TECHNOLOGY
Carbon Capture & DAC Deals
Direct air capture (DAC), industrial CCS, and carbon-removal offtake deals. Tracks 45Q tax credit transfers and CDR purchase agreements.
11
Tracked Deals
0.4 GW
Total Capacity
$6.75B
Disclosed Value
2023–2026
Period
Top Deals
By disclosed value| Date | Asset / Counterparties | Size | Value |
|---|---|---|---|
| Nov 2, 2023 | Denbury Inc. — 1,300-mile CO2 pipeline network (largest i… Denbury Inc. shareholders → ExxonMobil | — | $4.9B all-stock ($89.45/share) |
| Aug 15, 2023 | Carbon Engineering — DAC technology developer (powering 1… Carbon Engineering Ltd. → Occidental (via 1PointFive subsidiary) | — | ~$1.1B (3 annual cash payments) |
| Nov 8, 2023 | STRATOS DAC plant — 500,000 tons/year CO2 capture, Ector … 1PointFive (Occidental subsidiary) → BlackRock (Diversified Infrastructure) | — | $550M |
| Dec 4, 2024 | Heirloom DAC technology platform + flagship Project Cypre… Heirloom Carbon Technologies → Future Positive (lead), Lowercarbon Capital (lead), Ahren Innovation Capital, Breakthrough Energy Ventures, Carbon Direct Capital, Japan Airlines, MCJ Collective, Mitsubishi Corporation, Mitsui & Co., MOL Switch LLC, Quantum Innovation Fund, Siemens Financial Services | — | $150M (Series B) |
| Mar 15, 2023 | Heirloom DAC platform — limestone calcination direct air … Heirloom Carbon Technologies → Carbon Direct, Future Positive Capital, Lowercarbon Capital, Microsoft Climate Innovation Fund, Breakthrough Energy Ventures, Kimmeridge | — | $53M (Series A) |
| Oct 23, 2025 | 400 MW natural gas with CCS power plant at ADM facility, … Broadwing Energy / Low Carbon Infrastructure → Google | 400 MW | — |
Most Active Firms
Top Buyers / Financiers
Top Sellers / Developers
| # | Firm | Deals | Value |
|---|---|---|---|
| 1 | Heirloom Carbon Technologies | 3 | $203M |
| 2 | 1PointFive (Occidental subsidiary) | 3 | $550M |
| 3 | Broadwing Energy / Low Carbon Infrastructure | 1 | — |
| 4 | Low Carbon Infrastructure | 1 | — |
| 5 | Graphyte | 1 | — |
Technology Mix
Deal Type Mix
- Power Purchase & Offtake4
- Strategic & Growth Capital4
- Corporate M&A2
- Project & Portfolio M&A1
Activity by Year
Recent Deals
Latest 10- JPMorganChase–Graphyte carbon removal agreement — 60,000 tons over 10 years, …Apr 9, 2026
Power Purchase & Offtake · AR
- One Carbon Partnership (OCP) CCS — first Indiana EPA Class VI CCS permit, Car…Apr 9, 2026
Project & Portfolio M&A · IN · 0,000,000+
- Heirloom Carbon — undisclosed strategic equity investment by DBJ and Chiyoda …Dec 2, 2025
Strategic & Growth Capital · CA
- 400 MW natural gas with CCS power plant at ADM facility, Decatur, IllinoisOct 23, 2025
Power Purchase & Offtake · IL · 400 MW
- Heirloom DAC technology platform + flagship Project Cypress (Port of Caddo-Bo…Dec 4, 2024
Strategic & Growth Capital · CA, LA · $150M (Series B)
- STRATOS DAC plant — 500,000 tons/year CO2 capture, Ector County, Texas (~$1.3…Nov 8, 2023
Strategic & Growth Capital · TX · $550M
- STRATOS DAC facility — 500,000 tons CO2 removal credits over 6 years (from 50…Nov 2, 2023
Power Purchase & Offtake · TX · Undisclosed (largest DAC CDR purchase to date)
- Denbury Inc. — 1,300-mile CO2 pipeline network (largest in US) + EOR oilfield…Nov 2, 2023
Corporate M&A · LA, MS, TX · $4.9B all-stock ($89.45/share)
- STRATOS DAC facility — 250,000 tons CO2 removal credits over 10 years (from 5…Sep 12, 2023
Power Purchase & Offtake · TX · Undisclosed (10-year agreement)
- Carbon Engineering — DAC technology developer (powering 1PointFive's STRATOS …Aug 15, 2023
Corporate M&A · International · ~$1.1B (3 annual cash payments)
Related
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