Meta is expanding its efforts to address supply-chain emissions by backing a new source of recycled plastic in the U.S.

The technology giant has signed a multi-year agreement with circular plastics startup MacroCycle Technologies to purchase environmental attribute certificates (EACs) linked to recycled polyethylene terephthalate (rPET) from MacroCycle’s first commercial plant in the Southeastern U.S.

The agreement gives MacroCycle long-term demand for its recycled PET and could help the startup secure financing for plant construction. The facility is expected to produce 5,000 tonnes of recycled PET annually.

For Meta, the deal provides another route to address emissions associated with plastics in its supply chain. For MacroCycle, it brings a major corporate buyer into the project as the company moves from developing its technology to commercial-scale production.

The agreement also arrives as the global plastics industry faces a major recycling gap.

Plastic Production Is Growing Faster Than Recycling

The need for additional recycling capacity is significant.

The OECD projects that global plastics production and use will increase from 435 million tonnes in 2020 to 736 million tonnes by 2040 under its baseline scenario. Meanwhile, recycled plastics would account for only about 6% of total plastics use by 2040.

That gap creates pressure on companies to find more ways to keep plastic in circulation.

PET is one of the more established recycling streams, but the U.S. market still faces challenges around collection, processing capacity, and demand.

The latest data from the National Association for PET Container Resources (NAPCOR) show that the U.S. PET bottle recycling rate fell to 30.2% in 2024 from 32.5% in 2023. However, the North American PET bottle collection rate reached 39.2%.

At the same time, recycled PET imports reached a record level in 2024, accounting for 23% of total rPET supply in the U.S. and Canada. Domestic sales of rPET also declined 3% from 2023.

So, while the industry is recovering more PET, the market still needs reliable domestic capacity and buyers for recycled material.

Meta Targets Supply-Chain Emissions With Lower-Carbon Materials

Meta reported a greenhouse gas footprint of about 8.2 million metric tonnes of CO₂ equivalent, with Scope 3 emissions accounting for 99% of the total. The company says most emissions are tied to suppliers, making its supply chain a key area for emissions reductions.

That gives lower-carbon materials a growing role in Meta’s climate strategy.

The company already prioritizes post-consumer recycled plastics and recycled metals, including copper, aluminum and steel, in data center IT hardware such as server racks. It is also exploring lower-carbon materials for packaging and transportation.

Now, Meta is applying a similar approach to recycled PET.

Devon Lake, Head of Net Zero Strategy at Meta, said:

“Reaching net zero means advancing lower-carbon solutions across our supply chain and in the materials we use. We have been working to address emissions across our supply chain on materials like cement and steel, and our early procurement of materials from these sectors helped pave the way for the maturing markets we see now. We hope this transaction with MacroCycle will have a similar outcome in the plastics market.”

The EAC agreement is therefore part of a broader effort to create demand for lower-carbon materials. At the same time, it gives MacroCycle a long-term commercial commitment that can support developing new recycling capacity.

MacroCycle Targets Hard-to-Recycle PET Waste

MacroCycle Technologies is targeting that opportunity with a different approach to recycling.

Founded in 2023 out of MIT and headquartered in Cambridge, Massachusetts, the startup has raised more than $10 million. Its early supporters include Breakthrough Energy, Clean Energy Ventures, and Volta Circle.

Unlocking SolvoGenesis

The company uses its proprietary SolvoGenesis platform, a solvent-based process designed to dissolve and purify PET while keeping the polymer chain intact.

That differs from conventional mechanical recycling, which can struggle with mixed, blended, or contaminated waste streams.

MacroCycle says its process can turn difficult PET waste into high-purity, virgin-quality recycled PET that can replace fossil-fuel-based material in applications such as packaging and textiles.

Stwart Pena Feliz, Co-Founder & CEO of MacroCycle Technologies, emphasized,

“Most recycling forces a trade-off: mechanical processes are cheap but degrade the material with every cycle and struggle with complex waste streams. Chemical processes that break PET all the way down to its monomers are energy-hungry and expensive.”

“SolvoGenesis sidesteps the tradeoff. We dissolve and purify PET while keeping the polymer chain intact, which is why we can take the mixed, blended, and contaminated waste that other processes reject and still come out with virgin-quality material at a fraction of the energy. The feedstock that is difficult for others to use is the feedstock we are built for.”

