JPMorganChase entered a 10-year supply agreement with Arkansas-based Graphyte to purchase 60,000 tons of durable carbon dioxide removal (CDR) credits generated from biomass sequestration projects. The credits will be sourced from Graphyte’s Project Loblolly in Arkansas, which processes agricultural and timber residues, and its upcoming Project Ponderosa in Flagstaff, Arizona, utilizing forest thinning residues to restore a former mine site. Graphyte’s Carbon Casting technology compresses biomass into dense carbon blocks sealed in impermeable polymer barriers for permanent underground storage, capturing nearly all carbon with minimal energy use. The agreement underscores JPMorganChase’s commitment to high-quality, scalable carbon removal solutions, aligning with its broader climate strategy and operational emissions targets. Barclay Rogers, Graphyte’s CEO, highlighted the deal as evidence of growing corporate confidence in durable CDR solutions that are both scientifically robust and economically viable. Taylor Wright, JPMorganChase’s Head of Operational Sustainability, emphasized the dual benefits of addressing emissions while creating economic opportunities for local communities.