Boeing Partners with Charm Industrial to Remove Carbon Emissions
Boeing has recently announced a groundbreaking deal with startup Charm Industrial aimed at removing 100,000 metric tons of carbon from the atmosphere. This innovative partnership signifies a significant step towards reducing carbon emissions in the aviation industry.
Charm Industrial specializes in collecting agricultural and forestry waste, which is then converted into “bio-oil” through a heat-intensive process. This bio-oil, a mixture of hydrocarbons, is subsequently injected underground, including into former oil wells, for sequestration. The captured carbon can then be sold as carbon removal credits to various companies, marking a sustainable solution to offset carbon emissions.
The aviation sector has been facing challenges in reducing its carbon footprint, prompting companies like Boeing to explore alternative solutions. Carbon removal has emerged as a promising option, offering a potentially cost-effective approach compared to transitioning to sustainable aviation fuels.
According to a recent study, the aviation industry may need to invest over $60 billion in carbon offsets by 2050 to achieve net-zero emissions. Charm Industrial’s ability to produce biochar, a substance that enhances soil productivity when applied to farm fields, further highlights the company’s commitment to sustainable practices.
While financial details of the Boeing-Charm Industrial partnership remain undisclosed, Charm has previously sold carbon removal credits to Frontier for $53 million. The goal is to decrease the cost per metric ton of carbon removal to around $50, showcasing Charm’s dedication to making carbon sequestration more accessible and affordable.
