Elimini

What Elimini does

Elimini is a US-based carbon removal company founded in September 2024 as a wholly owned, independently operated subsidiary of UK-listed Drax Group, headquartered in Houston, Texas. The company deploys Bioenergy with Carbon Capture and Storage (BECCS) technology — transforming sustainably sourced biomass (low-grade wood and forestry residues) into renewable electricity while capturing and permanently storing biogenic CO2 in underground geological formations. Elimini's core product portfolio consists of BECCS-generated carbon dioxide removal (CDR) credits and 24/7 dispatchable renewable electricity. The company is developing its first US greenfield BECCS project (300 MW, planned to capture 3 million tonnes of CO2 and generate 2 TWh of electricity annually) and, through a joint development agreement with HOFOR signed in July 2025, is advancing a large-scale BECCS facility at the Amagerværket combined heat and power plant in Copenhagen, Denmark.

Elimini's revenue model has three reinforcing streams: CDR credit sales to corporate buyers in the voluntary carbon market through bilateral offtake agreements and brokerage partnerships, renewable power sales via power purchase agreements (PPAs) and grid sales, and US Section 45Q tax credits ($85 per tonne of CO2 permanently sequestered). It targets enterprise customers in hard-to-abate sectors including technology companies operating AI and data center workloads, aviation, insurance, and heavy industry. The company has secured biomass supply option agreements with Manulife Investment Management and Molpus Woodlands in the US Southeast, knowledge collaborations with the University of Texas, University of Houston, and Stephen F. Austin State University, and uses an independently verified climate impact methodology co-developed with Drax and Stockholm Exergi. At launch, Elimini had 11 CDR offtake agreements with eight companies totaling approximately 30,140 committed tonnes.

The company operates a vertically oriented go-to-market focused on enterprise field sales and direct offtake negotiations, supported by thought leadership in the voluntary carbon market via quarterly and annual VCM market intelligence reports, executive bylines, and participation in climate industry events such as Climate Week NYC and COP30. Customer acquisition is reinforced by an Advisory Council of climate, energy, and policy experts and by structured community engagement and forest landowner assistance programs designed to secure social license to operate for large infrastructure projects.

Name

Elimini

Legal name

Elimini

Website

https://elimini.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

51–100 employees

Short description

Elimini, a Houston-based wholly owned subsidiary of Drax Group, deploys BECCS technology to permanently remove CO2 while generating 24/7 renewable electricity, selling CDR credits and power to enterprise buyers in hard-to-abate sectors including technology, aviation, and insurance.

Ownership category

akta.pro rank

Product category

Carbon Removal Services

NAICS

Biomass Electric Power Generation (221117)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Biomass Carbon Removal & Storage (BECCS/Bioenergy with CO₂ Capture) (EUABAFAB)

akta.pro secondary industries

Carbon Removal Project Development, Financing & Offtake (Developers, Aggregators, Buyers Clubs) (EUABAFAL), Biomass Carbon Removal & Storage (BECCS/Biomass Burial) (EUABABAI), BECCS Project Development & Integration (Permitting, FEED, EPC Interface) (EUAAALAA), Carbon Removal Credits Trading (DAC, BECCS, Biochar, Mineralization) (EUAGAIAL), Carbon Accounting, MRV & Certification for BECCS (LCA, Biogenic Carbon, Registries) (EUAAALAI), Heat Integration & Energy Efficiency for Capture Retrofits (Steam Supply, Waste Heat Recovery, CHP Integration) (EUAAALAK)

Keywords

• Carbon dioxide removal
• Bioenergy carbon capture
• Renewable power generation
• Voluntary carbon market
• Engineered carbon removals

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Carbon Dioxide Removal (CDR) Credits Sales: Elimini's BECCS facilities permanently remove CO2 from the atmosphere and generate verified, high-quality CDR credits that organizations purchase to offset their carbon footprint. CDR sales represent one of three primary revenue streams for each facility. The voluntary carbon market for engineered removals is growing rapidly, with BECCS representing 74% of all-time engineered CDRs transacted as of Q2 2025. Elimini markets CDRs globally through offtake agreements and brokerage partnerships, including with HOFOR under a CDR marketing agreement for the Amagerværket project.
2. 24/7 Renewable Power Sales: BECCS generates reliable, renewable electricity around the clock. This power can be sold to the power grid, to individual organizations through power purchase agreements (PPAs), or a combination of both. Given the exponential rise in projected power demand in the US — particularly from data centers underpinning AI and other modern technologies — Elimini anticipates strong demand for its BECCS plants' power output. The Amagerværket facility in Copenhagen generates 670 GWh of renewable electricity annually and produces 9,900 TJ of heat for district heating.
3. US Federal Tax Credits (Section 45Q): Under Section 45Q of the US Inflation Reduction Act, Elimini's BECCS facilities receive $85 per tonne of CO2 permanently sequestered. The company believes these credits have bipartisan support, strengthen the US economy, and are vital to maintaining competitive advantage. It is possible that 45Q could be uplifted (e.g., adjusted for inflation) to help the US maintain its edge versus international competitors.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Elimini develops and operates Bioenergy with Carbon Capture and Storage (BECCS) facilities that permanently remove carbon dioxide from the atmosphere while generating 24/7 renewable electricity. The company sells verified Carbon Dioxide Removal (CDR) credits through bilateral offtake agreements with enterprise customers, and sells the renewable electricity generated by its facilities through Power Purchase Agreements (PPAs) with corporate buyers and to the power grid.

