Carbon capture, utilisation and sequestration (CCUS) business 1PointFive has signed a carbon dioxide removal (CDR) credit agreement with Bain & Company, a global management consulting firm.
The signed deal will see Bain & Company purchase 9,000 metric tonnes of CDR from 1PointFive’s Stratos plant, a large-scale facility in Texas.
Stratos is designed to capture up to 500,000 tonnes of CO2 annually, making it the world’s largest direct air capture (DAC) facility, according to 1PointFive.
The captured carbon dioxide represented by the CDR credits will be stored through geologic sequestration.
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