Charm Industrial Inks CO2 Removal Deal with TD Bank

Charm Industrial inks CO2 removal deal with TD Bank

The deal will expand the startup’s operations to Canada and provide the bank with 44,000 metric tons of biochar and bio-oil removal credits over 10 years, beginning in 2029.

TD Bank Inks Major Carbon Removal Deal with Charm Industrial

Charm Industrial, a climate solutions provider, has struck a significant carbon offtake removal deal with TD Bank, marking a notable development in the carbon removal market. The Canada-based financial services firm has agreed to purchase 44,000 tonnes of carbon removal over a decade, commencing in 2029. This deal underscores the growing commitment of financial institutions to invest in… Source

TD Bank Purchases 44,000 Tonnes of Carbon Removal from Charm Industrial

Climate solutions provider Charm Industrial announced a new carbon offtake removal deal with TD Bank, with the Canada-based financial services firm purchasing 44,000 tonnes of carbon removal over 10 years, starting in 2029. California-based Charm began operations in 2021, and has focused primarily on bio-oil production and sequestration, using plants to capture CO2 from the atmosphere, collecting agricultural residue from harvests or forest fire…