Aerospace giant Airbus has pre-purchased the capture and permanent sequestration of 400,000 tonnes of carbon dioxide (CO2) from 1PointFive’s direct air capture (DAC) facility, featuring Carbon Engineering’s proprietary technology.
1PointFive, a subsidiary of Occidental’s Oxy Low Carbon Ventures business, on Thursday (17th March) announced the purchase deal that will see 100,000 tonnes of CO2 from the atmosphere purchased each year for the next four years by Airbus.
Through the carbon removal credits programme, Airbus will be able to better support the decarbonisation of both the aviation industry and the wider world.
Michael Avery, CEO of 1PointFive, said, “We’re proud to partner with Airbus on an enormous opportunity to help the aviation industry and other hard-to-abate sectors decarbonise.”
... to continue reading you must be subscribed