Published by Todd Bush on July 10, 2024
HOUSTON, July 09, 2024 (GLOBE NEWSWIRE) -- 1PointFive, a carbon capture, utilization and sequestration (CCUS) company, today announced it has entered into an agreement with Microsoft to sell 500,000 metric tons of carbon dioxide removal (CDR) credits over six years to support Microsoft’s carbon removal strategy. The agreement is the largest single purchase of CDR credits enabled by Direct Air Capture (DAC) to date and highlights the increasing adoption of this climate technology as a solution to help organizations achieve net-zero emissions.
>> In Other News: Liquid Wind and Uniper Enter Into Strategic Partnership to Accelerate the Development of efuels
The CDR credits for Microsoft will be enabled by STRATOS, 1PointFive’s first industrial-scale DAC facility currently under construction in Texas. Under the terms of the agreement with Microsoft, which has committed to becoming carbon negative by 2030, the captured carbon dioxide (CO2) underlying the credits will be securely stored through subsurface saline sequestration and will not be used to produce oil and gas. Direct Air Capture provides a transparent and durable way to address emissions on a large scale, particularly from hard-to-abate industries.
“We are excited about this landmark agreement for Direct Air Capture, which is a result of Microsoft’s leadership in carbon removal and focus on building a more sustainable future,” said Michael Avery, President and General Manager of 1PointFive.
“A commitment of this magnitude further demonstrates how one of the world’s largest corporations is integrating scalable Direct Air Capture into its net zero strategy. Energy demand across the technology industry is increasing and we believe Direct Air Capture is uniquely suited to remove residual emissions and further climate goals.”
“We’re very pleased to announce this deal with 1PointFive, a pioneer in the Direct Air Capture space, which is building the largest DAC project worldwide. To achieve the gigatons of removals needed this century, first-of-a-kind projects like STRATOS are essential to move from pilots to scale. DAC plays an important role in Microsoft’s carbon removal portfolio supporting our broader goal of becoming carbon negative by 2030,” said Brian Marrs, Senior Director for Carbon Removal and Energy at Microsoft.
1PointFive is a Carbon Capture, Utilization and Sequestration (CCUS) company that is working to help curb global temperature rise to 1.5°C by 2050 through the deployment of decarbonization solutions, including Carbon Engineering's Direct Air Capture and AIR TO FUELS™ solutions alongside geologic sequestration hubs. Visit 1PointFive.com for more information.
AIR TO FUELS™ is a registered trademark of Carbon Engineering ULC.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🚢 Clean Fuels, Clear Skies: How Maritime Shipping Is Turning to Hydrogen, Ammonia, and Carbon Capture 🧪 Carbon Capture Could Become Practical with Scalable, Affordable Materials ...
Inside This Issue 🗑️ The Next Big Thing in Carbon Capture? Trash. ⚡ Hydrogen Hope on the Chopping Block: How ARCHES and Other Blue-State Projects Got Caught in the Crossfire 📊 GEP Expands Carbon D...
Inside This Issue 🔧 America Bets Big on Blue Hydrogen: Inside the Engine Revolution Backed by Top Institutions 🤖 Bringing AI to Carbon Capture: How Imperial College is Revolutionising Plant Operat...
Carbon Capture Could Become Practical with Scalable, Affordable Materials
Researchers can pull carbon directly from the air using changes in humidity, now with inexpensive materials The Problem Atmospheric CO₂ continues to increase and, despite considerable worldwide e...
Frontier Signs Deal to Remove 100,000 Tonnes of Carbon Emissions from Garbage Incineration
Frontier, a carbon removal buyer coalition, announced that it has facilitated purchases of 100,000 tons of carbon removals to be generated between 2029 and 2030, through the abatement of emissions ...
ClearSign Technologies to Present at the LD Micro Main Event XVII
TULSA, Okla., April 4, 2025 /PRNewswire/ – ClearSign Technologies Corporation (Nasdaq: CLIR) ("ClearSign" or the "Company"), an emerging leader in industrial combustion and sensing technologies tha...
Zefiro Founder and CEO Appears on Orphan and Marginal Wells Panel in Fort Worth, Texas Led by JPMorganChase Head of Operational DecarbonizationThe annual event, which is hosted by the Neeley School...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.