Charm Industrial is a climate tech company that takes biomass and converts it into a heavy, carbon-rich oil that can be injected underground, transmuting and storing the greenhouse gas far from the atmosphere. They’re scaling up fast and recently announced a new $20 million debt facility with JP Morgan; the bank also agreed to buy more than 60,000 tons worth of removals from them.
On this episode of Shift Key, Rob is joined by Peter Reinhardt, the CEO and cofounder of Charm. (He’s also the CEO of the trucking company Revoy, a founder of the autoimmune therapeutics company Antipode, and a board member at the electricity data company Arcadia.) They talk about what makes Charm different, how it is scaling operations as a carbon removal company, and the changing politics of climate change.
Shift Key is hosted by Robinson Meyer, the founding executive editor of Heatmap News.
You can find a full transcript of the episode here.
Mentioned:
Charm’s new deal with JP Morgan
The ProPublica story Peter criticized
“Over-Regulation is Doubling the Cost,” by Peter
The Cantwell-Sheehy bipartisan carbon removal bill
Previously on Heatmap: Charm Is Working With the U.S. Forest Service on a Carbon Removal Pilot
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This episode of Shift Key is sponsored by ...
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Music for Shift Key is by Adam Kromelow
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