The company is now preparing to scale that technology commercially.

• SEE MORE: The Power of Plastic Credits: How Verra’s Waste Reduction Program Can End Global Plastic Pollution 

Meta’s EAC Deal Helps Create Demand

This is where the agreement becomes important for MacroCycle.

The company will generate third-party verified EACs from recycled PET produced at its first commercial plant. Meta will purchase those certificates over a multi-year period.

For an early-stage manufacturer, securing a long-term buyer can make it easier to finance new production capacity.

MacroCycle says Meta’s agreement provides the long-term product demand needed to help finance construction of its first American PET recycling and production plant.

The facility is expected to produce 5,000 tonnes of recycled PET each year. It will also create jobs through construction and ongoing operations while diverting PET and polyester waste from landfills and incinerators.

The structure also reflects a broader trend in clean manufacturing. Companies can use advance procurement and long-term purchasing agreements to support emerging technologies before they reach large commercial scale.

Meta has used similar procurement strategies in other lower-carbon materials markets, including cement and steel. The company hopes its partnership with MacroCycle can help create a similar market-development effect for plastics.

U.S. rPET Supply Creates Another Opportunity

The deal also comes as the U.S. recycled PET market faces a supply imbalance.

MacroCycle says the U.S. imports more than 40% of its virgin PET and more than 20% of its recycled PET. At the same time, domestic rPET capacity is shrinking.

NAPCOR’s data reinforces the importance of domestic capacity. Although U.S. PET bottle recycling remains above its previous decade average, rPET imports reached a record 23% of total supply in 2024.

That creates an opportunity for producers that can turn domestic plastic waste into recycled material for U.S. customers.

MacroCycle’s planned plant could help address both sides of the equation. It would divert PET and polyester waste from disposal while adding U.S.-based recycled PET production.

However, the first facility will still represent a relatively small share of the broader market.

MacroCycle Plans Larger Plants

MacroCycle sees the first 5,000-tonne facility as a starting point rather than an endpoint.

The company is working to secure additional buyers for its recycled PET. Future plants could produce as much as 50,000 metric tonnes of material annually, according to co-founder and CEO Stwart Peña Feliz.

That would give subsequent facilities a much larger role in the recycled PET market.

Meanwhile, for Meta, the agreement adds recycled plastic to its broader effort to reduce emissions across its value chain. With Scope 3 emissions making up nearly all of its reported GHG footprint, supplier-related emissions remain a major focus of that strategy.

The MacroCycle agreement will not solve the plastics industry’s recycling gap on its own. But it illustrates how corporate demand can help emerging recycling companies move toward commercial production.

All in all, as global plastic use continues to grow while recycled content remains limited, long-term procurement agreements could become an important source of demand for new recycling infrastructure.

• READ MORE: From Steel to Mass Timber: Meta’s Low-Carbon Data Center Makeover

The post Meta Backs U.S. Startup MacroCycle to Scale Recycled Plastic Capacity appeared first on Carbon Credits.

The United States and Argentina are building a new economic corridor to move critical minerals, energy, and other resources from Argentina’s interior to global markets.

The Andes-Atlantic Corridor, launched during United Nations General Assembly week in New York, will connect Argentina’s mineral-rich northwest and the Vaca Muerta energy basin with Atlantic ports and Western markets. The plan covers railways, waterways, ports, pipelines, power infrastructure, and digital networks. The U.S. and Argentina say the corridor is designed to reduce transportation bottlenecks and attract more private investment into mining and energy.

Critical minerals sit at the center of the initiative. Argentina has major lithium resources and a growing pipeline of copper projects, while the U.S. is looking to strengthen supply chains for materials used in batteries, electricity networks, electric vehicles and advanced technologies.

The move also brings a significant U.S. financing commitment.

EXIM Opens Door to Up to $7 Billion

Alongside the corridor, the U.S. Export-Import Bank (EXIM) signed a U.S.-Argentina Build the Future Framework.

The agreement could mobilize up to $7 billion in financing through 2027 for projects across critical minerals development and processing, energy security, grid modernization, digital connectivity, commercial space and advanced technologies.

