

Charm Industrial
Peter Reinhardt co-founded Charm Industrial while also being CEO of Segment, a customer data platform. He has been involved with a variety of firms in the tech startup space. Peter holds degrees in Maths and Physics from the University of Washington as well as Aerospace Engineering from MIT.
What is the Challenge?
Rising temperatures due to the amount of greenhouse gas emissions caused by human activity. 51 billion is the amount of greenhouses gas, in tons, emitted globally each year, which we have to get down to net-zero by 2050. Around 7-8 of those billions will need to come from carbon capture, according to the IEA. That means that we need to move from carbon capture of thousands of tons, where we are today, to capturing several billions of tons of CO2 by 2050. Around half of the reduction capacity needed for 2050 is expected to come from new technologies that are currently at the demonstration or prototype phase. It is therefore critical to invest in new carbon capture technologies.
What is the Solution?
Charm Industrial is working to produce reliable, cost-competitive carbon sequestration from biomass. What this means is that Charm uses plants to capture CO2 from the atmosphere. Biomass is converted into a stable, carbon-rich liquid pumped into the underground. This removes CO2 permanently from the atmosphere.
This happens in three steps:
Cellulosic biomass already captures 100+ Gt CO₂/year. Charm collects it and puts it through a process called fast pyrolysis.
Charm's fast pyrolyzers break down biomass into bio-oil, a liquid rich in carbon but low in energy content.
Charm prepares the bio-oil and injects it into EPA-regulated injection wells, where the bio-oil sinks and solidifies in place for permanent storage.
What EQT Foundation loves about Charm Industrial
Charm’s approach to producing industrial hydrogen is unique, and allows to deliver carbon-neutral hydrogen reliably and cost-effectively. The idea is deeply rooted in research on a specially-chosen biomass crop, tightly coordinated farm operations, and a novel gasification system.
EQT Foundation applaudes science-based solutions to unsustainable industrial practices that have been taken granted for decades or centuries. We are super impressed with the identification and solution to a problem which is going to change the Earth – literally!
ThinQ is the must-bookmark publication for the thinking investor.
Do You Want to Know More?
Get in touch with us and take the first step to successive growth.
Get the Latest Updates
Subscribe to EQT Foundation's press releases and updates.