San Francisco ,
United States of America
Project Highlights:
- Charm, an engineered carbon removal leader, publishes a comprehensive life cycle analysis, prioritizing transparency in its processes.
- Operating near biomass sources minimizes costs, enabling carbon removal as the primary revenue source.
- Co-benefits include community support, job creation, reduced wildfire risk, and future plans for safely abandoning orphaned oil wells.
- Scaling ambitions involve decarbonizing iron-making, a sector responsible for 6% of global emissions, using bio-oil to replace coal and sequestering CO2 waste for permanent carbon removals.
Project Description:
Charm stands out as the first engineered carbon removal company committed to transparency, publishing its entire life cycle analysis on www.charmindustrial.com/registry. The unique process operates in close proximity to biomass sources, strategically minimizing costs and establishing carbon removal as the primary revenue stream.
This approach ensures scalability without the risks associated with carbon-free energy inputs, biomass transport costs, or alternative monetization pathways. Charm's commitment extends to supporting agricultural and oil/gas communities, offering investment opportunities and job creation. Additionally, the company contributes to reducing wildfire risks and envisions a future role in safely abandoning orphaned oil wells.
Looking ahead, Charm targets a significant impact on global emissions by addressing the iron-making industry, responsible for 6% of total emissions, surpassing even aviation. The innovative strategy involves substituting bio-oil for coal in the iron-making process and sequestering the resulting CO2 waste stream. This not only offers a sustainable alternative but also provides a pathway for achieving permanent carbon removals and the production of fossil-free iron.
Please note: there is a $1,000,000 minimum purchase amount for v2017 credits