Importantly, the $7 billion is not a single mining investment. Instead, it creates a broader financing framework that can support eligible projects across several strategic sectors.

EXIM Chairman John Jovanovic said:

“EXIM is moving boldly into the industries of the future. To do this, we must secure our supply chains, support American jobs, and ensure American workers, products, and expertise reach all parts of the Western Hemisphere. We’re proud to enter into such an important partnership with Argentina and excited to see our two countries grow together.”

The framework could also help Argentina develop its mineral resources using U.S. equipment, technology, and mining expertise. EXIM said the cooperation is consistent with its Supply Chain Resiliency Initiative, which focuses on critical minerals and rare earth elements.

For Argentina, the financing could help address one of the biggest challenges facing large mining projects: infrastructure.

Lithium and copper deposits are often located far from major ports. Better railways, waterways, and power infrastructure can make it easier and cheaper to move minerals from mining regions to processing facilities and export markets.

A G7 Infrastructure Corridor

The Andes-Atlantic Corridor is also part of the G7 Partnership for Global Infrastructure and Investment (PGII).

The U.S. and Argentina describe it as the first PGII corridor in the Western Hemisphere. The initiative joins a broader network of strategic infrastructure corridors backed through the G7 framework.

The G7 connection gives the project a wider supply-chain role. Rather than focusing only on individual mines, the corridor links mineral production with transportation, energy and digital infrastructure.

This approach is significant as countries try to diversify supplies of strategic materials and reduce exposure to concentrated supply chains.

The State Department said the corridor will help “strengthen supply chains for critical minerals and energy,” including lithium and copper.

• Access the factsheet here: United States and Argentina Launch Andes-Atlantic Corridor Fact Sheet – United States Department of State

Argentina’s Lithium Supply Could Become More Important

Lithium is one of the clearest opportunities.

Argentina is already a major global lithium producer, with most of its production coming from brine deposits in the Andes. The country produced about 23,000 metric tons of lithium in 2025, according to the latest U.S. Geological Survey data, while its reserves stood at roughly 4.4 million metric tons.

The country is also expanding its project pipeline. Better infrastructure could help new lithium operations reach export markets and connect more efficiently with international battery supply chains.

This is relevant to the U.S. because domestic lithium production remains limited. The 2026 USGS Mineral Commodity Summaries report said U.S. lithium production increased in 2025, but the agency withheld the exact production figure because of proprietary data concerns.

The United States therefore has an interest in developing additional reliable sources of lithium outside its borders while also expanding domestic production.

                   US Lithium data

Copper Adds Another Supply-Chain Link

Copper is just as important to the broader energy transition.

Electricity grids, electric vehicles, charging networks, renewable power projects and data centers all require copper. As electricity demand rises, access to new copper supplies is becoming an important part of infrastructure planning.

The U.S. produced approximately 1 million metric tons of recoverable copper in 2025, according to USGS data.

• However, the United States still relies on imports to meet part of its copper needs.

Here’s the complete data on US copper:

Argentina could provide another source.

The country has several large copper projects in the Andes, including projects that could eventually add significant new supply to global markets. Connecting these deposits to railways, ports, and reliable power could help move projects closer to commercial development.

The Andes-Atlantic Corridor specifically identifies copper and lithium among the critical minerals it aims to support.

Rare Earths Highlight the Processing Challenge

The U.S. is also trying to build more rare-earth capacity, which is used in permanent magnets, electric motors, electronics, defense systems, and other advanced technologies.

U.S. mines produced an estimated 51,000 metric tons of rare-earth-oxide equivalent in mineral concentrates in 2025, according to USGS. Production came mainly from Mountain Pass, California, while monazite was also recovered from mineral-sand operations in the Southeast.

But mining is only one part of the supply chain.

The United States is also working to expand processing and manufacturing capacity because critical minerals must be refined and converted into usable materials before they can support batteries, magnets, electronics, and other products.

This is why the EXIM agreement’s focus on development and processing is important. The framework is not limited to extracting minerals. It can also support infrastructure and technologies needed to move resources further through the supply chain.

• ALSO READ: USA Rare Earth (USAR) Stock Jumps 15% on $2.8B Brazil Rare Earth Acquisition, Giving Massive Boost to Western Supply Chains
• FURTHER READING: Texas-Based EnergyX’s Project Lonestar Signals a Turning Point for U.S. Lithium Supply 

Energy Is a Major Part of the Corridor

The initiative extends beyond minerals.

