What NextGen CDR Facility does

NextGen CDR Facility is a Swiss-incorporated joint venture between South Pole and Mitsubishi Corporation that operates a global buyer club for permanent carbon dioxide removal (CDR) credits. The facility aggregates demand from corporate buyers committed to Net Zero targets and channels it into multi-year offtake agreements with project developers, providing the creditworthy revenue those developers need to secure capex financing for scaling. The portfolio spans five CDR technology categories — Biomass Carbon Removal and Storage (BiCRS), Direct Air Capture and Storage (DACS), Enhanced Weathering, High-temperature Biochar, and Product Mineralization — across projects in Europe, North America, Asia (India), and South America (Bolivia), with all purchases required to be ICROA-endorsed certified and to deliver 1000+ year durability.

The core technology layer is a diversified CDR portfolio with built-in digital Monitoring, Reporting, and Verification via Carbonfuture MRV+, ensuring independent third-party verification, real-time transparency on credit quality, and public registry retirement to prevent double-claiming. The pricing model targets an average of $200/tonne across the diversified portfolio, with operational scale requirements (e.g., 10Kt/year for BiCRS/DACS) gating portfolio entry. This positions NextGen as a market infrastructure intermediary rather than a project developer itself.

NextGen's go-to-market is enterprise-field-sales driven, leveraging the origination channels of South Pole and Mitsubishi Corporation to source best-in-class projects and recruit multinational corporate buyers. The buyer club currently includes Boston Consulting Group, LGT, Mitsui O.S.K. Lines, Swiss Re, UBS, and Mizuho Financial Group. Strategic partnerships with the World Economic Forum's First Movers Coalition, the Global Carbon Removal Partnership, XPRIZE, the CCS Plus Initiative, and Rethinking Removals position NextGen as a standards-building player in the voluntary carbon market. The company is registered as NextGen CDR AG in Switzerland, with a small team of 1-10 employees and projects mandated to be operational by end of 2025.

Name

NextGen CDR Facility

Legal name

NextGen CDR AG

Website

https://nextgencdr.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

NextGen CDR Facility is a Swiss joint venture between South Pole and Mitsubishi Corporation that runs a global buyer club, purchasing certified, durable carbon removal credits from project developers and supplying them to corporate buyers committed to Net Zero targets.

Ownership category

akta.pro rank

Headquarters

HQ city

Zürich

HQ country

Switzerland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. CDR Offtake Agreements: NextGen enters into multi-year offtake agreements to purchase carbon removal credits from CDR project developers. The credits are then sold/retired by corporate buyers committed to Net Zero targets. NextGen acts as an intermediary providing financing certainty to projects while delivering certified CDRs to buyers at an average target price of $200/tonne.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

NextGen CDR Facility purchases certified, durable technological carbon removals from project developers through multi-year offtake agreements and delivers them as a diversified portfolio of CDR credits to corporate buyers committed to Net Zero targets. The portfolio spans five CDR technology approaches (BiCRS, DACS, Enhanced Weathering, High-temperature Biochar, Product Mineralization), with all credits ICROA-certified, 1000+ year durable, and verified via independent digital MRV, offered at an average target price of $200/tonne.

Product overview

NextGen CDR Facility is a collaborative platform between South Pole and Mitsubishi Corporation that functions as a buyer club and diversified portfolio for permanent carbon dioxide removals (CDRs). The facility connects major corporate buyers with CDR projects across five technology categories: Biomass Carbon Removal and Storage (BiCRS), Direct Air Capture and Storage (DACS), Enhanced Weathering, High-temperature Biochar, and Product Mineralization. NextGen provides a risk-managed approach to CDR procurement, offering standardized certification under ICROA-endorsed standards, diversified technology and geographic exposure, and a target price of $200/tonne. Projects in the portfolio must be operational by end of 2025 and producing at scale.

Differentiator

Problem solved

Functional benefit

Named customers6 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

13 partnerships are on record, tiered core, portfolio and strategic.

