Charm Industrial
Charm Industrial is a company specializing in carbon removal by converting biomass into bio-oil and storing it underground, offering a subscription service for continuous support and maintaining a transparent carbon ledger.
Carbon Removal Process
Charm Industrial utilizes a novel carbon removal process that converts biomass into bio-oil. This bio-oil is then injected underground for permanent CO2 removal. This method ensures that carbon dioxide is effectively sequestered, helping mitigate climate change impacts. By processing biomass into bio-oil, Charm Industrial offers an innovative approach to addressing carbon emissions sustainably.
Carbon Ledger Tracking
Charm Industrial operates a carbon ledger to transparently track and verify its carbon removal activities. This ledger ensures accountability and provides detailed data on the amount of CO2 permanently removed. By maintaining this level of transparency, Charm Industrial enhances trust and reliability among its clients and stakeholders regarding their carbon sequestration efforts.
Carbon Removal Subscription Service
Charm Industrial offers a subscription service for both businesses and consumers to support carbon removal on a recurring basis. This service allows participants to contribute regularly to carbon offset efforts, making it easier for them to reduce their carbon footprint over time. This model is attractive for organizations committed to sustainability, providing a consistent and manageable way to participate in environmental conservation.
Key Clients and Completion Milestones
As of 2021, Charm Industrial has completed over 5,000 tons of carbon removal for notable clients including Stripe, Shopify, and Microsoft. These partnerships underscore the effectiveness and credibility of Charm Industrial's carbon removal process. By collaborating with industry leaders, the company has demonstrated its capability and commitment to achieving significant environmental goals.
Mobile Pyrolysis Unit
Charm Industrial has developed a mobile pyrolysis unit designed to travel to agricultural sites to process biomass into bio-oil. This unit enables on-site biomass conversion, making the process efficient and reducing transportation emissions. By utilizing this mobile unit, Charm Industrial enhances the feasibility and reach of its carbon removal operations, particularly in rural and agricultural regions.
Community Benefits
Beyond carbon removal, Charm Industrial engages in community benefits such as improving soil health, providing economic opportunities in rural areas, and aiding in wildfire management. These initiatives demonstrate the company's commitment to fostering positive environmental and social impact. By addressing local needs and contributing to community resilience, Charm Industrial helps create sustainable ecosystems and viable economic prospects in the areas it serves.
Funding and Investments
Charm Industrial has received significant funding, including a $100 million Series B round and multiple contracts worth $53 million for carbon removal. This financial backing highlights investor confidence in Charm Industrial's technology and business model. The funding allows Charm Industrial to scale its operations, invest in research and development, and expand its impact in the carbon removal sector.