What Charm Industrial does

Charm Industrial is a San Francisco-based carbon removal technology company founded in 2017 that converts cellulosic biomass (agricultural residues such as corn stover and forest thinnings from wildfire mitigation) into carbon-rich bio-oil via fast pyrolysis, then injects that bio-oil into EPA-regulated underground injection wells for permanent geological sequestration. The bio-oil is denser than formation brine and solidifies in place, providing stronger permanence guarantees than CO2-based Class VI injection. Charm co-produces biochar as a soil amendment through the same process, marketed under a "Charm Duo" co-production model, and is the only CDR provider with Core Carbon Principles-verified credits under two separate protocols (bio-oil geological storage and biochar) via verification partner Isometric.

Charm sells verified carbon dioxide removal (CDR) credits to enterprise buyers under multi-year offtake agreements, with contracted volumes exceeding 244,000 tonnes across customers including JPMorganChase, Boeing, TD Bank, Google, Capgemini, Microsoft, Stripe, and Shopify. Deal sizes range from 16,500 tonnes (Capgemini) to 100,000 tonnes (Boeing, Google) with multi-year delivery schedules, and pricing is negotiated confidentially. The company operates a proprietary Measurement, Reporting, and Verification (MRV) infrastructure called Ledger, supplemented by Agent350, an AI-powered auditor that reviews injection data nightly and flags anomalies. Charm has filed a patent on a bio-oil modification process and has been recognized with a CarbonPlan "best-in-class" rating across permanence, negativity, and additionality dimensions.

The company's go-to-market is direct enterprise field sales supported by procurement aggregators such as Frontier Climate's $1 billion advance market commitment. Operations are distributed across four U.S. states (California, Colorado, Kansas, Louisiana), with the Louisiana site repurposing an orphaned oil and gas well for bio-oil injection, unlocking 500,000+ tonnes of storage capacity, and a Colorado "Miniforge" handling biomass R&D and forward-deployed testing. Charm has raised over $120 million in total capital, including a $100 million Series B round in June 2023 led by General Catalyst with Sequoia Capital, Breakthrough Energy Ventures, Lowercarbon Capital, Thrive Capital, and others, plus a $20 million venture debt facility from JPMorganChase announced in June 2026 to expand Colorado operations and wildfire fuel processing.

Name

Charm Industrial

Legal name

Charm Industrial, Inc.

Website

https://charmindustrial.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

Charm Industrial converts agricultural and forestry biomass into bio-oil via fast pyrolysis and injects it underground for permanent carbon sequestration. It sells verified carbon removal credits to enterprise buyers including JPMorganChase, Boeing, Google, TD Bank, Microsoft, and Stripe via multi-year offtake agreements.

Ownership category

akta.pro rank

Product category

Carbon Removal Technology

NAICS

Fertilizer and Compost Manufacturing (32531)

SIC

Industrial Organic Chemicals (2860)

akta.pro primary industry

Bio-oil & Biomass Burial / Geologic Biomass Storage (EUABAFAJ)

akta.pro secondary industries

Biochar Production & Soil/Material Applications (EUABAFAC), Carbon Removal Credits Trading (DAC, BECCS, Biochar, Mineralization) (EUAGAIAL), Bio-based Carbon Products & Advanced Bioproducts (Biochar, activated carbon, carbon black alternatives) (EUAAAIAM), Carbon Accounting, MRV & Certification for BECCS (LCA, Biogenic Carbon, Registries) (EUAAALAI), Biochar, Activated Carbon & Soil Amendments (from forest biomass) (IMAMALAH)

Keywords

• Bio-oil sequestration
• Carbon removal credits
• Fast pyrolysis technology
• Geological carbon storage
• Biomass-to-biochar conversion

