Sucking up CO2Pumping oil back into the ground.
Big Picture
Every year the world produces over 100 gigatons of biomass waste in the form of sawdust, nutshells, corn stover, and other agricultural byproducts. Managing this waste can be expensive, so much of it is burned or left to rot, releasing greenhouse gases into the atmosphere. Capturing the carbon content from just a fraction of this waste could remove billions of tons of CO₂ from the atmosphere.
How it Works
Charm converts waste biomass into bio-oil through fast pyrolysis. That means heating things like plant waste up to 500ºC for a few seconds in an oxygen-free chamber. The resulting bio-oil, a viscous liquid that’s a little bit like regular oil but much less useful as a fuel. Therefore, Charm injects their bio-oil in underground wells for permanent carbon removal. In the future, Charm’s bio-oil could become a key ingredient in zero-carbon steel.
Unfair Advantage
What sets Charm apart is the focus on bio-oil production rather than seeking to produce a pure stream of CO₂. This enables the conversion of cheap inputs like agricultural waste into a carbon-rich substance that can be stored deep underground, leveraging the extensive infrastructure for transporting and storing oil. This will allow Charm to rapidly scale its capacity to deliver top-quality carbon removal.
1.4
Tons of CO₂e
removed per ton of bio-oil
PETER REINHARDT CEO & CO-FOUNDER
Before Charm, Peter was the CEO and co-founder of Segment, the world’s leading customer data platform, which he led to a $3b acquisition.
KATIE FLANNERY HOLLIGAN HEAD OF OPERATIONS
A chemical engineer by training, Katie was previously a senior operations engineer and oversaw drilling operations for Chevron.
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