1PointFive strikes carbon removal deal with Palo Alto Networks

Carbon capture, utilisation, and sequestration firm 1PointFive has sold 10,000 tonnes of carbon dioxide removal (CDR) credits to Palo Alto Networks, a California-based cybersecurity company.

The CDR credits will be produced from STRATOS, 1PointFive’s large-scale direct air capture facility in Texas, which is set to come online later this year.

STRATOS is designed to capture up to 500,000 tonnes of CO2 annually, making it the world’s largest DAC facility, according to 1PointFive.

BJ Jenkins, President of Palo Alto Networks, said, “Collaborating with 1PointFive in this carbon removal credit agreement highlights our proactive approach toward exploring innovative solutions for a greener future.”

Palo Alto Networks aims to achieve net-zero emissions by 2040, with interim targets such as using 100% renewable electricity by 2030 and reducing Scope 1 and 2 emissions by 35% by 2027.

Michael Avery, President and General Manager of 1PointFive, said he looks forward to collaborating with the multinational cybersecurity company.

“This agreement continues to build momentum for high-integrity carbon removal, while furthering DAC technology to support energy development in the US,” he added.