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Amazon and Aramco Invest in CarbonCapture’s $80M Raise

CarbonCapture Inc., a prominent US-based direct air capture (DAC) company, has announced the successful completion of its $80 million Series A financing. This achievement follows the addition of several strategic investors, including Amazon’s Climate Pledge Fund, Aramco Ventures, and Siemens Financial Services. 

The financing round was led by Prime Movers Lab, a notable investor in groundbreaking scientific startups, with participation from Idealab X, Marc Benioff’s TIME Ventures, Neotribe Ventures, Alumni Ventures, and several other venture investors. The funds will be used to further advance technology development and to deploy early installations of CarbonCapture’s modular DAC systems.

Adrian Corless, CEO of CarbonCapture Inc., expressed excitement about welcoming the new strategic investors while noting that:

“To realize our ambitious mission to decarbonize the atmosphere, it’s imperative that we marshal the capabilities of the global industrial community…Together, we’re stepping closer to a cleaner, healthier planet for future generations.”

Atmospheric Alchemy: CarbonCapture’s DAC Triump

CarbonCapture is a direct air capture (DAC) startup that specializes in modular DAC machines. They can be interconnected in large arrays to remove substantial amounts of CO2 directly from the atmosphere. Its initial modules, located in Wyoming, are designed to capture and store approximately 10,000 metric tons (Mt) of CO2 annually.

CarbonCapture DAC modules

The company has set an ambitious goal to remove 5 million Mt of CO2 annually by 2030 through a phased approach to CO2 removal, consisting of four phases. If successful, this carbon removal goal would be significant, given that the current annual global capacity for CO2 removal stands at only 0.01 million Mt of CO2.

The DAC modules resemble vented shipping containers and are capable of filtering out 75% of carbon from the air passing through them. The captured CO2 is then injected 12,000 feet underground into saline aquifers for permanent storage.

CarbonCapture’s DAC project, known as Project Bison, is groundbreaking for several reasons:

  • It represents the first massively scalable deployment of DAC technology, with the potential to scale up to megaton levels.
  • It is the first project to use Class VI injection wells for DAC carbon storage. Class VI wells are for permanent CO2 storage once approved.
  • It could become the largest single DAC project in the world if it achieves its goal of 5 megatons of annual carbon capture and storage by 2030.

The company has already secured over $26 million in carbon removal credits through pre-sales to leading global companies such as Microsoft, Boston Consulting Group, Alphabet, Meta, Stripe, Shopify, McKinsey & Company, and JPMorgan Chase & Co.

Funding the Future of CDR

Direct air capture is an emerging CDR technology and so, it costs relatively higher than established carbon removal approaches. This is because atmospheric carbon is much more dilute than the flue gas of a power station, for instance.

Here are the costs of direct air capture in USD per ton of CO2, based on CO2 concentrations.

direct air capture cost

As DAC technology has not yet been demonstrated on a large scale, its costs remain uncertain. Capture cost estimates range anywhere from $200 to $700 per ton of CO2.

The actual cost of DAC depends on several factors, including energy source, carbon price, technology choice, capital expense, etc. All these factors influence the regional cost of carbon removal through direct air capture. Scaling up this removal technology is crucial to bring down its cost. 

CarbonCapture’s DAC technology has achieved significant technical and commercial progress. 

Pioneering DAC Innovation

Dr. Adiari Vazquez, Investment Partner at Amazon’s Climate Pledge Fund highlighted CarbonCapture’s innovation in advancing the scalability and accessibility of carbon removal. He added that effective, verifiable, and durable carbon removal, such as that achieved through CarbonCapture Inc.’s DAC system, will be crucial for a net zero carbon future. 

Last year, Amazon inked its first investment in CDR credits with one of the world’s biggest DAC companies 1PointFive. It’s the first deal that Amazon made in DAC at this scale, with the credits coming from 1PointFive’s Stratos plant.

Aramco Ventures is also pleased to support CarbonCapture’s unique, modular direct air capture platform. Aramco, alongside Chevron and Samsung, also invested in a UK-based carbon capture tech startup’s $150M raise in 2022.

