Boeing has a carbon emissions problem. Startup Charm Industrial is cleaning up.

Boeing has partnered with startup Charm Industrial to remove 100,000 metric tons of carbon dioxide from the atmosphere as part of efforts to address the aviation sector’s persistent carbon emissions problem. Charm Industrial converts agricultural and forestry waste into “bio-oil” through a heating process, then injects this carbon-rich substance underground, including into depleted oil wells, effectively sequestering the carbon. This method allows Charm to generate and sell carbon removal credits to companies like Boeing, providing an alternative to costly sustainable aviation fuels. The aviation industry has struggled to reduce emissions directly and is projected to spend at least $60 billion on carbon offsets by 2050 to achieve net-zero goals. Charm’s approach offers a potentially more cost-effective solution, although the financial details of the Boeing deal were not disclosed. Previously, Charm sold 112,000 carbon removal credits to Frontier for $53 million, averaging about $470 per metric ton, but aims to reduce this cost to approximately $50 per metric ton. Additionally,