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Carbon Removal Credit Sales: Charm generates primary revenue through the sale of permanent carbon dioxide removal credits (CDR credits) generated by converting biomass to bio-oil and permanently sequestering carbon underground. Customers purchase offtake agreements committing to buy specified tonnes of carbon removal over multi-year periods. Pricing is negotiated through enterprise sales agreements and is not publicly disclosed. Major customers include JPMorganChase (90,000 tonnes total), Boeing (100,000 tonnes), TD Bank (44,000 tonnes), Google, Capgemini (16,500 tonnes), Stripe, Shopify, Microsoft, and others.
2. Venture Debt Financing: Charm receives venture debt financing from financial institutions to support operational scaling and capital expenditure requirements. JPMorganChase provided a $20 million venture debt facility in June 2026 to expand Colorado operations and pyrolysis/injection facilities. This financing supports growth capital needs while the company scales carbon removal capacity.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Charm Industrial converts cellulosic biomass (agricultural residues like corn stover and forest thinnings from wildfire mitigation) into carbon-rich bio-oil via fast pyrolysis at approximately 500°C without oxygen. The bio-oil is injected into EPA-regulated underground injection wells where it sinks and polymerizes into a solid for permanent geological carbon sequestration; biochar co-produced in the process is applied to soils for long-duration carbon storage. The company sells verified carbon removal credits (CDR credits) to enterprise and government buyers through multi-year offtake agreements.

Product overview

Charm Industrial operates as a carbon removal technology company offering two co-produced pathways through its 'Charm Duo' approach: Charm Bio-oil for permanent geological sequestration via underground injection into EPA-regulated wells, and Charm Biochar for long-term soil carbon storage. The company collects agricultural residues (corn stover) and forest thinnings from wildfire mitigation, converts them to carbon-rich bio-oil through fast pyrolysis, and either injects the bio-oil underground where it solidifies for geological permanence, or applies biochar to farm fields. Charm sells verified carbon removal credits to corporate buyers under long-term offtake agreements and has delivered removals to customers including Stripe, Shopify, JPMorgan Chase, Microsoft, Boeing, TD Bank, and Google.

Differentiator

Problem solved

Functional benefit

Brands

• Charm Bio-oil: Carbon removal via bio-oil injection into underground geological formations. Bio-oil is produced through fast pyrolysis of biomass and permanently sequestered underground.
• Charm Biochar

Products and services

• Charm Bio-oil Carbon Removal Permanent carbon dioxide removal service that produces carbon-rich bio-oil via fast pyrolysis of cellulosic biomass (agricultural residues, forest thinnings) and injects it into EPA-regulated underground wells where it sinks and polymerizes into a solid for geological-timescale storage. Sold as CDR credits to enterprise buyers.
• Charm Biochar Carbon Removal Carbon removal pathway co-produced with Charm Bio-oil through fast pyrolysis, producing biochar applied to agricultural fields to remove carbon for hundreds of years. Verified under Core Carbon Principles by Isometric.
• The Charm Duo Co-production offering combining Charm Bio-oil (geological sequestration) and Charm Biochar (soil application) from the same fast pyrolysis process, marketed as the highest quality and most cost-effective paths to removing atmospheric carbon sold by Charm.
• Verified Carbon Removal Credits (CDR Credits) Verified carbon dioxide removal credits generated through bio-oil geological sequestration and biochar application, sold to corporate and government buyers under long-term offtake agreements. Charm is the only CDR provider with verified credits under two different Core Carbon Principles-labeled protocols, verified by Isometric.

Quantifiable outcome

• 0.85 tonnes CO2e net removal per tonne of biomass processed
• +4 more outcomes

Named customers8 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature7 records

Partnerships

Three partnerships are on record, tiered strategic and core.

• Mangrove SystemsstrategicTechnology or Integration · 1 January 2024Charm partnered with Mangrove Systems to power carbon removal MRV (Measurement, Reporting, and Verification) infrastructure. Mangrove provides technology to scale Charm's verification operations and ensure rigorous carbon removal documentation.
• Frontier ClimatecoreGTM or Marketing PartnerFrontier Climate is a $1 billion advance market commitment that facilitates corporate CDR purchases. Charm's $53 million offtake agreement (signed 2023) and Google offtake were facilitated through Frontier. Frontier aggregates demand from multiple enterprise buyers and signs agreements with CDR producers.
• IsometricstrategicTechnology or IntegrationIsometric is Charm's verification partner for carbon removal credits. Charm became the first and only CDR provider to receive verified credits under two different Core Carbon Principles (CCP)-labeled protocols from Isometric. Isometric also authored the full protocol for bio-oil geological storage.