Argentina’s Vaca Muerta shale formation is another major focus, with the corridor intended to improve infrastructure connecting the energy basin to export markets. The U.S. and Argentina are also looking at pipelines, power infrastructure and ports as part of the wider strategy.

EXIM separately signed a term sheet related to Argentina LNG, with up to $6 billion in potential financing under consideration for the project.

That makes the Andes-Atlantic Corridor both a minerals and energy infrastructure initiative.

For the clean energy economy, the mineral side is particularly important. Lithium supports battery storage and electric vehicles, while copper is essential for expanding electricity networks. At the same time, Argentina’s energy resources could provide additional economic activity and infrastructure investment.

From Mineral Resources to Supply Chains

The significance of the Andes-Atlantic Corridor goes beyond the headline $7 billion figure.

Argentina already has important mineral and energy resources. The challenge is connecting those resources to infrastructure, financing, and global customers.

The new U.S.-Argentina framework attempts to bring those pieces together.

In conclusion, the next test will be project execution. The two countries now need to move from the framework to actual financing, construction, mining, and processing projects.

And this could determine how quickly the Andes-Atlantic Corridor becomes a meaningful part of the Western Hemisphere’s critical mineral supply chain.

• READ MORE: Trump Unveils $2 Billion Mining Push for US Critical Mineral Independence 

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Climate Week NYC 2026 has put a growing issue in the carbon dioxide removal (CDR) market under the spotlight: Can carbon removal projects actually deliver the tonnes they promise?

As CDR moves from early-stage development toward larger commercial projects, buyers and investors are looking beyond the quality of carbon removal credits. They also want to know whether projects can deliver the contracted volume on time.

This is where delivery risk comes in.

Relae, formerly Carbon Direct, and Microsoft are addressing the issue through the sixth edition of their Criteria for High-Quality Carbon Dioxide Removal. Released during Climate Week, the 2026 framework adds a dedicated approach for assessing delivery risk alongside carbon removal quality for the first time.

The change reflects an important shift in the CDR market. A project can use a credible removal method and meet quality requirements, but that does not automatically mean it will deliver the promised tonnes.

What Is Delivery Risk in Carbon Removal?

Delivery risk is the possibility that a CDR project will fail to produce the amount of carbon removal it has promised or fail to deliver it within the agreed timeframe.

The reasons can extend well beyond the underlying technology. A project could face construction problems, higher-than-expected costs, financing delays, supplier failures, weak project management or regulatory obstacles.

The new Relae-Microsoft framework therefore looks at delivery as a broader project-development challenge.

The TECOP Framework

Its delivery risk assessment covers five areas within a new framework called TECOP. It covers Technical, Economic, Commercial, Organizational, and Political risks.

These factors examine whether a project has the technology, financing, contracts, management capacity, and external conditions needed to move from development to actual carbon removal.

Importantly, the framework distinguishes between open-system and closed-system projects, recognizing that different CDR approaches face different execution risks.

A facility-based project, for example, may depend heavily on construction, equipment, and storage infrastructure, while an open-system project can face risks linked to land, feedstocks, field conditions, and decentralized operations.

This makes delivery risk broader than simply asking whether a technology works.

Why Delivery Risk Matters in the Current CDR Market

The timing of the new framework is significant because the CDR market is entering a more execution-focused phase.

The market expanded rapidly in 2025. CDR offtake volumes reached about 64 million metric tons, more than double the 30 million tonnes recorded in 2024, according to a 2025 market review. Durable CDR accounted for 29 million tonnes of that volume, up from 8 million tonnes a year earlier.

However, contracted tonnes are not the same as delivered tonnes.

• In the first quarter of 2026, durable CDR buyers contracted about 2.3 million tonnes, the strongest first quarter on record. Yet only about 145,000 tonnes were delivered during the quarter.

That gap illustrates why delivery has become a bigger issue for buyers. Developers may announce large future projects and sign long-term offtake agreements years before facilities or removal systems reach full-scale operations.

As commitments become larger, the consequences of delays also increase.

