Carbon Removal (DAC)

Mercer International has secured C$20 million, approximately US$14 million, in financial support from the Canadian government for its Mercer Peace River Pulp subsidiary. The funding includes C$1 million non-repayable and C$19 million repayable, with repayment beginning in 2031. The capital will support productivity improvements and modernization at the Peace River mill in northern Alberta, including preparing the facility for expanded bio-energy production and carbon capture and storage. This builds on the mill's existing CO₂ capture demonstration project. Mercer International shares surged 53% in post-market trading.

Krungsri Securities maintains a buy recommendation on BANPU, with a 2027 target price of 17.0 baht per share, based on a continued recovery trend in 2026 to 2028, when net profit is expected to grow at an average of 68% per year. The natural gas and power plant business in the United States will benefit from rising electricity demand from data centers and the expansion of LNG export capacity. Management expects negotiations on power purchase agreements with major cloud service providers to progress by early 2027. The company aims to increase EBITDA by 1.5 times by 2030 and raise the share of clean energy business to more than 50%, from about 28% in 2023. It plans to expand power generation capacity in the United States by another 200 to 1,200 megawatts and grow its carbon capture business to 1.5 million tonnes per year by 2028, from about 0.4 million tonnes per year currently. For the coal business, the company targets 2026 sales of about 43 million tonnes, up from about 40 million tonnes in 2025, supported by demand for coal as a substitute for natural gas and the impact of the Middle East war on Qatari LNG supply. There is also upside risk to the target price of about 1.2 baht per share from the expansion of power generation capacity in the United States.

Carbon TerraVault Holdings, a subsidiary of California Resources Corporation, has started carbon dioxide injection and revenue generation at Carbon TerraVault I, California's first carbon capture and storage project. The project sources emissions from CRC's Elk Hills Cryogenic Gas Plant. For the second quarter of 2026, the Carbon Management Business reported operating revenues of $1 million, general and administrative expenses of $2 million, other operating expenses net of $7 million, capital investments of $3 million, and an adjusted EBITDAX loss of $8 million. The company provided third quarter 2026 guidance for capital investments of $0 to $2 million, general and administrative expenses of $0 to $2 million, and other operating expenses net of $4 to $12 million, with full-year 2026 guidance for capital investments of $10 to $18 million, general and administrative expenses of $4 to $10 million, and other operating expenses net of $20 to $30 million.

Thryve.Earth has secured its first corporate offtake commitments totaling 635,000 tonnes of carbon removal to restore 6,000 hectares of degraded land in Sulawesi, Indonesia. Symbiosis Coalition members Google and McKinsey committed to over 335,000 tonnes over 10 years, marking Symbiosis' first agroforestry offtake, while Tencent committed to 300,000 tonnes, its first offtake agreement outside China. The project will use a layered agroforestry system with fruit and timber trees to sequester carbon and provide lasting income for local communities. Thryve.Earth's model builds on decades of field-tested work by the Masarang Foundation, with long-term offtake commitments enabling the upfront financing needed to clear invasive grasses and establish new trees at scale.

UK-based carbon insurance company Kita has taken an undisclosed strategic investment from Japan's Tokio Marine Group and agreed to broaden its commercial collaboration. The investment was made through Tokio Marine & Nichido Fire Insurance Co, Kita said on 31 July. The deal deepens an existing relationship with Tokio Marine Kiln, with the companies already having worked on political risk insurance products aimed at carbon credit transactions. Kita said the expanded partnership will now extend to additional Tokio Marine Group companies to support the growth and integrity of global carbon markets. In Japan, Kita and TMNF are developing insurance designed to protect carbon credit buyers against transaction risks, including the possibility that prepaid credits are not delivered as contracted, and will also explore offering carbon project risk assessment services to TMNF customers using satellite-based analytics.

