Amazon has agreed to purchase 250,000 tonnes of carbon dioxide removal (CDR) credits over 10 years from 1PointFive. The agreement will see the online shopping giant put its faith in Direct Air Capture (DAC) as a viable carbon removal solution to further climate goals.
The CDR credits for Amazon will be enabled by STRATOS, 1PointFive’s first commercial-scale DAC plant, currently under construction in Texas. The plant is designed to capture up to 500,000 tonnes of CO2 annually when fully operational, making it the largest plant in the world.
Under the agreement with Amazon, the captured CO2 underlying the CDR credits will be stored in saline reservoirs that are not associated with oil and gas production.
"Amazon’s purchase and long-term contract represent a significant commitment to Direct Air Capture as a vital carbon removal solution,” said Michael Avery, president and general manager of 1PointFive. "The addition of 1PointFive’s high-integrity, quantifiable carbon removal credits support Amazon’s path to achieve net-zero and shows the growing role that DAC technology will play in decarbonisation pathways.”
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