View original ↗on oxy.com
deal · 9 July 2024
Microsoft ↔ 1PointFive
Microsoft: a firm purchase of 500,000 t of direct air capture removal from 1PointFive.
BuyerMicrosoft
Supplier1PointFive
Tonnes500,000 t
Capture pathwayDirect air capture
Storage mediumgeological
Durabilitydurable, 1,000 years or more
Durability basisseed-curated
Commitment typefirm
JurisdictionUnited States
Deal structureofftake
Source pathway descriptionDirect air capture (STRATOS plant)
Delivery window6 years
Project locationEctor County, Texas, USA (STRATOS)
NotesLargest single DAC credit sale to date at signing. CO2 stored via saline sequestration, contractually not used for oil and gas production.
Confidencehigh
Stated jurisdictionUS
Watch these companies, see every deal like this, or ask about it.
A free account searches the whole database and saves records. Pro adds Ask, a watch list, totals, exports and the plugin for Claude and ChatGPT. New accounts get 14 days of Pro, no card needed.
More: 1PointFive · Direct air capture
