Houston-based 1PointFive, carbon capture, utilization and sequestration company, said last week it reached agreement with Microsoft to sell 500,000 metric tons of carbon dioxide removal credits over six years to support Microsoft’s carbon removal strategy. 1PointFive said July 9 it’s the largest single purchase of CDR credits enabled by direct air capture and “highlights the increasing adoption of this climate technology as a solution to help organizations achieve net-zero emissions.”
The CDR credits for Microsoft will be enabled at STRATOS, 1PointFive’s first industrial scale DAC facility under construction in Ector County.
The captured CO2 underlying the credits will be stored through subsurface sequestration and will not be used to produce oil and gas. DAC provides a transparent and durable way to address emissions on a large scale from hard-to-abate industries.
Michael Avery, president and general manager of 1PointFive, said, “A commitment of this magnitude further demonstrates how one of the world’s largest corporations is integrating scalable DAC into its net zero strategy.”