Climate Hero: Charm Industrial | Putting oil back underground
In this series we are highlighting the ways that Totera customers are helping fight climate change. Totera invests a portion of all electronic payments to help scale emerging carbon removal technologies.
Save a tree. Save the world.
Since December 19, 2021, Totera customers have helped new carbon removal companies make significant progress. Read the stories of these companies you helped fund and the people behind them.
Meet Shaun from Charm Industrial
Chief Scientist & Co-founder
“Often, when I’m asked to describe the climate challenge to someone, I talk about how we have to get to such an enormous scale in such a short period of time. But I see that more as an engineering challenge than as a daunting challenge.”
Charm Industrial uses plants to capture CO₂ from the atmosphere. The company converts biomass into a stable, carbon-rich liquid and then pumps it deep underground. This removes CO₂ permanently from the atmosphere, out of reach of wildfires, soil erosion, and land use change.
Frontier is an advance market commitment (AMC) that aims to accelerate the development of carbon removal technologies by guaranteeing future demand for solutions like the one Charm Industrial is building. It’s funded by Stripe, Alphabet, Shopify, Meta, McKinsey, and tens of thousands of businesses using Stripe Climate. Climate models project that by 2050 we will need to permanently remove billions of tons of CO₂ from the atmosphere every year.
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