Scale indicators8 records

Recent moves7 records

Expansion highlights9 records

Direct peers

• Graphyte: Graphyte is a biomass-based carbon removal company using 'carbon casting' technology that stores CO2 in solid form, conceptually similar to Charm's bio-oil storage approach. Both companies convert biomass into durable carbon products for permanent storage, target enterprise voluntary markets, and operate at relatively early commercial scale.
• Climeworks: Climeworks is a leading direct air capture (DAC) carbon removal company that sells durable CDR credits to enterprise buyers (including Microsoft, Shopify, and Stripe—several of which overlap with Charm's customer base). Both companies compete in the voluntary durable CDR market targeting the same Fortune 500 sustainability budgets, though Climeworks uses DAC+solid sorbent technology while Charm uses biomass pyrolysis.
• Ebb Carbon: Ebb Carbon is an ocean-based carbon removal company using electrochemical ocean alkalinity enhancement to durably store CO2. It is part of the same Frontier Climate-backed durable CDR portfolio as Charm and competes for similar enterprise offtake commitments from companies like Stripe, Shopify, and Microsoft.
• CarbonCapture Inc. CarbonCapture Inc. develops direct air capture technology targeting gigatonne scale, with strong enterprise customer relationships. As a direct competitor in the durable CDR market, it overlaps with Charm in selling verified removal credits to corporate buyers, and has raised comparable capital ($400M+) from major strategic investors.
• Heirloom Carbon: Heirloom Carbon is a DAC carbon removal company using limestone-based technology to capture CO2, with similar enterprise sales motion and comparable customer profiles (Microsoft, Stripe, Shopify). Both companies focus on durable, geologically stored CDR and compete for the same corporate offtake dollars, with Heirloom having raised over $300M at a $1B+ valuation.

Emerging players

• CarbonOrO: CarbonOrO is a BECCS (Bioenergy with Carbon Capture and Storage) carbon removal company focused on biochar and pyrolysis pathways. Its technology focus on biomass-derived durable carbon storage overlaps with Charm's bio-oil and biochar 'Charm Duo' approach, making it an emerging peer in the biomass-based CDR category.
• CarbonCure (CarbonCure Technologies): CarbonCure Technologies injects captured CO2 into concrete for permanent mineral carbonation, representing an alternative permanent sequestration pathway. While not directly competing in biomass CDR, it competes with Charm for the same corporate sustainability budgets targeting durable, science-based removals at industrial scale.

Others

• Carbonfuture: Carbonfuture is a registry and MRV infrastructure provider for biochar and nature-based carbon removals, with overlapping methodology and customer ecosystem with Charm. It enables certification and credit issuance for biomass-based removals, making it a complementary infrastructure peer rather than a direct competitor.

Regional players

• Wakefield Biochar: Wakefield Biochar is a leading commercial biochar producer using biomass pyrolysis, with similar feedstock (forest residues) and end-product (biochar soil amendment) as Charm's biochar pathway. It is a direct peer in the biochar value stream of Charm's 'Charm Duo' offering, with a regional focus on the U.S. Southeast.

Broad incumbents

• 1PointFive (formerly Carbon Engineering): 1PointFive is Occidental's DAC subsidiary, scaled via the Stratos plant in Texas—the largest DAC facility in the world. It competes with Charm for large-volume corporate carbon removal contracts and represents a well-capitalized incumbent pursuing industrial-scale CDR deployment with a broader portfolio approach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/charmindustrial
• YouTubeyoutube.com/@charmindustrial
• LinkedInlinkedin.com/company/charm-industrial
• Instagraminstagram.com/charmindustrial
• Facebookfacebook.com/CharmIndustrial

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds5 records

Investors12 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Charm Industrial