2022 Market Report on CDR (Carbon Dioxide Removal) by CDR.fyi

CDR.fyi has summarized the CDR (carbon dioxide removal) market for 2022 in figures. The report is impressive and shows considerable growth in_{CO2 removal} from the atmosphere.

Sebastian Manhart from Carbonfuture provides a good overview of the most important points that are also relevant to us:

• Purchases of high-quality CDR rose by 530% from 94,000 tons in 2021 to 593,000 tons in 2022.
• The total market volume of high-value CDR purchases in 2022 was $226,418,403.
• Deliveries of high-quality CDR rose by 131% from 16,000 tons in 2021 to 37,000 tons in 2022.
• Biochar dominates purchases (40%), deliveries (87%), and largest suppliers (90%) in 2022
• Biochar orders are fulfilled within 5 months of being placed, while the remaining orders take over 30 months.
• Biochar had the lowest average cost per ton ($179), while the average price per ton for all technologies was $403, rising to as much as $1,662.

You can find the detailed report here:

https://medium.com/cdr-fyi/cdr-fyi-2022-year-in-review-d095acd9a1a0

Source:www.cdr.fyi