Product overview

Elimini is a carbon removal company deploying bioenergy with carbon capture and storage (BECCS) technology at scale. The company's core offering consists of BECCS facilities that permanently remove carbon from the atmosphere while generating 24/7 renewable power, producing high-quality CDR (Carbon Dioxide Removal) credits. Supporting programs include the Forest Landowner Assistance Program and Elimini Forest Stewardship Program, which integrate sustainable forestry into the BECCS value chain. Elimini operates as a wholly owned subsidiary of Drax Group and is headquartered in Houston, Texas.

Differentiator

Problem solved

Functional benefit

Products and services

• Carbon Dioxide Removal (CDR) Credits
• Renewable Electricity (24/7 BECCS Power)

Quantifiable outcome

• 3 Mt CO2 captured annually per 300 MW BECCS facility (equivalent to annual emissions of ~100 commercial airliners)
• +5 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

16 partnerships are on record, tiered core and flagship.

• HOFOR A/ScoreStrategic or Co-development Partner · 28 July 2025Elimini and HOFOR, Greater Copenhagen's public utility, signed a joint development agreement to explore development of a large-scale BECCS facility at the Amagerværket combined heat and power plant in Copenhagen, Denmark. The partnership covers development and potential Joint Venture to transform Unit 4 (AMV4) to capture CO2 and generate verified CDR credits plus renewable electricity and heat. Elimini leads commercialization of CDR credits under a CDR marketing agreement. The project aims to capture hundreds of thousands of tonnes of CO2 annually and is among 10 pre-qualified for the Danish Energy Agency's $4.2B CCS subsidy scheme.
• Sargent & LundycoreImplementation/ SI/ Consulting PartnerElimini selected Sargent & Lundy as the owner's engineer to support development of its first BECCS project in the United States. Full scale development is underway at the company's most advanced site for its first greenfield BECCS project.
• Manulife Investment ManagementcoreOthersManulife Investment Management signed an option agreement to provide sustainably sourced woody biomass to fuel Elimini's BECCS operations in the US Southeast, supporting the sustainable biomass supply chain.
• Molpus WoodlandscoreOthersMolpus Woodlands signed an option agreement to provide sustainably sourced woody biomass to fuel Elimini's BECCS operations in the US Southeast, supporting the sustainable biomass supply chain.
• UltrabulkflagshipOthersUltrabulk, a leading dry bulk operator providing maritime transportation, agreed to purchase 100 tonnes of carbon removals from Elimini's planned BECCS facilities. A foundational customer for Elimini at launch, representing early market validation.
• Karbon-XflagshipOthersKarbon-X, an environmental company empowering individuals to offset carbon footprints, agreed to purchase 25,000 tonnes of carbon removals over five years from Elimini's planned BECCS facilities. Karbon-X also has a brokerage agreement to resell CDR credits via the voluntary carbon market.
• C-Zero MarketsflagshipOthersC-Zero Markets, an expert in renewable energy markets and decarbonization, converted two previous MOUs for a collective 3,000 tonnes of carbon removals to firm offtakes with Elimini.
• ClimateTradeflagshipOthersClimateTrade, offering climate solutions for individuals and companies, agreed to purchase 10 tonnes of carbon removals from Elimini's planned BECCS facilities. Additionally, ClimateTrade has a brokerage agreement enabling resale of CDR credits purchased from Elimini via the voluntary carbon market.
• Holborn TradingflagshipOthersHolborn Trading, guiding global clients through financial aspects of green projects, agreed to purchase 30 tonnes of carbon removals from Elimini's planned BECCS facilities.
• NValueflagshipOthersNValue, offering tools and services for the transition to greener energy, agreed to purchase 2,000 tonnes of carbon removals from Elimini's planned BECCS facilities.
• ClearBlue MarketscoreOthersClearBlue Markets, helping companies engage with compliance and voluntary carbon markets worldwide, has a brokerage agreement enabling resale of CDR credits purchased from Elimini via the voluntary carbon market.
• University of TexascoreOthersElimini provides support for ongoing research on carbon capture, utilization, and storage (CCUS). The program is focused on overcoming technical obstacles to deploying CO2 capture by amine absorption/stripping from flue gas at sources like power plants.
• University of HoustoncoreOthersElimini supports the Carbon Management Center with its goal of researching and developing projects that advance all aspects of carbon management as it applies to the energy industry. The center develops roadmaps, addresses critical technology gaps, and offers short-term courses on carbon management with hands-on training.
• Stephen F. Austin State UniversitycoreOthersElimini supports the Arthur Temple College of Forestry and Agriculture, contributing funds to an endowment providing scholarships for undergraduate and graduate students with a preference for forestry and/or environmental science majors with an interest in BECCS-related science and sustainable biomass management.
• Mission InnovationcoreOthersElimini is a Silver Sponsor of the SMART CDR Competition, a first-of-its-kind global competition for university and college students. Elimini contributed $10,000 to help students travel to the in-person competition in Norway and participate in site visits to support learning and development.
• Advisory CouncilcoreStrategic or Co-development PartnerElimini established an Advisory Council comprised of experts from across the carbon removals value chain to shape the company's strategy and hold it true to its purpose and values. Members include David Hill (NYISO/Columbia), Miranda Ballentine (former Asst. Sec. of Air Force/CEBA), Dr. Melissa Lott (Columbia Climate School), Freddie Davis (Federation of Southern Cooperatives), and Rajiv S. Joshi (Bridging Ventures/Columbia Climate School).

