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Raimond Spekking
The "carbon credits" in the form of certificates grant the authority to emit one ton of CO2 equivalent. They are given to companies who lower their emissions or contribute to the removal of carbon dioxide from the environment.
According to Oxy, the deal with Microsoft was the biggest direct air capture (DAC) CO2 credit acquisition to date. 1PointFive plans to use Stratos, the largest DAC plant in the world, which is presently being built in Texas, for this purpose. The project can produce 500,000 tons of carbon dioxide annually at full capacity. Instead of being used to produce oil and gas, the captured CO2 will be stored through brine sequestration.
Microsoft's senior director of energy and emissions reduction, Brian Marrs, claims that DAC is a key component of the corporation's CO2 reduction portfolio and helps the company reach its 2030 target of zero greenhouse gas emissions.
source: reuters.com
According to Oxy, the deal with Microsoft was the biggest direct air capture (DAC) CO2 credit acquisition to date. 1PointFive plans to use Stratos, the largest DAC plant in the world, which is presently being built in Texas, for this purpose. The project can produce 500,000 tons of carbon dioxide annually at full capacity. Instead of being used to produce oil and gas, the captured CO2 will be stored through brine sequestration.
Microsoft's senior director of energy and emissions reduction, Brian Marrs, claims that DAC is a key component of the corporation's CO2 reduction portfolio and helps the company reach its 2030 target of zero greenhouse gas emissions.
source: reuters.com
