New Commercial-Scale Carbon Capture Plant Announces First Customer Contracts
Advanced Technology Facility Secures Multi-Year Agreements with Fortune 500 Partners, Marking Milestone in Scalable Carbon Removal
HOUSTON, Nov. 21, 2025 — CarbonVerde Solutions today announced its first commercial-scale carbon capture facility has signed definitive agreements with three major industrial customers, representing more than 1.2 million metric tons of annual CO₂ removal capacity in what industry analysts call a watershed moment for engineered carbon removal deployment.
The Bancroft Station facility, located southeast of Houston, will commence operations in Q2 2026, capturing 95% of CO₂ emissions from a combined-cycle natural gas power plant using proprietary amine-based solvent technology. The company’s inaugural customers include a leading data center operator, a multinational chemical manufacturer, and a major food processing conglomerate, each securing 10-year offtake agreements for verified carbon removal credits.
The agreements arrive as the engineered carbon removal market demonstrates unprecedented momentum. According to recent market analysis, the total volume of engineered carbon dioxide removals sold grew 66% year-over-year in 2024, with average deal sizes expanding 155% as corporate buyers increasingly pursue large-scale, long-term contracts. This trend has accelerated into 2025, with transaction volumes increasing 289% in the first two months alone. Learn more about these market dynamics from Carbon Capture Magazine’s latest industry report.
“This isn’t a pilot project—it’s a fully operational facility designed for immediate integration into existing industrial infrastructure,” said Dr. Elena Vasquez, Chief Executive Officer of CarbonVerde Solutions. “Our first customers are sophisticated buyers who conducted rigorous technical due diligence. They’ve validated that our solution delivers both environmental integrity and economic viability at commercial scale.”
The Bancroft Station employs next-generation modular capture units that reduce energy consumption by 40% compared to conventional systems, while utilizing waste heat from power generation to drive the CO₂ separation process. Captured emissions will be transported via pipeline to secure geological storage formations located 2.4 kilometers underground in EPA-certified Class VI wells, ensuring permanent sequestration verified by third-party monitoring protocols.
Industry experts note the significance of multi-customer contracts for a single facility. “Aggregation models that serve multiple offtakers demonstrate the maturation of carbon capture as a service,” explained Dr. James Reynolds, carbon markets analyst at the Center for Climate Policy. “This structure de-risks investment and creates the economies of scale necessary to drive down costs below $50 per metric ton by 2028.”
The announcement follows Google’s October 2025 commitment to purchase power from the Broadwing Energy CCS facility in Illinois, which validated corporate demand for dispatchable low-carbon energy. CarbonVerde’s model diverges by directly selling verified carbon removal credits rather than power, appealing to companies seeking to neutralize hard-to-abate emissions in their supply chains.
CarbonVerde Solutions is a privately held carbon management technology company founded in 2022 by veterans of the energy and chemical processing sectors. The company has raised $240 million in Series B funding from institutional investors including Breakthrough Energy Ventures and climate-focused infrastructure funds.
About CarbonVerde Solutions
CarbonVerde Solutions develops, owns, and operates commercial-scale carbon capture and storage facilities that provide verified carbon removal services to corporate clients. The company’s proprietary technology platform combines advanced solvent chemistry with modular process design to deliver cost-effective, scalable CO₂ sequestration for hard-to-abate industrial sectors. With a development pipeline of eight additional facilities across the Gulf Coast region, CarbonVerde is positioned to capture and permanently store more than 10 million metric tons of CO₂ annually by 2030.
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