Carbon capture, utilisation, and sequestration specialist 1PointFive has signed a three-year carbon dioxide (CO2) removal credit deal with the Boston Consulting Group (BCG).
Under the terms of the agreement, BCG will purchase 21,000 metric tonnes of CDR credits.
The CDR credits will be enabled by Stratos, 1PointFive’s first industrial-scale direct air capture (DAC) facility. Currently under construction, Stratos is designed to capture up to 500,000 tonnes of CO2 per year and is scheduled for start-up in mid-2025.
Michael Avery, President and General Manager of 1PointFive, said, “We are pleased to enter into this strategic agreement with BCG. It builds on our existing partnership and reflects our shared commitment to the climate and the importance of DAC as an industrial-scale, durable, and verifiable carbon removal solution.”
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