• Exomad GreencoreStrategic or Co-development Partner · 5 December 2024Multi-year CDR purchase agreement with world's largest biochar producer. Exomad Green's facilities in Concepción and Riberalta, Bolivia produce high quality biochar at commercial scale using forestry waste. NextGen purchases CDRs to include in its diversified portfolio.
• CarbonfuturecoreTechnology or Integration · 5 December 2024Digital MRV (dMRV) platform partner providing Carbonfuture MRV+ for all CDR credits. Ensures real-time transparency on credit quality through rigorous due diligence, digital tracking, and third-party verification and certification.
• Alt CarboncoreStrategic or Co-development Partner · 16 October 2024Historic deal to purchase CDRs from India's leading CDR developer. Alt Carbon spreads basalt on tea plantations in Darjeeling using enhanced rock weathering. This is NextGen's first purchase in Asia, completing the portfolio technology mix.
• South PolecoreStrategic or Co-development PartnerJoint venture partner providing deep market expertise and origination channels. South Pole is a leading climate project developer and carbon market specialist that helps identify and assess best-in-class CDR projects for the NextGen portfolio.
• Mitsubishi CorporationcoreStrategic or Co-development PartnerJoint venture partner providing international networks and market expertise. Headquartered in Tokyo, Mitsubishi Corporation brings global trade and investment capabilities to support CDR market development.
• 1 Point FiveportfolioStrategic or Co-development PartnerPortfolio project in Direct Air Capture and Storage (DACS) technology. 1PointFive is developing direct air capture facilities.
• neustarkportfolioStrategic or Co-development PartnerPortfolio project. neustark operates in the carbon removal space, providing CDR through their technology approach.
• Summit Carbon SolutionsportfolioStrategic or Co-development PartnerPortfolio project in Biomass Carbon Removal and Storage (BiCRS). Summit Carbon Solutions is developing carbon capture and storage projects.
• First Movers CoalitionstrategicStrategic or Co-development PartnerStrategic partner through World Economic Forum. Coalition aims to create early demand for emerging climate technologies to help commercialize them.
• Global Carbon Removal PartnerstrategicStrategic or Co-development PartnerStrategic partner network helping build international market infrastructure for gigatonne-scale CDR market.
• Rethinking RemovalsstrategicStrategic or Co-development PartnerStrategic partner initiative focused on advancing carbon removal markets and standards.
• XPRIZEstrategicStrategic or Co-development PartnerStrategic partner focused on driving innovation in carbon removal through incentivized competitions.
• CCS Plus InitiativestrategicStrategic or Co-development PartnerStrategic partner in carbon capture and storage initiatives helping advance CCUS standards and deployment.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Puro.earth: Puro.earth operates a CDR-focused registry and marketplace for biochar, BECCS, and other engineered removals. It serves similar corporate buyers seeking certified, durable carbon removal credits and competes in the same procurement channels as NextGen's portfolio offerings.
• Frontier: Frontier is a buyer coalition formed by Stripe, Alphabet, Shopify, Meta, and McKinsey to commit over $1B to advanced CDR purchases. It is the most directly comparable peer to NextGen — both operate multi-corporate buyer clubs procuring diversified, high-integrity CDR at scale, targeting similar vendor ecosystems (Charm Industrial, 1PointFive, etc.).
• Carbonfuture: Carbonfuture is both an integration partner of NextGen (via MRV+) and an independent CDR registry and marketplace. After acquiring Puro.earth, it operates the largest dedicated CDR registry globally, directly competing for both project developer supply and corporate buyer demand.
• Patch: Patch is a B2B carbon credit marketplace and API platform enabling businesses to embed carbon credit purchasing into their products. It overlaps with NextGen in serving corporate buyers seeking high-integrity credits, though Patch focuses more on offsets including avoidance credits alongside removals.
• Cloverly: Cloverly provides a carbon credit API and marketplace serving enterprise customers with portfolios spanning avoidance and removal credits. It competes for the same enterprise procurement budgets NextGen targets and similarly emphasizes certification quality and verifiability.

Broad incumbents

• South Pole: South Pole is NextGen's joint-venture parent and a leading global climate consultancy and carbon project developer. While not a direct competitor (it operates NextGen), South Pole's broader portfolio of carbon advisory, VCS project development, and corporate sustainability services overlaps with where NextGen positions its buyer club offering.

Others

• Sylvera: Sylvera provides independent carbon credit ratings and analytics used by corporate buyers to vet credits. While not a direct procurement competitor, it serves the same corporate buyer segment and influences which credit sources (including NextGen's portfolio) get selected for procurement.
• BeZero Carbon: BeZero is a carbon credit ratings agency providing independent quality assessments of voluntary credits. Like Sylvera, it serves adjacent buyer-side due diligence needs for the same customers NextGen targets, and competes for influence over corporate CDR procurement decisions.

Emerging players

• Charm Industrial: Charm Industrial is a leading CDR developer producing bio-oil sequestration from biomass. It is a target supplier to NextGen and a direct supply counterpart to buyer-club procurement platforms, and its relationship with Frontier shows the same supply dynamics apply on the NextGen side.
• 1PointFive: 1PointFive is building the largest commercial Direct Air Capture facility (STRATOS) and is both a contracted supplier in NextGen's portfolio and a target supplier for rival buyer clubs like Frontier. As a CDR developer at scale, it competes for similar capital and corporate offtake flows that NextGen channels.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nextgencdr

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

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 NextGen CDR Facility