Japanese shipping company NYK has signed a new agreement with carbon capture, utilization, and sequestration (CCUS) company 1PointFive to purchase carbon dioxide removal (CDR) credits, neutralizing residual emissions and contributing to achieving net-zero by 2050.
The CDR credits will be generated via direct air capture with carbon storage (DACCS) technology, i.e. CO2 from the atmosphere will be captured and stored underground at 1PointFive’s DAC facility, Stratos, currently in commissioning stage in Texas, U.S.