JPMorganChase has signed a 10-year agreement with Arkansas-based Graphyte for 60,000 tonnes of durable carbon dioxide removal credits, with deliveries drawn from biomass residues sourced directly from timber mill operators and agricultural producers. That is according to Graphyte, the carbon removal company founded in 2023, whose Carbon Casting technology permanently sequesters compressed biomass through engineered underground storage.
Credits will be delivered across two US projects: Project Loblolly, already operational in Pine Bluff, Arkansas, and Project Ponderosa, currently under development in Flagstaff, Arizona. Axios confirmed the 60,000-tonne commitment is the largest publicly known purchase in Graphyte’s history, broadly in line with mid-sized carbon removal agreements JPMorgan has struck with other suppliers across its portfolio.
Project Ponderosa will source residual biomass from forest thinnings across the Flagstaff region, reducing wildfire risk whilst restoring a former mine as wildlife habitat. The project is designed to create a commercial offtake market for forest thinning material, a residue stream that has lacked a scalable pathway until now.
Project Loblolly draws agricultural and timber residues from local farmers and mill operators, supports 30 full-time jobs in Pine Bluff, and is preparing to convert a former gravel mine into a community park. The facility issued 15,000 CDR credits to customers in 2025, with Graphyte maintaining a 100 per cent on-time delivery record across all commitments to date, as ESG Dive reported.
“Given its track record of 100% on-time credit deliveries, Graphyte can help organisations incorporate high-quality carbon removal into their strategy for addressing operational emissions,” said Barclay Rogers, CEO of Graphyte, who added the deal demonstrated “the growing confidence and momentum behind CDR solutions that are not only scientifically robust, but also immediately deployable and economically viable.”
Taylor Wright, Head of Operational Sustainability at JPMorganChase, said the bank was “focused on supporting the development of high-quality, durable carbon removal solutions that can both scale over time and have potential benefits beyond carbon removal,” describing Graphyte’s sequestration of residual carbon-rich biomass as “an innovative pathway to address emissions while generating economic opportunities for communities.”
The agreement is the latest in a series of carbon removal purchases by JPMorganChase spanning direct air capture and biomass-based removal, as Bioenergy Insight noted. Graphyte was also named among Time magazine’s America’s Top GreenTech Companies of 2026 in the days before the announcement.
Project Loblolly delivered 15,000 CDR credits to customers in 2025 without a single late delivery, a record that Rogers says forms the commercial foundation on which JPMorganChase’s ten-year, 60,000-tonne commitment now rests.
