Full-Time
Petrochemical Scientist
BH0063
Posted on 7/8/2024
Charm Industrial
51-200 employees
Carbon capture and storage solutions provider
Compensation Overview
$124k - $186kAnnually
Senior, Expert
San Francisco, CA, USA
Position requires onsite presence in San Francisco, CA.
- Experience in the oil and gas industry
- Experience researching oil properties and methods of modification
- Familiarity with analytical methods like thermogravimetric analysis, X-ray fluorescence, and inductively coupled plasmas
- A dedication to safety
- Ability to communicate priorities and work cross-functionally
- This role will study the fundamental properties of bio-oil, including but not limited to its molecular composition and that determines the physical properties like viscosity, pH, and energy density.
- This role will also explore ways to alter the physical properties of bio-oil with the lowest possible carbon impact.
- This role will help determine the safe handling, transport, and storage of bio-oil
Charm Industrial focuses on carbon capture and storage to help combat climate change. The company collects agricultural residues, which are the leftover parts of crops after harvesting, and converts them into bio-oil using a process called pyrolysis. This process transforms biomass into a carbon-rich liquid through a self-sustaining reaction. The bio-oil is then pumped deep underground, where it solidifies and permanently removes carbon dioxide (CO2) from the atmosphere. This method not only helps in reducing CO2 levels but also minimizes risks like wildfires and soil erosion. Charm Industrial's business model targets clients in the agricultural sector, charging them for the conversion of their agricultural residues into bio-oil and its subsequent storage underground. The goal is to provide a practical solution for reducing carbon footprints and promoting sustainability.
Company Stage
Series B
Total Funding
$125.5M
Headquarters
San Francisco, California
Founded
2018
6 month growth
↑ 12%1 year growth
↑ 47%2 year growth
↑ 107%
Simplify's Take
What believers are saying
- The $100M Series B funding will enable Charm Industrial to scale its operations significantly, potentially leading to rapid growth and increased market share.
- Charm Industrial's technology not only captures carbon but also improves soil health with biochar, offering additional value to agricultural clients.
- The company's collaboration with Carbon Direct and EcoEngineers to develop MRV standards positions it as a leader in setting industry benchmarks for carbon removal.
What critics are saying
- The nascent stage of the bio-oil sequestration market means there is still uncertainty around long-term adoption and regulatory support.
- Scaling operations to a continent-wide fleet of pyrolyzers presents logistical and operational challenges that could strain resources and impact efficiency.
What makes Charm Industrial unique
- Charm Industrial's unique bio-oil sequestration process offers a permanent carbon removal solution, unlike many competitors who focus on temporary carbon offsets.
- The company's focus on converting agricultural residues into bio-oil not only addresses carbon capture but also mitigates wildfire risks and soil erosion, providing a multi-faceted environmental benefit.
- Charm Industrial's recent $100M Series B funding round, led by General Catalyst, underscores strong investor confidence and provides significant capital for scaling operations.
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