HOUSTON, July 16, 2025 (GLOBE NEWSWIRE) -- 1PointFive, a carbon capture, utilization, and sequestration (CCUS) company, today announced that Palo Alto Networks purchased 10,000 tons of carbon dioxide removal (CDR) credits over five years enabled by Direct Air Capture (DAC). The agreement demonstrates the increasing adoption of durable carbon removal technologies as a solution to address emissions. The CDR credits for Palo Alto Networks will be produced from STRATOS, 1PointFive's first large-scale DAC facili ...

Core Insights - 1PointFive has secured a significant agreement with JPMorganChase for the purchase of 50,000 metric tons of carbon dioxide removal (CDR) credits over a period of 10 years, highlighting the growing adoption of carbon removal technologies in achieving sustainability goals [1][3] Company Overview - 1PointFive is a carbon capture, utilization, and sequestration (CCUS) company that aims to mitigate global temperature rise to 1.5°C through various decarbonization solutions, including Direct Air Capture (DAC) technology [5] Technology and Operations - The CDR credits for JPMorganChase will be generated from STRATOS, 1PointFive's inaugural DAC facility located in Texas, which is set to commence operations this year [2] - The captured carbon dioxide will be stored through saline sequestration, contributing to the establishment of a market for high-quality carbon removal credits [3] Strategic Implications - The agreement aligns with JPMorganChase's strategy to address its operational emissions and supports the scaling of carbon removal technologies, indicating a commitment to sustainability [4] - 1PointFive's collaboration with leading organizations like JPMorganChase is expected to drive momentum in the deployment of DAC technology and create economic opportunities in the U.S. [4]

XRG to consider investing up to $500 million for the development of 1PointFive’s 500,000 tonne-capacity DAC facilityHOUSTON, May 16, 2025 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) and its subsidiary 1PointFive today announced an agreement with XRG, ADNOC’s investment company, to evaluate a potential joint venture to develop a Direct Air Capture (DAC) facility in South Texas. As part of the joint venture, XRG will consider investing up to $500 million for the development of a DAC facility designed to captur ...