For buyers, delivery risk can affect when credits become available, how they plan their climate strategies and whether contracted tonnes arrive in the quantities expected. For developers, failure to meet commitments can affect financing, customer relationships and future contracts.

• LATEST: Climate Week NYC: Renewable Supply Gaps Grow as States Push Carbon Removal

Microsoft Shows Both the Scale and Concentration of CDR Demand

Microsoft’s role in the market makes the delivery question particularly important.

The company has contracted more than 78 million metric tons of CDR from more than 60 projects across 10 removal approaches, according to its January 2026 portfolio update. Microsoft said it was increasingly targeting near- to medium-term deliveries while maintaining longer-term purchases linked to its carbon-negative goal beginning in 2030.

This procurement strategy has helped provide developers with long-term demand signals. However, it has also contributed to a highly concentrated market.

• CDR.fyi estimated in April 2026 that Microsoft accounted for 78.5% of disclosed durable CDR tonnes contracted, equal to more than 36.4 million tonnes.

Diversification of the CDR Market

The market has continued to diversify outside Microsoft. Sylvera reported that disclosed non-Microsoft offtake volume increased 73% year over year in the first half of 2026 to 12 million tonnes, even as total disclosed offtake volumes fell sharply.

That creates an important backdrop for the new delivery framework. CDR developers are not only competing for buyers. They are also moving from contracts and project announcements toward actual construction, operations, verification and delivery.

Relae and Microsoft Have Tracked CDR Quality Since 2021

Relae and Microsoft first introduced the CDR quality criteria in 2021.

The criteria have been updated annually as scientific understanding, project experience and the voluntary carbon market have evolved. The 2026 edition draws on lessons from diligence conducted across hundreds of real-world projects and adds delivery risk as a distinct assessment area.

Relae says it conducted 170 additional diligence reports since the 2025 criteria. Its assessment has now covered more than 900 projects, with fewer than 10% meeting its threshold for high quality. More than 60 subject matter experts contributed to the 2026 update.

The purpose is not to replace the existing quality framework. Instead, delivery risk adds another layer to project assessment.

The basic questions for buyers now become:

• Is the removal scientifically credible?
• Does the project meet quality requirements?
• Can the developer actually deliver the contracted tonnes?
• What could prevent delivery, and how resilient is the project to those risks?

Six Principles Still Define High-Quality CDR

The delivery framework sits alongside the existing quality requirements.

The 2026 criteria continue to assess six core areas across CDR pathways:

• Social harms, benefits and environmental justice
• Environmental harms and benefits
• Additionality and baselines
• Measurement, monitoring, reporting and verification
• Durability
• Leakage

These principles focus on whether the carbon removal is credible and whether the project avoids significant environmental and social harms.

Delivery risk addresses a different part of the equation: whether the project can execute its plan.

This distinction matters because a project can satisfy quality requirements while still facing financing, construction, supply-chain or regulatory problems.

Direct Counterparties Are Part of the Delivery Equation

The updated criteria also place greater attention on direct counterparties.

These are organizations that developers depend on to generate and deliver carbon removal. They can include feedstock suppliers, landowners, transportation companies, storage providers, local implementation partners, and major offtakers.

For many CDR projects, these relationships are essential to the project’s operating model.

A biochar developer, for example, may depend on a consistent supply of biomass. A geological storage project may rely on transportation and injection infrastructure. Nature-based projects can depend on landowners and local implementation partners.

The 2026 criteria therefore call for greater due diligence on these relationships and consideration of whether counterparties could introduce social or environmental risks.

This expands project assessment beyond the company selling the carbon removal.

CDR Pathways Face More Detailed Scrutiny

The updated criteria also increase the level of scrutiny for individual CDR pathways.

• Enhanced rock weathering (ERW) faces stronger requirements around measuring actual carbon removal, managing potentially toxic elements, and protecting farmers. Projects are expected to use physical field measurements rather than relying solely on modeled results.
• Afforestation, reforestation and revegetation (ARR) projects face updated requirements around dynamic baselines and statistically matched controls. These changes are intended to improve confidence that measured removals represent genuine additional climate benefits rather than changes that would have occurred without the project.

The framework therefore continues to evolve alongside the technologies it evaluates.

