Building tomorrow's supply of carbon removal
Time is an asset we value above all else. Especially when it comes to climate. We've kept our executive summary brief. If you would like to learn more please schedule a meeting with the link provided.
Today, generating profits is equal to generating emissions. We aim to change that. Recapture is a utility-scale provider of high-quality carbon dioxide removal (CDR). Our systems-designed project development approach represents an industry standard for rapid deployment of bankable carbon removal projects that generate a reliable and abundant supply of carbon credits, positive financial returns, and scalable impact. Recapture’s deployment model is built on the insight that in order for carbon projects to be bankable and scale to Gigaton volumes, we need to utilize natural or engineered technologies that can produce commodities which store embodied CO₂ while generating positive financial returns from the sale of the commodity into large markets that already exist.
We provide large enterprises and climate finance investors with a predictable, more guaranteed supply of carbon removal at a profit vs traditional cost-based models. Recapture simplifies the carbon removal investment process for large corporates and climate finance investors by providing access to turnkey, ready-to-remove projects. By managing a complex choreography that includes acquiring and rehabbing degraded farmlands, carbon project registration and design, renewable energy implementation and resource-optimized groundwater infrastructure prior to investment, we're able to drive operational efficiency from investment to harvest and carbon credit issuance.
Background
Recapture was born in 2019. Our founding team is comprised of serial operators who have been working on moonshots in the carbon space long before that including experience with Virgin Unite, Carbon War Room, B-Team, Rocky Mountain Institute, and the Climate Smart Accelerator. This global experience, especially in the LATAM region, has allowed us to streamline our ambition to become the world's largest CDR project developer by credit issuance.
One in five of the world’s 2,000 largest publicly listed companies have now committed themselves to a net-zero emissions target, along with countries responsible for 61 percent of global GHG emissions.
The annual market demand for CDR (based on current climate commitments) is in excess of 2 billion tons of carbon dioxide equivalent (tCO₂e) per year (and growing). The current market supply of verified carbon removal is 20 million tons per year and needs to grow by more than 100 times just to meet current demand.
Recapture is capitalizing on one of the largest market inefficiencies in history: the accelerating gap between net-zero aspirations in the tens of billions of tons annually and the limited supply of carbon removal in the tens of millions.
The carbon gap is not a software problem nor will it be solved by one technology or company alone. The system of donations into cost-prohibitive engineered carbon removal pilots from big purchasers with large marketing budgets sets the precedent, but will not be enough to scale the market to the level necessary. We understand the need for traditional finance in planetary decarbonization and have been focused on creating a project development model that yields non-concessional returns and community impact for investors.
The Platform for CDR Project Deployment
Technology companies are not project developers and do not have that skill set developed internally. Every company who has received venture investment will need a high-quality project developer to bring their technology online and scale it. We are building that platform, the platform on which every technology developer will depend. Being the true gateway to CDR project deployment holds more value than the technology itself in the end. There is likely more differentiation to high quality carbon project development than there is to carbon removal technologies.
This isn’t going to come down to a single, or even a handful, of technologies. It’s going to come down to who can bring corporate and institutional investors into the market.
Our First Project Is Underway
Our first product, the Terra Nova Series, utilizes Recaptures proprietary Climate-Smart Forestry operations model to remove CO₂ at a rate 10x more efficient than any standard reforestation project in existence. After just two years of development, our first project in the Terra Nova Series (TN1), will reach its full kiloton annual removal capacity by January 2023.
Terra Nova One
Finca Chivilme, Salta, AR
Annual Removal Capacity: 1 kiloton
The 15 acre pilot is projected to generate $8 million in returns and remove 25 kilotons of CO₂ on 75 acres of degraded farmland that we own and operate in Salta, Argentina.
Client Pipeline of 250M Tons
With zero marketing spend or sales team, we have a pipeline of 250M+ tCO₂e. These include logos like Apple, Virgin Voyages, Booking.com, Devon Energy, Estée Lauder, ICF International, and the InterAmerican Development Bank among others.
Distribution Partnerships (Europe, UK, USA & Canada)
We're preparing to scale our sales into Terra Nova 2 through partners who advise our future customers on net zero strategy. We have signed paid-partnership agreements with the Applied Negative Emissions Centre in the UK, ICF International in the USA and Europe, and 86-4 in Canada.
First Ever Report on Fortune 500 Emissions
Earlier this year we released the first-ever report estimating emissions of the Fortune 500, which includes insights on the carbon reporting behavior of all F500 companies, their impact on global emissions, and the most complete data set on the carbon footprint of the some the world's largest public companies. The insights from our report have been used to influence recent SEC and California emissions disclosure proposals. See the report.
We are building the global backbone for carbon project deployment.
CDR projects will need to be rapidly deployed with verifiable quality and operational success to meet market demand in the coming years. This is a space that is going to be defined by availability of capacity, operational success and unit economics (can you generate credits at a viable cost or profit). None of this has anything to do with a single technology, it’s all about execution. That is what we are laser focused on.
Recapture is one of a handful of companies that has successfully executed on a kiloton or larger CDR projects using efficient enough capture and storage methods to scale to Paris Climate Targets. We will be the platform upon which economically viable CDR technologies can be rapidly deployed at global scale as they come online.
Our Ambition: To Become the Largest Carbon Removal Project Developer On Earth
Our near-term goal is to reach Megaton annual removal capacity in five years by putting 20,500 hectares of land under management. By all estimates this will render a $1B+ enterprise value for our core business. After executing on this goal we will seek to be the first CDR project developer to reach Gigaton annual removal within two decades.
Phil has worked with companies of all sizes worldwide, including Virgin Group, Marvell, Carbon War Room, Rocky Mountain Institute, and Rockefeller Foundation, to grow their impact through behavior change and meaningful, enduring design. He has launched multiple award-winning consumer products for growing food and has been involved in developing 45,000 hectares of conservation finance projects throughout South America. He has also helped raise $260M+ for early-stage ventures he strongly believes in.
Trey Pringle is an international business professional, software developer, and serial company builder who founded his first venture out of college and grew it into a profitable multi-million-dollar business with locations in the US and South America. He is an experienced CEO who has built and launched products in global markets as well as advised and invested in over 15 companies. He has lived in South America, where he co-founded the OSO Accelerator in Santiago, Chile to support entrepreneurs solving challenges for the LATAM market.
