CDR Activity Summary Nov 5, 2026
In October 2026, CDR investment surged to about $1.12 billion across 12 deals, up from about $78.51 million in September. Government grants led at about $965.19 million across seven deals, anchored by the Swedish Energy Agency’s SEK 9.3 billion bio-CCS awards (about $946 million), while debt financing added about $155.62 million across five deals, led by Citi’s about $72 million note for Applied Carbon.
CDR offtake volumes fell ~92% to ~436K tonnes across 11 deals, ~85% below the trailing 12-month average of ~2.87M tonnes. Google and McKinsey's 320,000-tonne silvopasture deal with Working Trees drove ~73% of volume, with BiCRS adding ~27% across eight deals, including up to 97,240 tonnes of Terraton agreements.
On the supply side, October issuances surged ~188% to ~2.29M tonnes, with Soil-based Removal at ~90%, while retirements eased ~21% to ~662,203 tonnes. The issuances-to-retirements ratio widened to ~3.5 times, the widest since February's ~5.3 times.
On the Registry side, Puro.earth opened applications for DACCS suppliers under its new CCS+ methodology, integrating direct air capture, CO₂ transport and storage. Isometric launched an insurance framework letting reforestation developers reduce their buffer pool contributions.
On the project side, Green Carbon and Shimizu's Direct Ocean Capture project was selected for the FY2026 Tokyo Bay Innovation Field. Capture6 launched Project Tortuga in Western Australia, an industrial-scale facility that recovers freshwater from brine while capturing CO₂ from the air.
