Graphyte Secures Landmark Project Level Investment with Sumitomo

Joint Venture Investment Model Enables Scaling of Proven Carbon Removal Technology and Advances Alongside New Carbon Removal Deal with Global Shipping Leader NYK

PINE BLUFF, Ark. — June 3, 2026 — Graphyte, a leading carbon removal company focused on durable, scalable carbon dioxide removal, today announced two agreements advancing the deployment of its Carbon Casting technology. Global trading conglomerate Sumitomo Corporation acquired an equity stake in Graphyte’s Loblolly project, marking one of the first known instances of project-level investment in a durable carbon removal facility. In a separate agreement coming out of Japan, NYK Group, one of the world’s largest logistics enterprises, has entered into a carbon removal credit purchase arrangement with Graphyte to support its decarbonization strategy.

“These partnerships with Sumitomo Corporate and NYK Group reflect a growing recognition that durable carbon removal industry is maturing,” said Graphyte CEO Barclay Rogers. “With support from such leading international partners, we’re expanding infrastructure in the U.S. while laying the groundwork to serve demand in key markets around the world.”

“Graphyte’s Carbon Casting technology represents a compelling pathway to scale durable carbon removal, with strong potential to play a meaningful role in global decarbonization efforts, including in Japan,” said Wataru Sato, Head of CCUS & Subsurface Energy Business Unit at Sumitomo. “Through this investment, we at Sumitomo Corporation see an opportunity not only to support the expansion of proven infrastructure, but also to help accelerate deployment across new geographies and commercial markets.”

Graphyte’s Loblolly facility has issued over 15,000 durable carbon removal (CDR) credits to customers to-date and, with expansion enabled by this collaboration, will generate 50,000 CDR credits annually.  The joint venture between Graphyte and Sumitomo will initially focus on the Loblolly facility but will also enable the development and expansion of additional projects.

“Project-level investment is such a critical unlock for scaling durable carbon removal,” said Rogers. “Graphyte has pioneered a low-cost, scalable CDR technology, and this joint venture between Graphyte and Sumitomo will enable scaling of this proven technology.”

In a separate agreement, NYK Group, one of the world’s largest logistics enterprises offering ocean, land, and air transportation services, has officially entered into a carbon removal credit purchase with Graphyte as the shipping industry, widely recognized as one of the most challenging sectors to decarbonize, is increasingly incorporating carbon removal into net-zero strategies.

“As one of the most difficult sectors to decarbonize, shipping will require a portfolio of solutions, including high-quality carbon removal through partnerships like Graphyte,” said Yuko Tsutsui, NYK Managing Executive Officer and Chief Executive of Sustainability & Transformation Headquarters. “While we are continuously pursuing direct emissions reductions through measures such as improved energy efficiency and the adoption of next-generation fuels, certain residual emissions remain unavoidable. Our agreement with Graphyte expands our approach to include durable, scalable carbon removal solutions that address these residual emissions, supporting our net-zero ambitions and helping drive broader adoption of carbon removal globally.”

NYK Group has previously committed to scaling carbon removal procurement as part of its decarbonization strategy, and this agreement expands that effort through leveraging Graphyte’s proprietary Carbon Casting technology that uses engineered storage to permanently sequester compressed biomass.

Graphyte’s Carbon Casting technology combines long-duration permanence, low-energy inputs, and immediate scalability using widely available biomass, enabling low-cost, durable carbon removal. Both agreements underscore an acceleration in global investment behind durable carbon removal as companies seek scalable pathways to long-term decarbonization.