Bain & Company has agreed to purchase 9,000 metric tons of carbon dioxide removal credits from 1PointFive, marking the consulting firm’s first use of direct air capture to address its remaining operational emissions.
The credits will be delivered over a three year period and will be generated by STRATOS, 1PointFive’s flagship direct air capture facility in Texas, which is moving through its start-up phase. The project is designed to pull carbon dioxide directly from the atmosphere and permanently store it through geologic sequestration, a process supporters say offers a durable option for companies seeking long-term climate solutions.
Bain & Company has pledged to purchase and retire high-quality carbon removal credits (CDR) in an amount greater than 100% of its annual residual emissions as part of its climate strategy which includes a Beyond Value Chain Mitigation (BVCM) commitment since 2021.
For Bain, this particular purchase represents an extension of its sizable CO2 removal portfolio. Over the past five years, Bain has backed more than 1.1 million metric tons of high-integrity removal credits across a range of technologies, according to the company.
Sam Israelit, Bain’s Chief Sustainability Officer, said, “We are proud to partner with 1PointFive and add them to our portfolio of engineered carbon removal technologies. Their track record for developing DAC technology coupled with their deep understanding of what it takes to deliver large-scale infrastructure projects uniquely positions them to be a leader in this emerging segment.”
1PointFive on track
1PointFive, a subsidiary of Occidental, is positioning itself as a leading provider of commercial-scale direct air capture. The company draws on decades of experience in carbon management and large infrastructure development, capabilities it argues are essential for scaling a technology that remains expensive and technically complex.
“Collaborating with Bain & Company reflects our shared commitment to innovation and the importance of accelerating the adoption of Direct Air Capture technology,” said Anthony Cottone, President and General Manager of 1PointFive. “We believe this agreement demonstrates continued momentum for the solution while supporting the development of vital domestic infrastructure.”
The deal also reflects broader momentum in the voluntary carbon market, where buyers are increasingly prioritizing engineered removals over avoidance-based credits. Large corporations including Microsoft, Airbus, and Amazon have previously announced purchases from 1PointFive, signaling growing confidence in the approach despite its current costs.
Read more: Bain & Company Makes The Inaugural VCMI Carbon Integrity Claim
