Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) has purchased carbon dioxide removal (CDR) credits from carbon capture, utilisation, and sequestration (CCUS) company 1PointFive.
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 carbon dioxide annually, making it the world’s largest DAC facility, according to 1PointFive.
Akira Kono, Representative Director, Executive Vice-President of NYK, highlighted the company’s decarbonisation efforts, noting its use of fuel-efficient vessels, and its adoption of low-carbon fuels like biofuels, and improving operational efficiency.
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