CDR Activity Summary Aug 5, 2026

Disclosed CDR investment nearly stalled in July 2026, with only one transaction recorded: an undisclosed seed equity round for Switzerland-based Arrhenius AG, a microalgae-based BiCRS developer. The round was led by CTA Ltd., with participation from Young Ventures and angel investors. No debt, grant, or hybrid financing was reported, compared with approximately $164 million raised across five deals in June.

CDR offtake volumes declined by approximately 38% month-on-month to 1.39 million tonnes across four transactions, less than half the trailing 12-month average of around 2.9 million tonnes. Durable BECCS accounted for the largest share, led by Frontier Infrastructure’s 750,000-tonne Project Sprint agreement through Carbonfuture. Nature-based removals represented approximately 46% of the total, driven by two Sulawesi-focused agreements with Thryve.Earth: approximately 335,000 tonnes with Symbiosis and 300,000 tonnes with Tencent.

On the supply side, issuances fell by approximately 83% from June to a 12-month low of around 29,000 tonnes, primarily from durable BiCRS and CCS/CCUS projects. Meanwhile, retirements increased by approximately 69% to 446,000 tonnes. As a result, retirements were roughly 15 times monthly issuances, reflecting exceptionally limited new supply alongside continued retirements of nature-based credits.

On the project front, this month,  Puro. earth certified and issued the world’s first CORCs from a biogas-based BECCS project at Norway’s VEAS wastewater treatment plant. Developed by Inherit Carbon Solutions with HoopCO2 and Northern Lights JV, the project generated more than 700 CORCs in its first four months of operation, marking Puro.earth ’sfirst BECCS certification and issuance in Europe.

On the policy side, U.S. lawmakers reintroduced the Carbon Dioxide Leadership Act to accelerate investment in carbon dioxide removal technologies, support innovation and job creation, and strengthen U.S. leadership in carbon management.