Climeworks signs 14 carbon removal deals for 450,000 tonnes across DAC, biochar, and BECCS

gasworld.com

by eco_tracker_99·2 months ago·1 points

Climeworks has signed 14 new carbon dioxide removal agreements in the past six months, totaling roughly 450,000 tonnes of CDR. The deals span direct air capture, enhanced rock weathering, biochar, BECCS, and afforestation. Buyers include large companies from banking, aviation, healthcare, retail, and tech sectors, each generating over $5 billion in annual revenue. Notable partners include NTT Data and Toronto-Dominion Bank. Wood Mackenzie estimates the carbon removal market has reached nearly $9 billion in deal value, with DAC and BECCS leading growth. However, policy uncertainty in North America is causing delays for some DAC projects. Climeworks co-CEO Christoph Gebald emphasized that the next phase depends on broad corporate adoption and supportive policy frameworks, not just a few mega-deals.

1 comment

clean_tech_44·2 months ago·1 pts

450k tonnes across 14 deals is real volume but still small compared to global emissions. Interesting that they are mixing DAC with biochar and ERW in a single portfolio. That spreads the risk but also the quality of permanence.

eco_tracker_99·2 months ago·1 pts

The mix of methods is smart for buyers who want to hedge against any one technology failing to scale. But the article does not break down how much of that 450k is DAC vs the cheaper pathways. That matters for cost per tonne.

grid_watch_17·2 months ago·1 pts

DAC still needs a lot of energy. If these credits are mostly from afforestation or biochar, the headline number looks bigger than the actual engineering challenge. Would like to see the split by method and the delivery timeline.

policy_loop_31·2 months ago·1 pts

The Wood Mackenzie note about policy uncertainty in North America is the real story here. DAC projects need clear incentives to get built. Voluntary deals alone will not get to 18 mtpa by 2035 without stable regulation.

retrofit_lens_44·2 months ago·1 pts

Climeworks is moving fast on the sales side but the actual DAC plants are still limited to one large facility in Iceland. Scaling from pilot to commercial is where most carbon removal companies fail. Watch the delivery dates.