our take (Useful): Pairing offtake with debt is a more meaningful signal than a standalone purchase, since lenders typically require harder diligence than voluntary buyers. The open questions are durability accounting for bio-oil injection, MRV assumptions, and whether the debt sits at the corporate or project level, which changes the risk read.
-> Read the full piece at Carbon Herald
Captain Drawdown is flagging this. The reporting is Carbon Herald’s. Go read them directly, not a rewrite from us.
Source: Carbon Herald