Japan Airlines signed the first CORSIA-compliant removal deal with Climeworks. Vaulted Deep raised $35 million of debt from Mediobanca secured on Frontier, Microsoft and Google offtakes. ADM will put 800,000 tonnes a year of geologic removal on the market from one Nebraska plant. Canada opened a framework to export removal ITMOs. Isometric extended its Series A to $50 million with ICE. Five European associations demanded a binding 250 Mt removal obligation in the EU ETS. Numbers in this edition are cross-checked against CDR.fyi where they overlap.
By registry: Isometric 77 · Verra 37 · Gold Standard 20
6 stories that change the picture for Durable removal (CDR).
Japan Airlines signs the first CORSIA-compliant carbon-removal deal, with Climeworks
A CORSIA-eligible removal portfolio of biochar and soil carbon, plus separate DAC credits; volumes undisclosed.
Why it matters. The first airline to put durable removals into a compliance obligation.
Vaulted Deep secures $35M of debt from Mediobanca backed by Frontier, Microsoft and Google offtakes
The largest disclosed US commercial debt deal in durable removal.
Why it matters. Offtake contracts are now bankable collateral.
ADM enters the market with 800,000 tonnes a year of geologically stored removals
Biogenic CO2 from a Nebraska ethanol plant to Wyoming storage under Puro.earth, first issuance expected by year end.
Why it matters. One site will out-supply most emerging-market portfolios. Price pressure on the removal label is coming.
Canada opens a framework to export removal ITMOs under Article 6
About C$900M of removal credits are said to be waiting on an export pathway.
Why it matters. A G7 host selling authorised removals into the same buyer pool as emerging-market projects.
Isometric extends Series A to $50M with ICE and Tokyo Gas
16 Mt of removals under contract for verification.
Why it matters. Exchange infrastructure is backing a removal-only registry.
Exomad Green locks 1.1 Mt of biochar removals with Carbonfuture through 2035
Over 400,000 tonnes delivered to date; targets about 1 Mt a year by 2028.
Why it matters. The largest delivered CDR supply in the world is Bolivian biochar.
0 new listings, 1 status changes, 1 newly registered or certified.
The late list, the pipeline mix, and who is originating.
Most active proponents in the pipeline
- Terraton 2 projects in pipeline or validation
- Green Carbon 2 projects in pipeline or validation
- Carboneers 2 projects in pipeline or validation
- CarbonCure Technologies Inc. (PP) 2 projects in pipeline or validation
- re.green 1 projects in pipeline or validation
- agriCARBON 1 projects in pipeline or validation
Position Check
Built from registry counts as of 25 September 2026. Late to verify is Verra's own status; the read is ours.
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