View original ↗on 1pointfive.com
deal · 1 November 2023
TD Bank Group ↔ 1PointFive
TD Bank Group: a firm purchase of 27,500 t of direct air capture removal from 1PointFive.
BuyerTD Bank Group
Supplier1PointFive
Tonnes27,500 t
Capture pathwayDirect air capture
Storage mediumgeological
Commitment typefirm
Deal structureofftake
Source pathway descriptionDirect Air Capture (DAC) technology with geologic sequestration. STRATOS is 1PointFive's first Direct Air Capture plant currently under construction in Texas, designed to capture and remove up to 500,000 metric tons of CO2 from the atmosphere each year for secure and long-term storage in geologic formations.
Storage descriptionGeologic sequestration (not enhanced oil recovery)
Delivery windowOver four years, subject to STRATOS becoming operational
Project locationTexas
NotesTD Securities is the purchasing entity within TD Bank Group. TD intends to use a portion of the credits to offset its own operational emissions. The purchase is subject to STRATOS becoming operational.
Durability defaultedtrue
Previous durabilitydurable-1000y
Previous durability basispathway-default
Durability notePathway default removed; duration requires source evidence
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
