Tag: PointFive

HOUSTON and TORONTO – WEBWIRE – Wednesday, November 1, 2023 1PointFive, a carbon capture, utilization and sequestration company, and TD Bank Group (TD), today announced a purchase of carbon dioxide removal (CDR) credits from STRATOS 1PointFives first Direct Air Capture (DAC) plant currently under construction in Texas. Under the terms of the agreement, and subject to STRATOS becoming operational, TD Securities has agreed to purchase 27,500 metric tons of DAC CDR credits over four years. This represents one of the largest purchases of DAC CDR credits by a financial institution and demonstrates TDs continuing strategic focus on energy transition. STRATOS ... Read more

The 250,000-metric-ton Direct Air Capture credit removal purchase is the technology industrys largest agreement with 1PointFive HOUSTON – WEBWIRE – Tuesday, September 12, 2023 1PointFive, a carbon capture, utilization and sequestration company, today announced that Amazon (NASDAQ: AMZN) has agreed to purchase 250,000 metric tons of carbon dioxide removal (CDR) credits over 10 years. The agreement furthers Direct Air Capture (DAC) as a viable carbon removal solution to help organizations further their climate goals. The CDR credits for Amazon will be enabled by STRATOS, 1PointFives first commercial-scale DAC plant, currently under construction in Texas. The plant is designed to capture ... Read more