The Stock Exchange of Thailand has signed a memorandum of understanding with the Thailand Greenhouse Gas Management Organization to enhance capacity and increase the number of carbon verifiers in the country's carbon market ecosystem. Mr. Assadet Kongsiri, Director and Manager of the SET, stated that the SET Carbon Platform, which received certification from TGO in 2025, will be used to calculate and disclose greenhouse gas emissions data of listed companies. The data must be verified by experts certified by TGO. The SET will leverage its experience from the SET Exam platform to support examination arrangements and promote learning to elevate the credibility of greenhouse gas data. Mr. Nakorn Trangkaviraput, Director of TGO, said this collaboration will help unlock personnel constraints through the Climate Action Academy and effectively support the growth of greenhouse gas reduction mechanisms. The memorandum of understanding spans three years, aiming to build quality personnel and drive Thailand towards the Net Zero goal sustainably.

The global Direct Air Capture Market is projected to grow from USD 160.40 million in 2025 to USD 18,244.89 million by 2035, expanding at a CAGR of 34.17% from 2026 to 2035, according to SNS Insider. Government support, tax breaks, carbon pricing schemes, and corporate net-zero commitments are accelerating market growth globally. North America accounted for 46.73% of the overall market revenue in 2025, while the Asia-Pacific region is expected to witness the highest growth rate during the forecast period. In 2025, the Solid Direct Air Capture segment held a 55.46% revenue share, and the Renewable Energy source segment accounted for 42.56% of market revenue. The Carbon Capture and Storage application segment held a 65.35% share, and the Oil & Gas end-use segment contributed 32.45% of total revenue.

Uniper has appointed SLB Capturi as the preferred technology licensor for carbon capture at its proposed Connah's Quay Low Carbon Power project in Deeside, UK. The decision follows a competitive front-end engineering and design process that began in December 2024. The project will use SLB Capturi's Big Catch amine-based carbon capture technology, configured for flexible operation alongside gas turbines to handle fluctuating electricity demand. If the project reaches a final investment decision and subsequent contract awards, it would mark SLB Capturi's first major deployment in large-scale gas-fired power generation. The facility, targeting up to 1.38 gigawatts of generating capacity in two phases, would pipe captured CO₂ to the HyNet industrial cluster for permanent offshore storage, with an initial phase potentially operational from 2030.

The global gas separation membranes market is projected to grow from $1.5 billion in 2025 to $2.5 billion by 2031, a compound annual growth rate of 9.1%, according to a new report from BCC Research. The expansion is driven by surging demand for green hydrogen production and carbon capture technologies, with the carbon capture application segment growing at a 40% CAGR. Asia-Pacific holds a 43.5% market share, led by industrial growth in China and India and aggressive clean energy mandates. Key players include Air Products and Chemicals Inc., Air Liquide, Honeywell International Inc., SLB, and Membrane Technology and Research Inc.

The third public hearing draft of the Climate Change Act establishes a greenhouse gas emissions trading system and a carbon tax. Controlled legal entities will have their emission allowances capped and must reduce greenhouse gas emissions, potentially by adopting carbon capture and storage technology, or CCS. However, such investments involve high costs and risk from carbon price volatility. Associate Professor Dr. Piti Eiamchamroonlarp proposes using carbon contracts for difference for emission reduction projects, or CCfDs, as a tool for the government to compensate the difference between the market price of emission allowances and the cost of carbon avoidance or CCS services. This would incentivize industries to invest in low-carbon technology instead of buying emission allowances. These long-term contracts of 10 to 20 years would reduce financial risk and promote a domestic CCS market. Following the European Union's approach, CCfDs would be allocated through a competitive bidding process with an evaluation system to ensure the most effective use of public funds.

The digital token Blu Green Token began trading on the first day on the Bitkub digital asset exchange, opening at 1.30 baht per coin, up 8.33% from the subscription price of 1.20 baht, and during the day rose to touch 1.44 baht, or an increase of 20%. The token is issued by Siam TC Technology, a subsidiary of DITTO, as a digital investment token with carbon credits from a mangrove forest restoration project as the underlying asset. It is Thailand's first environmental token, raising 400 million coins worth 480 million baht to plant and care for over 17,531 rai of mangrove forest under the T-VER standard of the Thailand Greenhouse Gas Management Organization. Executives said this project will help businesses access carbon credits more easily and prepare for future cross-border carbon tax measures.

