Commercial, Energy Efficiency, GHG Emissions - August 4, 2023
All Nippon Airways Purchases Carbon Dioxide Removal
All Nippon Airways (ANA), a Japanese airline, announced a carbon dioxide removal (CDR) credit purchase agreement.
The agreement was made with 1PointFive, a carbon capture, utilization and sequestration company based in Houston, Texas.
Starting in 2025, 1PointFive agreed to sell 10,000 metric tons of CDR credits per year for three years enabled by Stratos, 1PointFive's direct air capture (DAC) plant currently under construction in Texas that is expected to be commercially operational in mid-2025.
1PointFive is using Carbon Engineering's DAC technology, which is designed to capture and remove large volumes of carbon dioxide (CO2) directly from the atmosphere and provide a practical solution to address emissions from hard-to-decarbonize activities such as aviation and transportation. The CO2 captured for ANA will be sequestered in saline reservoirs that are not used for oil and gas production.
This purchase aligns with ANA's broader climate transition strategy, which focuses on reducing emissions through operational and infrastructure improvements and sustainable aviation fuel as well as removing residual emissions through direct air capture.
"Reaching our goal of carbon neutrality is one of the key priorities for ANA, and we are actively diversifying our methods to pursue sustainability," said Shinichi Inoue, President and CEO of ANA, in a statement. "As we continue to review and invest in sustainable and innovative technologies and processes that help further our mission, we look forward to seeing the positive impact that partnering with 1PointFive brings to our airline."
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