Charm Industrial

Charm Industrial

Biomass to bio-oil for storage underground

Overview

Charm Industrial captures carbon by turning agricultural residues into bio-oil through pyrolysis and then pumps the bio-oil deep underground where it solidifies, permanently storing CO2. This process uses agricultural waste as feedstock and creates a self-sustaining chemical reaction to convert biomass into a carbon-rich liquid, which is injected underground for long-term storage, reducing risks like wildfires, soil erosion, and land-use change. The company charges agricultural clients for converting their residues into bio-oil and storing it, offering end-to-end carbon capture and storage services. Unlike typical CCS firms that rely on industrial CO2 streams or dedicated geological projects, Charm Industrial focuses on readily available farm waste and provides a complete service from feedstock collection to underground sequestration. Its goal is to help customers cut their carbon footprints and contribute to lowering atmospheric CO2 levels over time.

Funded Recently

About Charm Industrial

Simplify's Rating
Why Charm Industrial is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & Manufacturing

Energy

Company Size

51-200

Company Stage

Debt Financing

Total Funding

$145.5M

Headquarters

San Francisco, California

Founded

2018

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Simplify's Take

What believers are saying

  • JPMorganChase's 61,500-ton purchase and $20 million facility validate large-scale demand.
  • Charm's Colorado expansion builds on wildfire-residue feedstock from mitigation projects.
  • Enterprise buyers like Google show willingness to sign multi-year carbon removal commitments.

What critics are saying

  • Scaling from one pyrolyzer to a continent-wide fleet creates severe execution bottlenecks.
  • Injected bio-oil depends on EPA-regulated wells, exposing operations to permit delays and enforcement.
  • Feedstock competition and transport costs can starve plants and compress already tight unit economics.

What makes Charm Industrial unique

  • Charm turns agricultural and forestry residues into bio-oil for underground storage.
  • Its protocol formalized bio-oil sequestration measurement with Carbon Direct and EcoEngineers in 2022.
  • The company also sells biochar co-products that improve soil health and retention.

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Funding

Total Funding

$145.5M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:
Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Stock Options

401(k) Company Match

Paid Vacation

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

-2%

2 year growth

-1%
Biochar Today
Jan 20th, 2025
Google partners with Charm Industrial to scale biochar carbon removal

Google has partnered with Charm Industrial to remove 100,000 tons of CO2 by 2030 using biochar, a carbon-sequestering product from biomass.

Slice Manufacturing Studios
Nov 28th, 2024
Charm Industrial Partners with Manufacturo for Carbon Removal Scaling

Charm Industrial partners with Manufacturo for carbon removal scaling.

AgFunderNews
Dec 28th, 2023
The Top 20 Agtech Deals Of 2023

Disclosure: AgFunderNews’ parent company is AgFunder. Agtech deals of 2023 followed much the same trajectory as other tech sectors, with lower valuations and far fewer mega-rounds than seen in the VC heyday of 2021 and early 2022. This year also saw a shift towards more investment in climate-focused solutions, hence the multiple waste-to-energy startups and carbon-related companies on the list below. Ag biotechnology, which includes the biologicals sector, was another strong category this year

Teknovation.biz
Oct 31st, 2023
Carbon Renewal Funding Is On The Rise

Like this story? Please share!. .

EnergyNow
Jun 30th, 2023
The Three Biggest Letters in Carbon Removal Are MRV

In 2022, Charm collaborated with carbon management firm Carbon Direct and consulting firm EcoEngineers to publish a prototype protocol to help inform MRV standards for the type of carbon removal the startup performs, called bio-oil sequestration.

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