Entergy and Mitsubishi Heavy Industries Group have signed a memorandum of understanding aiming to develop a near-term roadmap for a 50% reduction in overall costs for carbon capture and storage solutions. The collaboration will leverage MHI Group's integrated gas turbine combined cycle and carbon capture technology, including M501JAC gas turbines from Mitsubishi Power Americas and carbon capture technology from Mitsubishi Heavy Industries America, to support decarbonization at Entergy's power generation sites. Entergy's operations are located near the largest existing carbon dioxide pipeline network in the United States and in a region with suitable subsurface geology for permanent CO2 storage. The partnership builds on a long collaboration between Entergy and Mitsubishi Power Americas and positions the companies as early leaders in the commercialization of integrated gas turbine and CCS technology.

Sustainable Green Team, Ltd. has announced a strategic partnership with a Florida-based capital group to scale its carbon-market verification platform. The partner is committing capital toward production infrastructure and operations, alongside a multi-year purchase agreement for SGTM's product, and the parties are pursuing a master license for SGTM's verification technology. The partner will also originate and market carbon credits generated through the platform. The partnership comes amid surging demand for verified carbon credits, with independent analysts projecting global demand could climb toward 2 billion metric tons annually by 2030. SGTM's platform produces independently verifiable environmental credit certificates and is built on 180 pending patents spanning 12 institutional domains, with carbon markets being the first domain brought to a partner at this scale.

The global carbon offset and carbon credit market is projected to grow from $534.25 billion in 2026 to $1.43 trillion by 2032, at a compound annual growth rate of 17.85%, according to a new report from ResearchAndMarkets.com. The market, which surged from $454.41 billion in 2025, is being propelled by advanced technologies such as blockchain, remote sensing, and digital ledgers that enhance credit integrity and scalability. The report segments the market into compliance and voluntary structures, avoidance and removal credit types, and project categories spanning energy efficiency, forestry, renewable energy, and nature-based solutions. Regional dynamics vary, with the Americas leveraging regulatory support, EMEA showcasing mature trading systems, and Asia-Pacific advancing through industrial shifts and cross-border collaboration. Recent U.S. tariffs on carbon-heavy imports are affecting project costs and procurement strategies, though new tax benefits and grants are being considered to mitigate fiscal pressures.

The global carbon credit trading platform market is projected to grow from $244.74 million in 2026 to $894.33 million by 2032, at a compound annual growth rate of 23.62%. The market expanded from $202.61 million in 2025 to $244.74 million in 2026. Growth is driven by stringent regulations, corporate sustainability commitments, and technology solutions enhancing credit integrity. The report covers compliance and voluntary schemes, project types including forestry and renewables, end-user industries, transaction types, buyer profiles, platform options, and regions such as the Americas, Europe, Middle East, Africa, and Asia-Pacific. Key companies profiled include 3Degrees Group, AirCarbon Exchange, CME Group, Intercontinental Exchange, Nasdaq, and S&P Global.

Tencent Holdings has signed a 10-year agreement to buy 300,000 carbon removal credits from Singapore-based carbon developer Thryve.Earth, marking Tencent's first carbon removal credit deal outside China. The credits will come from an agroforestry project on Sulawesi in Indonesia, where degraded land is expected to be restored through a mixed crop farming system that sequesters carbon, improves soil quality, increases biodiversity, and provides income for local farmers. Tencent said carbon removal will play an important role in its goal to reach carbon neutrality across its own operations and supply chain by 2030, while emphasizing that reducing emissions remains its main priority. Alphabet, the parent company of Google, has also entered a separate 10-year offtake agreement for 260,000 credits from the same Sulawesi project, while McKinsey & Co. agreed to buy 75,000 credits. For Google, the agreement represents its largest carbon removal offtake deal to date and follows its participation in a new $915 million commitment for carbon dioxide removal technologies.

