Technology solutions company Capgemini has signed two new carbon dioxide removal (CDR) agreements, one with direct air capture (DAC) trailblazer Climeworks and a second one with bio-oil carbon removal provider Charm Industrial.
The details on the agreements state that the partnership with Charm Industrial includes the removal of 16,500 tonnes of CO2, while the deal with Climeworks will see the DAC company remove 13,000 tonnes of atmospheric carbon dioxide.
For Charm Industrial, this investment will enable an advancement of operations, as the company intends to leverage this financial boost to scale up its production facility in Colorado and embark on new partnerships that will help with wildfire risk mitigation.
In a publication, Charm Industrial shared,
“Charm is building a mobile, mass-manufacturable fleet of pyrolyzers to scale up durable carbon removal. That vision depends on forward-looking customers willing to commit not just for today, but for the next decade. Capgemini gets that. They’re not just buying 16,500 tons of removal—they’re investing in the infrastructure of climate stability.”
This announcement comes in the same week as Climeworks’ achievement of a 50% energy consumption reduction with its Gen 3 DAC system, a milestone that opens a new, more efficient, and less demanding chapter for this decarbonization technology.
As reported by CDR.fyi, these two agreements are the first durable carbon removal deals for Capgemini registered to date on the CDR.fyi platform.
Headquartered in Paris, France, Capgemini is an information technology services and consulting company with a multinational presence.
Relevant: Climeworks Achieves 50% Energy Reduction With Its Gen 3 DAC Tech
Back in 2016, the company was one of the first firms to have its net-zero goals validated by the Science Based Targets initiative (SBTi).
Through the deals with Charm Industrial and Climeworks, Capgemini is fortifying its strategy for reaching net-zero by 2040 and working towards its commitment of neutralizing 10% of its final residual emissions through high-quality CDR.
Besides these direct air capture and bio-oil sequestration deals, Capgemini has also signed agreements to invest in nature-based solutions via other carbon removal approaches, including reforestation and regenerative agriculture.
Read more: Rubicon Carbon & Microsoft Ink A Deal For An Eye-Catching 18M Tonnes Of CDR
