Deliveries have also grown rapidly, reaching a total of 658,000 tons since 2022, while withdrawals totaled 302,000 tons at the end of the second quarter of 2025. Both indicators have roughly doubled annually since the beginning of 2022.

Microsoft, Google, BCG, and JPMorgan lead the purchases, representing 57% of all purchased volume. Regarding suppliers, Exomad Green accounts for 60% of the credits sold since 2022 and is among the largest in terms of volume delivered. Furthermore, companies such as Swiss Re, SEB, Tide Platform, and Nasdaq stand out for choosing almost exclusively BCR in their CDR purchases.

BCR is the most popular removal method, with 290 unique buyers, almost five times more than the second most purchased method. Based on pricing data from CDR.fyi, the BCR market grew from $14.6 million in 2022 to $33.9 million in 2023 and $181.5 million in 2024, representing a compound annual growth rate (CAGR) of 131.6%.

Growth in 2025 confirms this trend: in the second quarter, the 1.24 million tonne deal between Microsoft and Exomad Green marked the largest quarter in BCR history. However, retirements in 2025 remain at similar levels to those in 2024, suggesting that the market continues to expand but still relies on future deliveries to reflect the full contracted volume.

This data positions biochar as the preferred option for durable carbon removal due to its rapid delivery, competitive pricing, and the possibility of low-volume purchases for new market entrants.

Source and Credits to CDR.fye

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