• Sumitomo Corporation agreed with US startup Graphyte to form a US carbon dioxide removal joint venture.
• Sumitomo will hold 49%; Graphyte 51%; venture to develop and sell carbon dioxide removal credits.
• Initial focus on Graphyte’s “Loblolly” project in Arkansas using rice hulls; expansion targets 50,000 metric tons of CO2 removed annually.
• Carbon Casting process seals compressed biomass residues underground; targets sequestration durability of more than 1,000 years.
• Plan calls for additional North American projects; aims to supply credits to customers including NYK Line.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sumitomo Corporation published the original content used to generate this news brief on June 04, 2026, and is solely responsible for the information contained therein.