"Charm collects agricultural and forestry waste and uses heat to turn it into a product it calls "bio-oil," a messy jumble of hydrocarbons that it injects underground, including into former oil wells. Once sequestered, Charm can sell carbon removal credits to companies. Axios first reported on the startup's deal with Boeing. Aviation has made little progress on cutting its carbon emissions. That has left companies in the sector searching for alternatives."
"Charm can also produce biochar, a substance that when applied to farm fields can help boost soil productivity, though those efforts are still in their infancy, according to data from carbon removal registry Isometric. Financial terms of the deal were not disclosed. Two years ago, Charm sold 112,000 carbon removal credits to Frontier, the advanced market commitment, for $53 million, or about $470 per metric ton. Charm has said it wants to bring the cost down to about $50 per metric ton."
Boeing signed a deal with Charm Industrial to remove 100,000 metric tons of carbon from the atmosphere. Charm converts agricultural and forestry waste into bio-oil through heat and injects it underground, including in former oil wells, to sequester carbon. Once sequestered, the company sells carbon removal credits. Aviation has struggled to cut emissions, prompting industry players to pursue removal as a lower-cost alternative to sustainable aviation fuels. Charm also produces biochar that can improve soil productivity, though deployment remains nascent. Charm previously sold 112,000 credits to Frontier for $53 million, about $470 per ton, and aims to lower costs toward $50 per ton.
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