Charm Industrial

Charm Industrial is on a mission to return the atmosphere to 280 ppm CO₂ in a profitable manner. Founded in 2018 and based in the United States, the company specializes in designing, building, and operating a fleet of mobile fast pyrolyzers that convert agricultural and forest biomass residues into bio-oil. This bio-oil is utilized for carbon removal and direct-reduced-iron steelmaking. In 2020, Chief Scientist and co-founder Shaun Meehan achieved two significant breakthroughs, namely the development of a bio-oil intermediate and bio-oil sequestration, which served as pivotal points for the company. Within 10 months, Charm Industrial executed its first carbon removal injection. By 2021, the company successfully completed over 5,000 tons of CO₂e removal for prominent customers including Stripe, Shopify, and Microsoft. The latest milestone in the company's journey is a $100.00M Series B investment received on 06 June 2023. Notably, the investors in this round include Kinnevik, General Catalyst, Lowercarbon Capital, Thrive Capital, Exor Seeds, Elad Gil, and Breyer Labs. Charm Industrial's approach to sustainable carbon removal and its strong investor backing position the company as a key player in the Agriculture, Energy, and Manufacturing industries.