View original ↗on 1pointfive.com
deal · 1 August 2023
All Nippon Airways ↔ 1PointFive
All Nippon Airways: a firm purchase of 30,000 t of direct air capture removal from 1PointFive.
BuyerAll Nippon Airways
Supplier1PointFive
Tonnes30,000 t
Capture pathwayDirect air capture
Storage mediumgeological
Commitment typefirm
Deal structureofftake
Source pathway descriptionDirect Air Capture (DAC) using Carbon Engineering's DAC technology, which captures and removes large volumes of carbon dioxide directly from the atmosphere
Storage descriptionCO2 captured for ANA will be sequestered in saline reservoirs that are not used for oil and gas production
Delivery window2025-2027 (beginning in 2025, 10,000 metric tonnes per year for three years)
Project locationTexas, USA (Stratos Direct Air Capture plant)
NotesANA becomes the first airline in the world to sign a purchase agreement with 1PointFive. Total commitment is 10,000 metric tonnes per year for three years (2025-2027), equaling 30,000 tonnes total. The Stratos DAC plant is expected to be commercially operational in mid-2025.
Durability defaultedtrue
Previous durabilitydurable-1000y
Previous durability basispathway-default
Durability notePathway default removed; duration requires source evidence
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