Amazon.com Inc. will purchase 1.95 million carbon credits from a project restoring degraded land in South Africa's Eastern Cape province by planting Spekboom, a succulent plant that sequesters carbon dioxide. The credits, representing just under half of the project's total generation, will be bought at a fixed price over more than a decade and resold through Amazon's Sustainability Exchange to its business units, suppliers, and other companies with net zero targets for 2050 or before. The commitment helped the World Bank secure investor support for a $120 million bond, with part of the proceeds going to Imperative, the company running the initiative. The project spans 50,000 hectares and is expected to create 11,000 jobs by planting 180 million shrubs by the end of 2028. Amazon has also purchased credits from reforestation projects in Ghana and Ivory Coast and from initiatives reducing refrigerant and methane emissions.

Intercontinental Exchange launched ICE GreenTrace, an environmental registry service for carbon markets. The platform supports the full lifecycle of carbon credits and energy certificates using the same technology that powers ICE's global financial markets. Launch partner Environmental Resources Trust migrated its ACR and ART programs to the new platform, moving over 437 million serialized credits and 40,000 files. The service aims to scale carbon credits into an institutional asset class by providing secure, regulatory-compliant infrastructure.

BKV Corporation announced the successful start-up of its Eagle Ford carbon capture and sequestration facility in South Texas, marking the first new operational CCS facility under its joint venture with Copenhagen Infrastructure Partners since the inclusion of Barnett Zero. The Eagle Ford facility will sequester approximately 90,000 metric tons of CO2 annually, capturing emissions from a natural gas processing plant handling Eagle Ford Shale production. Together with the previously commissioned Cotton Cove facility in the Fort Worth Basin, which is expected to average about 32,000 metric tons of CO2 sequestration per year, the two new facilities will sequester over 120,000 metric tons of CO2 annually. With Barnett Zero already in operation, BKV now runs three commercial CCS facilities across Texas and is progressing additional projects toward its goal of a 1.5 million metric ton annual CO2 injection rate by 2028.

Deep Sky and Isometric announced that carbon captured and permanently removed from the atmosphere by Deep Sky Alpha in Innisfail, Alberta has been independently reviewed and registered as the first certified direct air capture carbon removal credits in North America. The credits, certified under Isometric's Direct Air Capture Protocol and carrying the Core Carbon Principles label, will be delivered to Microsoft and Royal Bank of Canada. Deep Sky Alpha achieved this milestone within 18 months of beginning construction, marking the first time a DAC project in North America has generated verified credits. The credits represent the beginning of Deep Sky's supply to Microsoft and RBC under their carbon removal agreement through 2034.

Aircapture has been selected as one of 16 winners of Tencent's CarbonX 2.0 award for its patented microwave-based direct air capture technology. The company's Lightswing process uses targeted microwave energy to release captured carbon dioxide from its sorbent material, significantly reducing both operational and capital costs per tonne captured compared to conventional thermal regeneration methods. As part of the award, Aircapture will receive a share of nearly $30 million committed across all winners and will develop a 100-tonne-per-year pilot facility in Kenya's Rift Valley, where basalt geology enables permanent underground CO₂ sequestration. The Kenya pilot will scale Lightswing to a 100-bed commercial system, generating real-world performance data alongside three other CarbonX winners deploying different DAC approaches at the same shared hub.

Tencent has announced 16 winners of its CarbonX 2.0 global climate initiative, who will share nearly US$30 million in catalytic funding. The winners were selected from 660 applications across 54 countries and regions, with ten teams spanning carbon dioxide removal, carbon capture for steel, carbon utilization, and long-duration energy storage, while six others receive tailored support including measurement and verification and carbon-credit procurement. The announcement was made at the London Science Museum during London Climate Action Week 2026. Tencent also reported progress on its own 2030 climate goals, with renewable energy use at self-owned data centers rising from 49.8% in 2024 to 83% in 2025, and Scope 1 and 2 emissions reduced by nearly 2.4 million tonnes of CO2 equivalent in 2025.