Siemens Financial Services’ investment further amplifies the CDR company’s role in commercializing direct air capture in the US. Their expertise and portfolio of digital process simulation, automation, and control solutions will support CarbonCapture’s ambitious plans to deploy DAC systems at scale.

CarbonCapture’s successful $80 million financing round signifies a major leap forward in the quest for direct air capture. With innovative DAC technology and strategic partnerships, CarbonCapture is driving meaningful progress towards a sustainable, carbon-neutral future.

The post Amazon and Aramco Invest in CarbonCapture’s $80M Raise for DAC appeared first on Carbon Credits.

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The Strategic Case for Nature-Based Carbon Investments

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Nature-based carbon investments deserve consideration when they address a specific business dependency and produce outcomes you can measure. Imagine Moonbucks, a global coffee roaster planning next season’s espresso blend. It is considering natural Grade 4 coffee from Jimma, in southwestern Oromia, Ethiopia. Its sourcing decisions affect the roasting schedule and the cash tied up in coffee purchases. Moonbucks needs to understand which measures could protect that supply, what they would cost and how it would judge the results.

1. Define the sourcing problem before choosing a project

Moonbucks needs a dependable component for its espresso blend. Its procurement team wants continuity of volume and an agreed cup profile. Replacing a shipment at short notice could require new sample approval and changes to the blend, and given the schedules for cultivation, processing, and freight delivery, is practically impossible. Moonbucks needs to get this right, and its initial concern is inconsistent deliveries. It commissions an assessment of the supplying farms and post-harvest chain. The questions cover land condition, harvest availability and whether drying or storage problems are affecting saleable lots.

This distinction changes the investment brief. A tree-planting proposal cannot be assumed to fix drying problems. Better storage cannot restore eroded land. The team must establish which problem exists before selecting the response.

CCC’s guide to finding nature-based solutions in your supply chain explains where to look. Here, the next task is to turn a broad concern into a testable proposal.

2. Develop nature-based carbon investments around the actual supply chain

The assessment would trace Moonbucks’ purchases back through the exporter and supplying producer groups. Which farms supply the contracted lots? Who controls land-management decisions? How long does the buyer expect to maintain the purchasing relationship?

Furthermore, Jimma natural Grade 4 cannot be treated as interchangeable with every Ethiopian coffee. Moonbucks would need to test any substitute against its own blend and quality requirements.

Suppose Moonbucks’ assessment identifies an opportunity to maintain shade trees and restore vegetation along exposed streambanks. The IPCC describes agroforestry as a way to store carbon in vegetation and soil, with potential benefits for erosion control and water quality.1 Moonbucks would need local advice on species, growing conditions and maintenance before deciding how these measures fit its sourcing plan.

The proposal now has a defined sourcing connection and a candidate intervention. The next steps are to test its effect on production, assess carbon eligibility and build the financial case.

3. Compare the proposal with other ways to protect supply

WBCSD’s Nature-based Solutions Blueprint recommends comparing nature-based options with other responses across their benefits and costs.2 For Moonbucks, that means evaluating the landscape proposal alongside drying improvements, storage controls and alternative sourcing arrangements.

The product’s natural-process designation matters. Moonbucks should examine the drying and dry-milling chain alongside land conditions. Its team would check storage practices, contamination risks and incoming-lot quality to see whether problems arise before or after the coffee leaves the farms.

The revised proposal might combine land stewardship with separate post-harvest controls. Each component needs its own purpose and budget. A sustainability label should not obscure which activity is expected to solve which problem.

The project develops as the evidence improves. Its scope should follow the diagnosis rather than preserve the first idea unchanged.

4. Establish what the carbon outcome could count toward

Moonbucks’ sustainability team now tests the proposed carbon case separately from the sourcing case. Is the objective a measurable change in Moonbucks’ value-chain emissions, verified credits for separate voluntary use, or distinct outcomes under carefully defined arrangements?

Scope 3 covers value-chain emissions. A purchasing relationship alone does not prove that a farm intervention can be included in Moonbucks’ inventory. The team needs an applicable accounting method, defensible boundaries and evidence supporting attribution.

