Weekly Carbon Elimination Updates from 29 July – 04 August 2024 | CDR | CO2 Elimination

Weekly Carbon Elimination Updates from 29 July – 04 August 2024 | CDR | CO2 Elimination

𝐖𝐞𝐞𝐤𝐥𝐲 𝐂𝐃𝐑 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬
Here’s your round-up of top Carbon Dioxide Removal News / Developments, Reports & Scientific Papers from this week (𝟮𝟵 𝗝𝘂𝗹𝘆 – 𝟬𝟰 𝗔𝘂𝗴𝘂𝘀𝘁 𝟮𝟬𝟮𝟰):

Graphyte raised $30 million to scale carbon removal solution.
https://tinyurl.com/cebnr7ju

Applied Carbon rakes in $21.5m Series A to sequester carbon at scale via biochar.
https://tinyurl.com/yk6rfs9b3

Degrees facilitated over 80,000 metric ton carbon removal purchase for Microsoft from Western Rivers Conservancy’s Blue Creek forest project.
https://tinyurl.com/3wsdmudp

CarbonBlue received a $1.5M grant from the Israel Innovation Authority for their Direct Water Capture technology.
https://tinyurl.com/ypcce6cp

Planeteers has raised a significant single-digit million euro amount in a seed funding round to expand its technology for marine carbon dioxide removal based on advanced ocean alkalinity enhancement.
https://tinyurl.com/c82b99tw

ClimateVault awarded its first CDR Innovation Award to Carbon Lockdown and Octavia Carbon for their projects with a combined potential to remove 15,000 metric tons of CO2 from the atmosphere.
https://tinyurl.com/bddjttbm

Mangrove System partnered with Carbon Capture Soctland to deploy the world’s first digital MRV system for biogenic carbon removal.
https://tinyurl.com/3rejprp4

SLB and Aker Carbon Capture joint venture awarded FEED contract by CO280 for large-scale carbon removal project with an aims to remove 800,000 tonnes of carbon emissions at a pulp and paper mill on the U.S. Gulf Coast.
https://tinyurl.com/5de37uw3

Greenlyte Carbon Technologies (GCT) has chosen Brusche Process Technology as their partner for the engineering, procurement and construction of their Direct Air Capture demo plant, part of the DAC(H)-2-SNG project.
https://tinyurl.com/ynyckmts

Concordium partnered with Upwood.io. It is an upcoming Latvia-based investment platform specializing in the tokenization of real-world forests, carbon credits & carbon removal projects in the European Union.
https://tinyurl.com/3rdxv37x

Spark Climate Solutions announced four awards supporting exploration of two new biological methane removal approaches & atmospheric chemistry research.
https://tinyurl.com/rfe64p38

China has entered the DAC ecosystem with the rollout of CarbonBox, a 600tCO2/yr pilot. The facility comprises six 100tCO2/yr modules and has been developed by Shanghai Jiao Tong University and China Energy Engineering Corporation.
https://tinyurl.com/yc6d84y9

4.8M tonnes of CDR transaction volume was recorded in 2024 Q2 (the highest quarterly figure to date), with Microsoft accounting for 91% of total transactions. The market is also up 18% in 2024 H1 compared to the full-year 2023, according to cdr.fyi.
https://tinyurl.com/4bn28b3k

The largest share of carbon dioxide removal in 2075 will be provided by Bioenergy Carbon Capture and Storage (BECCS), followed closely by forest-based CDR, as per a survey conducted by the Institute for Policy Integrity involving 699 researchers.
https://tinyurl.com/ycyvb7ay

Scientists discover an entirely new wood type that could be highly efficient at carbon sequestration & storage. A Tulip tree common in gardens for its pretty flowers and foliage has been harbouring a secret this entire time.
https://tinyurl.com/3f36urrw

Research conducted by Ocean Science & Technology looked at how much ‘oceanic blue carbon’ individual types of marine animals can absorb and store. Collectively, seals, sharks, turtles and otters have been found to trap 11.5million tonnes of CO2/yr.
https://tinyurl.com/nw6jmdza

For more details, visit Carbon Removal Updates Substack Newsletter:
carbonremovalupdates.substack.com

#carbondioxideremoval #carbonmanagement #carbonremoval #carbonsequestration #carbonstorage #biochar #directaircapture
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