“I never envisioned myself starting a company. Yet, there comes a time when someone has to step up, and I believe now is that time.”
8th April, 2024: Today’s Atmospheric CO2 level: 425.67ppm
The Problem:
Picture a bright new tech employee with a surefire future, yet they can't get a mortgage because they just started their career. This is the predicament many CDR developers face: they hold contracts rich in potential but confront formidable financial hurdles.
By aggregating a group of them, together we are stronger with bigger volume and lower risk.
What sets us apart:
Others may focus on expanding the market, but at Seoi.Cure CDR, we're laying the very financial groundwork necessary for the CDR sector. We're not just participating; we're leading by introducing time-tested financial strategies.
We're amassing durable carbon removal credits so that they reach a critical mass, akin to constructing a mortgage-backed securities framework for the carbon removal market. The market lacks adequate in-house financial acumen paired with a commitment to developing the innovations it truly needs.
It frustrates me to witness such a perfect synergy between the high-quality cash flows of durable CDR developers and credit lenders searching for their next big investment. The situation is often likened to 'crypto in 2009'—it's an era ripe with opportunity and necessitates astute risk management.
After a decade in investment banking, it's evident to me that traditional methods will not suffice to scale the CDR industry within the crucial next ten years. We are merely six years shy of 2030, and the task at hand transcends polished platforms, comprehensive datasets, or influential figures' dialogues at conferences.
Now is the time to construct robust, repeatable, and scalable financial structures that truly work. The challenge is immense, but my resolve is steadfast. There is nothing I am more committed to than actualizing our vision: to facilitate 10Gt of CO2 removal annually and achieve our goal of reducing the cost to $100 per ton.
I hope this mission has now become as personal to you as it is to me.
Join us as we lay the foundation for a greener, more resilient future. Together, we can address the scale-up challenge head-on and enable CDR technologies to realize their gigaton-scale potential. The path ahead is bright, and with your support, Seoi.Cure CDR will spearhead the journey toward a sustainable world for all our successors.
With hope and determination,
Lydia Chen
Founder, Seoi.Cure CDR
Writing on 8th Apr, 2024, Atmospheric CO2 level: 425.67ppm
Atmospheric CO2 level in 1841: 283.70ppm
Dear friend,
Welcome, I'm Lydia, the founder of Seoi.Cure CDR. The word "水Seoi" (pronounced as “se”) echoes 'water' in Cantonese, representing the liquidity and life-giving force we aim to channel into the Carbon Dioxide Removal (CDR) space by marrying structured finance with vital carbon removal efforts.
This endeavor is deeply personal to me, and I hope that by the end of this letter, it will resonate with you just as strongly. At Seoi.Cure CDR, we are harnessing my extensive experience in structured finance and securitization to tackle one of the most pressing challenges of our time—carbon dioxide removal from our atmosphere.
Despite trained as a structured finance banker, I’m lucky enough to witness the booming CDR market boom in the right time in the right way, lucky enough to have been involved in the vibrant ecosystem for the last 12 months.
The structured finance market has never lacked innovation and financing structure to be deployed to a new and booming market, they are just waiting for the right time. With the durable carbon removal credit market rocketed 7.3x in 2023, it’s time for us to use the proven and readily available financing instrument to channel funding to the right place.