Altitude Expands Ascent 1 Large-scale Financing Facility to 250,000t CDRs

Altitude is proud to announce the expansion of Ascent 1, its flagship Carbon Dioxide Removal (CDR) financing facility, from 50,000t to 250,000t CDRs. This bold step establishes Altitude as one of the world’s largest dedicated financiers of high-quality CDR credits and underscores its commitment to scaling durable carbon removal solutions.

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By combining long-term procurement agreements with Altitude’s proprietary structured purchasing strategy, Ascent 1 channels efficient capital into a focused portfolio of engineered and biomass-based CDR solutions. This expansion provides stronger price certainty, liquidity, and long-term stability for suppliers, enabling the next generation of large-scale carbon removal projects.

Daniel Benjamin Schulz, CEO at Altitude, said: “The expansion of Ascent 1 to 250,000t marks another step for the carbon removal industry. By working with our partners to multiply the initial facility size, we are sending a clear signal of demand and support to CDR suppliers—giving them the confidence to invest, scale, and deliver at the levels the climate challenge requires.”

Ascent 1’s expanded focus continues to prioritize biomass-based removal technologies, in partnership with leading CDR pioneers including Puro.earth, BioFlux, Carbon Drawdown Initiative and other international financiers. Through this facility, Altitude provides essential long-term price signals and purchasing commitments that help the market mature from pilot-scale projects to industrial deployment.

Sebastien Dewarrat, CEO of ClimeFi, added: “Altitude’s expansion of Ascent 1 sends exactly the right signal at the right time. This commitment to large-scale procurement strengthens financial stability for CDR suppliers and accelerates the industry toward true climate impact.”

With Ascent 1 now at 250,000t, Altitude is driving the next phase of CDR market development—bridging the gap from early projects to the industrial scale required for global decarbonization.

For CDR Suppliers

Altitude collaborates closely with certified supply-side partners and platforms to ensure integrity and scalability. See the full list of certified partners here.

For CDR Buyers

Carbon Removal Credits (CRCs) from Altitude: Ascent are available through Altitude-certified partners. See the list here.

About Altitude

Altitude is a pioneering CDR financier, enabling large scale Carbon Removal (CDR).