JPMorganChase ↔ Climeworks

JPMorganChase: a firm purchase of 25,000 t of direct air capture removal from Climeworks.

BuyerJPMorganChase

SupplierClimeworks

Tonnes25,000 t

Capture pathwayDirect air capture

Storage mediummineralized

Durabilitydurable, 1,000 years or more

Durability basisseed-curated

Commitment typefirm

JurisdictionIceland

Deal structureofftake

Source pathway descriptionDirect air capture with basalt mineralization (Carbfix, Iceland)

Delivery window9 years

Project locationIceland

NotesPayment disclosed as 'over $20 million' (exact figure undisclosed, so usd null). Part of JPMorgan's May 2023 ~$200M / 800,000 t package, which also included: Charm Industrial 28,500 t bio-oil injection over 5 years (sub-threshold, value undisclosed — the '$75M' often cited was JPMorgan's Frontier commitment, excluded per instructions) and a CO280 MOU for up to 450,000 t (firmed up May 2025, listed

Confidencehigh

Stated jurisdictionIS

on the record, owner-reviewed · extracted 2026-08-11

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More: Climeworks · Direct air capture