Amazon.com, 1PointFive announce 10-year carbon removal credit purchase pact

1PointFive, a carbon capture, utilization and sequestration company, announced that Amazon has agreed to purchase 250,000 metric tons of carbon dioxide removal credits over 10 years. The agreement furthers Direct Air Capture as a viable carbon removal solution to help organizations further their 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 metric tons of CO2 annually when fully operational, making it the largest plant in the world, and a milestone in reaching climate relevant scale. 1PointFive is progressing the development of Carbon Engineering’s Direct Air Capture technology, alongside other decarbonization solutions, at an industrial scale to help organizations achieve their net zero goals. 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.