Altitude Expands Ascent 1 Financing Facility To 250,000t Carbon Removals – CleanTechnica

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Altitude has announced a five-fold expansion of its flagship carbon removal financing facility, Ascent 1, increasing its scope from 50,000 to 250,000 tonnes of carbon dioxide removal (CDR).

Launched earlier this year, Altitude: Ascent 1 was created to provide structured financing for high-integrity removal projects, with an initial commitment towards 50,000 t of CDRs. The expanded facility reflects Altitude’s view that the CDR market is ready for further growth and in need of larger, long term financing capabilities.

According to the company, the additional volume is intended to give developers access to stronger demand, improve price stability, and help accelerate the transition from mid-size projects to bigger industrial-scale operations. The program will continue to focus on durable removals, with portfolios based on methodologies by partners such as Puro and other verification platforms. It has availability to bring financing to CDR facilities globally, especially to facilities in the Global South.

Altitude says the expansion “marks another step forward for the carbon removal industry” by providing greater confidence to suppliers and buyers. Sebastien Dewarrat, CEO of ClimeFi, added that “the move strengthens financial stability across the sector.”

The Ascent 1 facility’s scale-up underscores both the growing momentum behind engineered biomass-based CDR and the challenges of delivering removals at commercial volumes. Ensuring rigorous measurement, permanence, and diversified portfolios will remain key as Altitude deploys the expanded program, and contributes to plus million ton per year CDR production.

In other CDR news, Syncraft’s climate-positive power plant in Waiern, Austria, quickly takes shape.