• READ MORE: Microsoft Signs 650,000 Carbon Removal Credit Deal with BioCirc’s Denmark BECCS Project 

The Next Phase: From CDR Commitments to CDR Delivery

The biggest change in the market may be the growing importance of the gap between contracted tonnes and delivered tonnes.

CDR.fyi’s 2026 data shows that buyers outside Microsoft and Frontier accounted for only a minority of contracted durable CDR volumes but a much larger share of deliveries and retirements to date. This suggests that market activity looks different when measured by actual delivered tonnes rather than future commitments.

The trend also helps explain why delivery risk is becoming more important as the sector matures.

Large CDR contracts can provide developers with revenue visibility and help unlock project financing. But those contracts also create expectations around timing and volume.

The market now needs to demonstrate that contracted tonnes can move through the entire chain: project development, financing, construction, operation, measurement, verification and delivery.

Relae and Microsoft’s framework does not guarantee that a project will meet those milestones. Instead, it gives developers, buyers and investors a structured way to identify potential weaknesses before they become delivery failures.

For the CDR industry, that represents a shift from asking whether carbon removal can work in principle to asking whether projects can execute at commercial scale.

The discussion at Climate Week NYC reflects this next phase. Carbon removal is no longer only about developing better technologies or securing large offtake agreements. It is increasingly about building projects that can deliver measurable, durable, and high-quality tonnes at the scale and time promised.

• READ MORE: New CDR Report Sounds Alarm on 5.2-Billion-Tonne Carbon Removal Gap by 2050 

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Brazilian carbon removal company Mombak has reached the first close of its second reforestation fund, targeting $150 million to finance restoration projects in the Amazon. At the same time, Mombak has signed a multi-year carbon removal purchase agreement with Salesforce, adding another major corporate buyer to its growing customer base.

The amount raised in the first close was not disclosed. The new fund also has access to a R$200 million credit line, worth about $38.9 million, from Brazil’s Climate Fund, operated by state development bank BNDES.

Mombak has already attracted major buyers including Google, Microsoft and McLaren Racing. The new Salesforce agreement is significant. It brings in another big corporate buyer and comes as demand for better carbon removals grows.

The company is starting its second major funding cycle. It used its first $120 million fund to support restoration in the Brazilian Amazon.

Mombak Opens Its Second $150M Amazon Fund

Mombak’s Amazon Reforestation Fund II will invest in projects that restore degraded land in the Brazilian Amazon. The company did not disclose the size of the first close or the investors involved. Its target is to raise up to $150 million.

The fund also has access to a R$200 million BNDES credit line. The funding comes through Brazil’s Climate Fund, a government climate-finance program managed through BNDES’s lending operations. The fund supports projects that reduce greenhouse gas emissions and help Brazil adapt to climate change.

Mombak could access nearly $189 million in potential capital from the equity fundraising target and credit facility. However, they haven’t raised the full $150 million target yet, and the credit line is debt, not equity.

The new funding comes as Brazil tries to expand forest restoration and attract more private capital into nature-based climate projects.

BNDES announced in June that R$834 million in new Climate Fund projects will help restore over 65,600 hectares. This includes planting more than 108 million native trees and creating over 27,000 green jobs.

Mombak is therefore part of a much wider push to use public finance to bring more private money into Brazilian forest restoration. Gabriel Haddad Silva, CEO of Mombak, noted:

“The market spent years asking whether high-integrity reforestation could actually deliver. We answered that with our first deliveries ahead of schedule. Now, we are scaling our operations, with renewed support from investors, customers and BNDES.”

The First Fund Planted Nearly 15 Million Native Trees

Mombak’s first reforestation fund raised $120 million from investors including an AXA fund, CPP Investments and Bain Capital. The funding supported restoration projects across 15 Amazon farms, where Mombak has planted nearly 15 million native trees.

The company has also begun delivering actual carbon removal credits.

In August, Mombak announced its first issuance of more than 21,000 tonnes of CO2 removals from native, biodiverse reforestation projects in the Amazon. The credits were certified by Isometric using a Core Carbon Principles-approved protocol. They were delivered over two years early.

Early delivery is notable because delivery delays have been a major problem in the voluntary carbon market. It also gives Mombak a track record to show potential investors and buyers before it scales its second fund.

