Charm Industrial secures 61,500-ton carbon removal deal and $20 million from JPMorganChase

Charm Industrial has signed a 61,500-ton carbon removal agreement with JPMorganChase, which also provided $20 million in financing. The deal supports Charm's bio-oil injection technology that stores carbon underground, marking one of the larger corporate offtake commitments in the direct air capture and carbon removal space. The financing and tonnage commitment from a major bank signals growing institutional appetite for durable carbon credits. Buyers in the voluntary carbon market are increasingly looking for permanent storage solutions rather than nature-based offsets alone. This deal adds to a string of large purchases by financial firms seeking to meet net-zero targets. Still, questions remain about scalability. Charm's approach relies on biomass sourcing and geologic storage, both of which face supply chain and permitting hurdles. The 61,500-ton figure is significant but small relative to global emissions, and delivery timelines will determine whether this model can scale beyond early adopters.