SBTi’s FLAG Guidance (forest, land and agriculture), version 1.2, says purchased credits used as offsets cannot meet near-term FLAG or energy and industry targets. Eligible land-based removals are subject to accounting requirements.3 Moonbucks needs to test its proposal against those rules before including an outcome in its targets.

For Moonbucks’ Jimma proposal, maintaining existing trees and establishing new vegetation could involve different carbon questions. Specialists must examine the baseline and additionality, meaning what changes because the project proceeds. They must also assess measurement and the risk that stored carbon is lost. CCC’s MRV and additionality article introduces those tests.

Until that work is complete, Moonbucks should not budget an assumed Scope 3 reduction or credit-sale receipt. Direct emissions reductions remain the priority.

5. Build a financial case that survives weaker assumptions

Moonbucks’ finance team would now build a multi-year budget. UNEP’s State of Finance for Nature 2023 compares current finance with the investment needed to meet climate, biodiversity and land-restoration goals.4 The company would cost its proposed activities, farmer participation and ongoing monitoring. Verification, where required, is a separate expense. Maintenance and responsibility for replacing failed plantings must remain visible after the initial establishment budget ends.

Operational benefits need equally careful treatment. If fewer rejected lots reduce emergency purchasing, count that saving once. Do not add “supply resilience” as another financial benefit when it represents the same avoided cost.

Moonbucks should compare a base case with slower benefits, higher implementation costs and no carbon revenue. It should also distinguish production outcomes from quality and shipment outcomes. A single good harvest would not prove that the landscape intervention caused better delivery performance.

A project can remain worth funding even when its carbon case needs more work. That decision must rest on the operational evidence and the company’s objectives, without unsupported environmental claims.

6. Fund a pilot with a clear expansion decision

Moonbucks’ first approval would fund a bounded pilot, rather than commit the entire sourcing program. Before spending, Moonbucks would agree on participating farms, responsibilities and the evidence needed at review.

Its scorecard could track farmer participation, implementation costs and plant survival, alongside accepted coffee volumes and lot-quality results. Carbon measurements would follow the selected method. Farm-level traceability must connect the intervention to the actual sourcing relationship.

Suppose Moonbucks’ review later finds that storage changes explain most quality improvements, while the land measures need longer observation. Those findings would shape the next decision: expand the proven component, adjust the landscape work or pause further spending. They would not justify crediting all improvements to tree planting.

This gives nature-based carbon investments a practical place in a multi-year strategy. Funding increases as the evidence supports it, and the project can change direction before a larger commitment.

Discuss a sourcing opportunity with CCC

Carbon Credit Capital’s nature-based supply-chain investment service uses its Dual-Value Model to examine supply-chain economics alongside potential sustainability outcomes.

Schedule a consultation to discuss your sourcing exposure and the questions to resolve before allocating capital.

Sources

  1. Intergovernmental Panel on Climate Change (IPCC), Climate Change 2022: Mitigation of Climate Change, Chapter 7, Agriculture, Forestry and Other Land Uses, section 7.4.3.3 (Agroforestry).
  2. World Business Council for Sustainable Development (WBCSD), Nature-based Solutions Blueprint, 5 June 2024.
  3. Science Based Targets initiative (SBTi), Forest, Land and Agriculture Science-Based Target-Setting Guidance, version 1.2, March 2026, section 3.1.4, pp. 37–38.
  4. United Nations Environment Programme (UNEP), State of Finance for Nature 2023, 2023.
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Carbon Footprint

How to buy plastic credits, and what to check before you do

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A plastic credit funds the collection of plastic waste in places where no formal system exists to collect it. Each credit represents a measured, independently audited quantity of plastic taken out of the environment or returned to use, tracked on a public registry.

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Carbon Footprint

EU carbon credit claims after 27 September 2026

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EU carbon credit claims changed on 27 September 2026, the day the Directive (EU) 2024/825 began to apply across the European Union. The change is narrow. It changes how a company can talk about the credits it buys. A product can no longer be called neutral on the strength of compensation alone; however, every specific, evidenced statement about what a company measured, reduced, and funded stays fully available.

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