Mombak expects a much larger issuance of about 80,000 tonnes of reforestation carbon removal credits by the end of 2026. These figures are issued or expected credits, not the total amount of carbon that the company’s new fund could eventually generate.

• SEE MORE: Brazil’s Mombak Delivers Amazon Carbon Credits Early, Giving Google a Climate Win

Salesforce Expands Its Carbon Removal Buying

The Salesforce agreement adds another major technology company to Mombak’s buyer base. The company has buyers like Google, Microsoft, and McLaren Racing. Earlier deliveries also went to McKinsey & Company, Bain & Company, Climeworks, Commons, and Union Square Ventures.

The financial value and volume of the new Salesforce agreement were not disclosed.

Salesforce is already an active buyer of carbon removals. Its FY2026 Stakeholder Impact Report says the company contracted 41,000 tonnes of carbon dioxide removal across six different pathways during the year. It also maintained a commitment to compensate for 100% of its annual emissions with high-quality avoidance and removal credits.

Salesforce’s climate strategy also includes direct emissions cuts. The company saw a 66% drop in Scope 1 and 2 market-based emissions compared to FY2019. It also achieved a 67% reduction in Scope 3 market-based emissions intensity.

That distinction matters. Carbon removals are being used alongside emissions reductions, not as a substitute for them.

Nature-Based Removals Are Scaling Fast 

Mombak’s expansion comes as corporate demand for carbon removals is growing, although the market remains concentrated.

CDR.fyi reported that durable carbon removal purchases excluding Microsoft and Frontier-linked buyers grew at a 151% compound annual rate from 2021 to 2025. Deliveries grew at a 131% annual rate over the same period.

Nature-based removals remain a much larger market than many engineered carbon removal technologies.

CDR.fyi‘s 2025 market survey found that about 11 million tonnes of nature-based removal credits were retired in 2024, compared with roughly 200,000 tonnes of durable engineered CDR. It also found that buyers expected nature-based removals to remain the larger category in the near term.

The broader carbon market is also attracting more investment. MSCI estimates that capital in the global carbon credit market hit $22 billion in 2025. This is up 72% from 2024 and over five times the level in 2021. The research points to growing use of long-term financing and offtake agreements to secure future carbon supply.

That model is especially important for reforestation. Projects need large amounts of capital before trees grow and begin generating verified removal credits.

BNDES Sees Demand Broadening Beyond Big Tech

Mombak’s new fund also comes as the buyer base for carbon removals could become more diverse. Technology companies have been major early buyers because of their growing emissions from data centers and AI infrastructure. But BNDES officials said that demand is also increasing from oil, mining, and steel companies.

Mombak’s CEO, Gabriel Silva, said better reforestation methods and higher productivity are lowering costs. This could make carbon removals appealing to more buyers. This could be important for Brazil.

The country has large areas of degraded land that could potentially support restoration, while its emerging carbon market is creating new ways to finance climate projects.

But voluntary reforestation credits remain different from credits issued under Article 6 of the Paris Agreement. Mombak’s current business is focused on voluntary carbon removal purchases. Its credits should not automatically be treated as internationally transferred mitigation outcomes.

Can Mombak Turn Fresh Capital Into Carbon Removals?

Mombak’s new fund combines three important parts of the carbon market: long-term investment, corporate offtake agreements and physical restoration.

The first fund showed that Mombak could attract institutional capital, plant millions of native trees and deliver its first credits earlier than planned. The second fund aims to take that model to a larger scale.

The challenge now is turning financial commitments into measurable and lasting carbon removals. Forest projects need strong land rights, long-term monitoring, credible carbon measurement and safeguards against reversal from fire, drought and other risks.

The market also needs more buyers. The Salesforce agreement helps on that front by adding another major corporate customer to the sector. Mombak’s wider buyer base suggests that demand is beginning to spread beyond a small group of technology companies.

For Brazil, the opportunity is larger still. BNDES is using public financing to help attract private capital into forest restoration, while companies such as Mombak are building commercial models around carbon removal.

The key test will be whether Mombak and other developers can turn that capital into verified, durable carbon removals at scale while delivering wider benefits for Brazil’s forests and communities.

• READ MORE: Costa Rica’s Forests Deliver 10.3M Tons of Net Removals in UN-Backed REDD+ Review

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