Amazon is aiming for net zero
Amazon backs Texas DAC project with ten-year offtake
Online retailer prebooks credits to be generated by 1PointFive’s Stratos project in Ector County
E-commerce firm Amazon has agreed to buy 250,000t of carbon dioxide removal (CDR) credits from the Stratos direct air capture (DAC) project, which is being developed in Texas by Occidental subsidiary 1PointFive. The credits will be supplied over a period of ten years. Under the agreement with Amazon, the captured CO₂ underlying the CDR credits will be stored in saline reservoirs that are not associated with oil and gas production. “Amazon’s purchase and long-term contract represent a significant commitment to DAC as a vital CDR solution,” said Michael Avery, president and general manager of 1PointFive. “The addition of 1PointFive’s high-integrity, quantifiable CDR credits support Amazon’s pa
Also in this section
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
10 December 2024
Tightened standards have helped improve the outlook for the voluntary carbon market, which is set for a record year and poised for long-term growth
