JPMorganChase has signed a ten-year agreement with Graphyte to purchase 60,000 tonnes of durable carbon dioxide removal credits. The carbon removal will be generated using Graphyte's proprietary Carbon Casting technology, which permanently sequesters compressed biomass through engineered storage, according to Graphyte.
The credits will be delivered from two sources: the existing Project Loblolly in Pine Bluff, Arkansas, which issued 15,000 credits to customers in 2025, and a new project called Project Ponderosa, currently under development in Flagstaff, Arizona.
Project Loblolly currently supports 30 full-time jobs and processes agricultural and timber residues from local farmers and mill operators. Once operational, Project Ponderosa will use residual biomass from forest thinnings and is designed to reduce wildfire risk while restoring a former mine into wildlife habitat.
Graphyte noted its record of 100% on-time credit deliveries. JPMorganChase's Head of Operational Sustainability cited the potential for scalable carbon removal with additional community benefits.
