Graphyte Secures Backing From Sumitomo And Expands Partnerships

By Violet George, Carbon Herald

Graphyte has announced two agreements that mark significant milestones for the scaling of durable carbon removal technologies. Sumitomo Corporation has acquired an equity stake in Graphyte ’s Loblolly carbon removal project in Arkansas, while Japanese shipping giant NYK Group has entered into an agreement to purchase carbon removal credits generated by the company’s Carbon Casting technology.

The investment by Sumitomo is notable because it represents one of the first known examples of project-level financing for a durable carbon removal facility.

Rather than investing solely at the corporate level, the partnership directly supports the expansion of the Loblolly project, creating a model that could help unlock future capital for carbon removal infrastructure.

Read more in Carbon Herald.