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Partnerships
Charm Industrial extends partnership with Klimate.co to scale carbon removal initiatives
Carbon Capture, Utilization & Storage (CCUS)
Apr 12, 2024
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Carbon Capture, Utilization & Storage (CCUS)

Carbon Capture, Utilization & Storage (CCUS)

Apr 12, 2024

Charm Industrial extends partnership with Klimate.co to scale carbon removal initiatives

Partnerships

  • Charm Industrial, a carbon removal and sequestration startup, and Klimate.co, a Danish company that manages carbon removal portfolios, have expanded their partnership and signed a USD 1.1 million offtake agreement for carbon removal credits.

  • Under the agreement, Charm Industrial will deliver nearly 1,900 tons of carbon dioxide removal (CDR) credits to Klimate.co’s customers. 

  • Analyst QuickTake : The collaboration between Charm Industrial and Klimate.co began in 2021, focusing on delivering permanent carbon removal credits. As of April 2024, Charm Industrial delivered over 6,200 tons of CO2 removal, independently and with major clients such as Microsoft, Stripe, and Shopify. In June 2023 , the company also secured USD 100 million in a Series B funding round led by General Catalyst. 

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