Carbon capture company 1PointFive announced March 13 that AT&T has agreed to purchase CO2 removal credits from STRATOS, 1PointFive’s first large-scale direct air capture (DAC) facility currently under construction in Texas.
The transaction is part of AT&T’s commitment to reduce carbon emissions and become carbon neutral in its global operations by 2035, according to a March 13 press release.
STRATOS is designed to capture up to 500,000 metric tons of CO2 annually when fully operational. Under the agreement, the captured CO2 will be stored through durable saline sequestration, the release stated.
1PointFive said it is also participating in AT&T’s Connected Climate Initiative to collaborate on carbon removal solutions like DAC that can “help cost effectively achieve net zero.”
“AT&T’s carbon removal credit purchase is another proof point of the vital role that direct air capture can play in providing a high-integrity and durable solution to help organizations address their emissions,” said Michael Avery, president and general manager of 1PointFive.
Recommended Reading
TGS, SLB to Conduct Engagement Phase 5 in GoM
2024-02-05 - TGS and SLB’s seventh program within the joint venture involves the acquisition of 157 Outer Continental Shelf blocks.
2023-2025 Subsea Tieback Round-Up
2024-02-06 - Here's a look at subsea tieback projects across the globe. The first in a two-part series, this report highlights some of the subsea tiebacks scheduled to be online by 2025.
StimStixx, Hunting Titan Partner on Well Perforation, Acidizing
2024-02-07 - The strategic partnership between StimStixx Technologies and Hunting Titan will increase well treatments and reduce costs, the companies said.
Tech Trends: QYSEA’s Artificially Intelligent Underwater Additions
2024-02-13 - Using their AI underwater image filtering algorithm, the QYSEA AI Diver Tracking allows the FIFISH ROV to identify a diver's movements and conducts real-time automatic analysis.
Subsea Tieback Round-Up, 2026 and Beyond
2024-02-13 - The second in a two-part series, this report on subsea tiebacks looks at some of the projects around the world scheduled to come online in 2026 or later.