Why are we interested in carbon capture tech?
Susten's Research team is conducting an in-depth exploration of carbon capture, utilization, and storage (CCUS). Our first post on this topic outlines some of the drivers and some interesting companies.
Regulatory requirements are intensifying.
Carbon Credit Markets: Compliance vs. Voluntary
There are two main types of carbon credit markets: compliance markets and voluntary markets.
Our investment strategy relies on the assumption that there will be demand for carbon capture tech and seeks out the most cost-efficient and user-friendly technologies, coupled with the best run businesses. We are capitalizing on the growth momentum in these markets as participants begin to select technologies and install carbon capture units.
Innovative Companies in Carbon Management and Credit Trading
We have identified a number of companies, which are innovating in carbon management, carbon credit trading, and verification. Here are some of them:
Accend – sold 52,270 t of carbon credits, in addition to being a carbon credit marketplace, specializes in providing technical and financial advisory services
Carbon Re – AI decarbonizing energy-intensive industries like cement, steel and glass productions, offering 10% reduction of emissions
Carbonfuture – sold 141,833 t of carbon credits, the second largest carbon removal marketplace
Carbonx – sold 48,496 t of carbon credits
Cleartrace – a carbon tracking tool that has been historically utilizing blockchain technology, supported by such investors as JP Morgan
Ecologi – carbon impact platform for SMEs, allowing to track and reduce carbon footprint based on Science Based Targets and Oxford Principles, and fund climatic projects
Emitwise – a carbon management platform, unique in enabling cutting emissions across a supply chain
FlexiDAO – provides tools to gain oversight of the client’s clean electricity portfolio using blockchain technology, collaborated with Google, Microsoft
Isometric – carbon removing credits differentiating by rigorous scientific proof of carbon being actually removed
Milkywire – sold 23,988 t of carbon credits, launched its own app with access to a wide range of carbon removal options
Patch – sold 33,377 t of carbon credits, up to date (from 2020) total financing is $80 mn
Plan A – a science-based carbon management platform partnering with and servicing companies like Visa, BMW, Deutsche Bank, KFC, etc.
Puro.Earth – has already sold 397,935 t of carbon credits. Certifies and, in fact, issues carbon credits through Puro Standard for voluntary corporate buyers
Senken – sold 81,743 t of carbon credits, founded only in 2021 but already became the 3rd largest carbon removal marketplace, the first to start selling carbon forward tokens early in 2023
Stripe Climate – works with Frontier, sold 29,840 t of carbon credits
Supercritical – sold 61,065 t of carbon credits, launched only in 2021 but already is the 4th biggest carbon removal marketplace by number of credits sold
Sweep – a carbon tracking startup, which managed to become a member of the World Bank’s Carbon Pricing Leadership Coalition and the International Emissions Trading Association. Acquired major clients, such as L’Oreal and Lacoste over 4 years of its existence.
Sylvera – a UK provider of carbon data, essential for the world to stay in line with the Paris Agreement, which was singled out by World Economic Forum
Watershed – tackle companies’ Scope 3 CO2 emissions, sold 36,141 t of carbon credits
Stay tuned as we delve deeper into the world of CCUS. Up next: an in-depth look at Carbon Capture Technology.