The Houston Texans have agreed a sponsorship with 1PointFive, a subsidiary of Occidental’s (NYSE:OXY) Low Carbon Ventures, for the purchase of carbon removal credits generated by the latter’s Direct Air Capture (DAC) plant in Ector Country, Texas.
The plant is expected to be fully operational by the end of 2024 and the credits will allow the Texans to offset their estimated carbon emissions for all regular season away games over the next three years. The CO2 captured for the agreement with the Texans will be sequestered in salt reservoirs unrelated to oil and gas production.
This agreement is one of the first real-world examples of how Direct Air Capture can provide a practical solution for hard-to-decarbonize activities, such as air travel and ultimately help meet climate goals.
Back in March, 2022, 1PointFive signed a deal with Airbus for the purchase of 400,000 tons of carbon removal credits that will most likely come from the same facility that will be used for the Texans.
Relevant: Occidental Sells 400,000 Tons Of Carbon Credits To Airbus In Landmark Deal
Through the partnership, 1PointFive will become a “Preferred Carbon Removal Partner” for the Texans and together with the team will strive to educate fans about DAC and decarbonization.
“We are excited to work with the Houston Texans and for their purchase of carbon removal credits enabled by Direct Air Capture,” said Michael Avery, President and General Manager of 1PointFive. “We believe Direct Air Capture is an efficient way to help reduce an organization’s carbon footprint and provides a solution that is particularly well-suited to addressing carbon emissions associated with air travel.”
“We are proud to partner with 1PointFive and welcome them to our Houston Texans family,” said Jerry Angel, Houston Texans Vice President of Corporate Development.
Read more: 1PointFive And Carbon Engineering Aiming For Global Expansion
Direct Air Capture Can Save The World Trillions Of Dollars – Lori Guetre, Carbon Engineering