Scale indicators9 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Vattenfall: Large European state-owned utility exploring BECCS and bio-CCS applications at its biomass and CHP plants (including discussions around Stockholm Exergi's project). Comparable as a large integrated utility integrating bioenergy with carbon capture, though Vattenfall's primary business is conventional power generation across hydro, nuclear, and wind.
• Carbon Engineering (Occidental): Direct Air Capture technology developer acquired by Occidental Petroleum and operating commercially as part of 1PointFive. Comparable as a DAC-based engineered CDR operator competing for corporate CDR budgets, with Occidental providing integrated upstream CO2 storage expertise complementary to capture.

Emerging players

• C-Zero: US-based company developing natural-gas decarbonization technology that converts natural gas into hydrogen and solid carbon, providing engineered CDR alongside hydrogen production. Comparable as an emerging carbon removal venture pursuing high-integrity, measurable CDR with industrial scaling ambitions similar to Elimini's BECCS.
• Infinium: US developer of low-carbon fuels and chemicals produced from captured CO2 (eFuels / electrofuels). Comparable as a CDR-adjacent carbon tech developer monetizing captured CO2 via fuels, with corporate decarbonization buyer focus and infrastructure-based project economics similar to BECCS.
• Heirloom Carbon Technologies: US-based DAC company using limestone-based mineralization to capture CO2 from the atmosphere. Comparable as a high-integrity engineered CDR seller focused on durable removal and corporate offtakes, competing for the same buyer budgets as BECCS though with different sourcing and process economics.
• Climeworks: Global leader in Direct Air Capture (DAC), headquartered in Switzerland. Comparable as a high-integrity engineered CDR developer selling durable removal credits to enterprise buyers, but uses a different (DAC + mineralization) technology stack that competes with BECCS for the same voluntary corporate CDR demand.
• Mission Zero Technologies: UK-based Direct Air Capture developer building modular, low-cost DAC systems. Comparable as an early-stage engineered CDR company with strong corporate off-take traction, competing for the same buyer budgets for high-durability CDR credits though using DAC rather than biomass combustion.
• 1PointFive (CarbonCapture Inc.): Build-out subsidiary of Occidental Petroleum operating the Stratos DAC facility in Texas — the world's largest DAC plant. Comparable as an engineered CDR developer with large pre-purchase commitments from major corporates (Microsoft, AT&T, etc.), competing for buyer CDR off-take against BECCS.

Direct peers

• Stockholm Exergi: Swedish district heating utility developing one of Europe's first large-scale BECCS projects in Stockholm, in partnership with Elimini on methodology development. Direct BECCS peer with similar technology stack, biomass-combustion + CO2 storage approach, and European utility co-development structure.
• Drax Group: Elimini's parent company and the operator of the first commercial-scale BECCS pilot in Europe (at Drax Power Station, UK). Drax is the closest comparable as the only other major operator actively monetizing both 24/7 renewable power AND permanent CDR credits from biomass combustion with CO2 capture.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/eliminicdr
• LinkedInlinkedin.com/company/elimini

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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 Elimini