1PointFive and AT&T Enter Direct Air Capture Carbon Removal Credit Agreement
[Click image to enlarge]
1PointFive said AT&T has agreed to purchase carbon dioxide removal (CDR) credits from STRATOS, 1PointFive’s first large-scale direct air capture (DAC) facility that is currently under construction in Texas. The purchase is a part of AT&T’s commitment to reduce carbon emissions and become carbon neutral in its global operations by 2035.
STRATOS is designed to capture up to 500,000 metric tons of CO2 annually when fully operational and is expected to be the largest facility of its kind in the world. Under the agreement with AT&T, the captured CO2 underlying the removal credits will be stored through durable saline sequestration.
To further work towards global climate goals, 1PointFive joined AT&T’s Connected Climate Initiative (CCI), a collaborative effort to pursue connectivity-based solutions to reduce greenhouse gas emissions by one gigaton by 2035. The CCI brings together a diverse group of organizations to support the development of smart climate solutions that can utilize AT&T connectivity. 1PointFive’s participation in the CCI is focused on increasing collaboration around carbon removal solutions like DAC that can help cost effectively achieve net zero.
“AT&T’s carbon removal credit purchase is another proof point of the vital role that direct air capture can play in providing a high-integrity and durable solution to help organizations address their emissions,” said Michael Avery, president and general manager of 1PointFive.
“We look forward to working with AT&T to help them achieve their climate goals while furthering our collaboration through the CCI,” added Avery.
“As we work towards achieving our gigaton goal, we know that we need to find ways that AT&T connectivity can enable game-changing solutions to reduce greenhouse gas emissions at scale,” said Shannon Carroll, AVP of Global Environmental Sustainability at AT&T.
“Together with 1PointFive, we’re committed to driving adoption of high-impact, innovative technologies like DAC to help address climate change,” added Carroll.
1PointFive is a carbon capture, utilization, and sequestration (CCUS) company that is working to help curb global temperature rise to 1.5°C by 2050 through the deployment of decarbonization solutions, including Carbon Engineering’s direct air capture (DAC) and AIR TO FUELS™ technologies alongside geologic sequestration hubs.
Be in-the-know when you’re on-the-go!
FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.
Copyright © 2024 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
For licensing permission, .(JavaScript must be enabled to view this email address)
