Japanese Airline ANA Will Purchase Carbon Removal Credits From 1PointFive

Japanese Airline ANA Says It Will Purchase Carbon Removal Credits From 1PointFive - Carbon Herald
Source: Vytautas Kielaitis/Shutterstock

All Nippon Airways (ANA), Japan’s largest airline company has announced a carbon dioxide removal (CDR) credit purchase agreement with 1PointFive, a subsidiary of Occidental, focused on carbon capture, utilization and sequestration.

ANA is the first global airline to sign a purchase agreement with 1PointFive, directly contributing to its commitment of achieving carbon neutrality by 2050.

1PointFive is currently constructing a Direct Air Capture (DAC) plant in Texas, called Stratos, which is expected to be commercially operational in mid-2025. Upon completion, ANA has agreed to purchase 10,000 metric tonnes of CDR credits per year for three years beginning in 2025.

The plant itself utilizes technology developed by Canadian direct air capture company Carbon Engineering, which uses air filters to separate CO2 molecules from the atmosphere. After the capture process is complete, the gas itself is permanently sequestered in saline reservoirs.

“Direct Air Capture is a vital and scalable carbon removal technology that is necessary to help society achieve net zero,” said Michael Avery, President, 1PointFive. “We are proud that 1PointFive is able to support a leading airline like ANA in their purchase of our high-quality carbon removal credits to advance their climate strategy. The aviation industry can uniquely benefit from DAC as a pathway to removing carbon emissions securely, practically and on a large-scale.”

Relevant: Occidental And ADNOC To Explore Potential Of Carbon Management In The U.S. And UAE

Shinichi Inoue, President and CEO of ANA commented on the deal by saying: “Reaching our goal of carbon neutrality is one of the key priorities for ANA, and we are actively diversifying our methods to pursue sustainability. As we continue to review and invest in sustainable and innovative technologies and processes that help further our mission, we look forward to seeing the positive impact that partnering with 1PointFive brings to our airline.”

The purchase is driven by ANA’s transition strategy which also involves the use of sustainable aviation fuel and could provide a blueprint for other airline companies looking for ways to compensate for the emissions they won’t be able to reduce or completely remove from their operations.

Relevant: Occidental Sells 400,000 Tons Of Carbon Credits To Airbus In Landmark Deal

The ANA Group’s climate transition strategies for achieving carbon neutrality in fiscal 2050 is focused around 4 approaches, and the agreement with 1PointFive is positioned to advance the utilization of negative emissions technologies (NETs).

The aviation industry has been showing increased interest in the carbon credits on offer by 1PointFive. In 2022 Airbus made a substantial purchase of 400,000 tons of CO2 removal credits, providing demand and fudning for the Stratos plant.

Read more: Texans Are First NFL Team To Buy Carbon Removal Credits

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts
Translate »