Japan’s All Nippon Airways (ANA) has signed a carbon dioxide removal (CDR) credit purchase agreement with carbon capture, utilisation, and sequestration specialist 1PointFive.
Under terms of a deal announced today (1st August), 1PointFive has agreed to sell 10,000 metric tonnes of CDR credits per year for three years from its direct air capture (DAC) plant currently under construction is Texas and set for start-up in 2025.
At the plant, 1PointFive will use Carbon Engineering’s DAC technology, which is designed to capture and remove large volumes of CO2 directly from the atmosphere. The CO2 captured for ANA will be sequestered in saline reservoirs that are used for oil and gas production.
The CO2 captured for ANA will be sequestered in saline reservoirs that are not used for oil and gas production.
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