Gevo announced an expanded focus on the $12 billion carbon removal market and launched a new digital platform, gevocarbon.com, to broaden access to its carbon credits. The company recently ranked among the top five suppliers of carbon removal credits by delivery volume, according to CDR.fyi, and has set records for credits issued. Gevo's carbon removal sales in the first half of 2026 have already surpassed 2025 totals, with over 580,000 tonnes of carbon stored in four years from its operational bioenergy with carbon capture and storage project in North Dakota. Chief Carbon Officer Alex Clayton said the carbon business could exceed $30 million from existing operations as demand grows, and the company is positioning carbon as a core growth engine. The announcement coincides with Climate Week London, where Gevo will participate in a roundtable on carbon removal industry standards.

Intercontinental Exchange has launched ICE GreenTrace, an environmental registry technology service that brings financial market infrastructure to carbon credit registries for the first time. Launch partner Environmental Resources Trust migrated its leading carbon crediting programs ACR and ART to the new platform, transferring approximately 437 million serialized credits and over 40,000 documents from 1,162 projects to 857 registry account holders. ICE GreenTrace supports the full life cycle of environmental instruments including carbon credits, emission allowances, and energy attribute certificates. The migration marks a landmark moment for carbon markets, positioning ACR and ART to meet institutional investor demands on the same technology stack that powers globally systemic financial infrastructure.

Burckhardt Compression has secured a milestone order to supply compression solutions for the first industrial-scale liquefied carbon dioxide carrier, deployed in the Northern Lights carbon capture and storage project. The order marks an important step in scaling carbon capture and storage from pilot applications to industrial use. The vessel represents a new industrial size and level of standardization for this emerging segment, supporting the build-out of CCS infrastructure and the connection of multiple emitters to centralized storage hubs. Burckhardt Compression's K-Laby compressors were chosen for their high operational flexibility, superior energy efficiency, and robust design, drawing on decades of experience in liquefied gas applications. Northern Lights is the world's first operational cross-border CO₂ transport and storage project, having entered operation in 2025 and now expanding capacity in response to growing demand from European industry.

Stripe, Alphabet, Anthropic, and Salesforce are committing $915 million to carbon dioxide removal technologies through Frontier, the buyer coalition created to help early-stage climate startups scale. Frontier launched in 2022 with $925 million in backing and pools capital to buy future carbon removals from companies developing durable solutions. The new fund will be more concentrated than its first commitment, focusing on 10 to 15 companies after previously backing more than 20 through offtake agreements. Companies seeking support will need to show a path to government subsidies or other public backing, as Frontier looks for startups that could become more scalable, affordable, and efficient. The timing matters for investors because Microsoft, described as the world's biggest investor in carbon removals, may be scaling back its activity, raising questions about whether corporate demand can keep pace even as climate scientists say the world may need to remove billions of tons of CO2 annually.

GE Vernova released its 2025 Sustainability Report, detailing progress in electrification, decarbonization, and breakthrough technologies. The company brought 26 gigawatts of new generating capacity online in 2025, with 47% deployed in developing and emerging economies, and the carbon intensity of that new capacity was approximately 31% below the global grid average. Scope 1 and 2 operational emissions fell 64% since 2019, while product coverage under the 4R circularity framework rose to 53% from 38% in 2024. The report also highlights step-change advancements in small modular reactors, carbon capture and storage, direct air capture, and hydrogen and ammonia as fuels, including the start of construction on the first commercial SMR in the Western world at Ontario Power Generation's Darlington site. Additionally, GE Vernova launched an Electrification Impact Tracker to visualize its global impact and hosted the first-of-its-kind Mendoza Collective Action Summit to accelerate energy access.