FIGURE 5 FIGURE 6CDR sales worldwide as of August 2024 Total funds raised by leading carbon capture and storage (CCS) start-ups worldwide as of 2023Sold CO2 removals in tonnes, suppliers Millions of tonnes0 0.5 1 2 3 4Ørsted: BECCS Stockholm Exergi: BECCS 1PointFive: DAC Heirloom: DAC Exomad Green: Biochar Climeworks: DAC Charm Industrial: Bio-oil Lithos: ERW Vaulted Deep: Ocean CDR Neustark: Mineralization3,670,000 3,330,000 1,285,427 342,970 296,311 188,203 168,267 158,409 154,646 119,202Funds raised in $ millions $ millionsClimeworks, CH: DAC Svante, CA: Other Carbon Clean, DE: Other Prometheus, US: Other Carbon Engineering, CA: DAC Carbon Recycling International, IS: Other Heirloom, US: Other Carbon America, US: Other Blue Planet Systems, US786.69 0 200 400 600 800447.15 242.48 115.84 110.26 89.76 57.6 37.5 34.43Verdox, US: DAC 170.06Description: In August 2024, Danish energy company Ørsted was the world’s foremost supplier of CO2 CDR credits after agreeing a deal with Microsoft for 3.67 million tonnes of carbon removal, while Stockholm Exergi stood second in the ranking, having made a deal to supply 3.3 million tonnes of CDRs to Microsoft. Source: CDR.fyi Description: As of 2023, Swiss company Climeworks had raised ~$787 million, making it the highest-funded CCS start-up in the world. Valued at almost $2 billion and backed by the Microsoft Climate Fund, Climeworks specializes in DAC technology. In 2023, five of the 10 highest-funded CCS start-ups were US-based. Notes: Worldwide; 2023. Countries: CA = Canada, DE = Germany, CH = Switzerland and IS = Iceland. Source: Global Corporate Venturing: PitchBook statista Carbon Dioxide Removal Technologies: Market Overview and Offtake 14

Carbon Dioxide Removal Technologies 2026