ANA Announces Carbon Dioxide Removal Purchase from 1PointFive
London, 01 August, 2023, (Oilandgaspress) – All Nippon Airways (ANA), Japan’s largest and 5-Star airline for 10 consecutive years, today announced a CDR credit purchase agreement with 1PointFive, a carbon capture, utilization and sequestration company based in Houston, Texas. ANA becomes the first airline in the world to sign a purchase agreement with 1PointFive, further strengthening its commitment to achieve carbon neutrality by 2050. This purchase aligns with ANA’s broader climate transition strategy, which focuses on reducing emissions through operational and infrastructure improvements and Sustainable Aviation Fuel, as well as removing residual emissions through Direct Air Capture.
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). Beginning in 2025,1PointFive has agreed to sell 10,000 metric tonnes of CDR credits per year for three years enabled by Stratos, 1PointFive’s Direct Air Capture (DAC) plant currently under construction in Texas, which is expected to be commercially operational in mid-2025. 1PointFive is using Carbon Engineering’s DAC technology which is designed to capture and remove large volumes of carbon dioxide (CO2) directly from the atmosphere and provide a practical solution to address emissions from hard-to-decarbonize activities such as aviation and transportation. The CO2 captured for ANA will be sequestered in saline reservoirs that are not used for oil and gas production.
“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.”
“Reaching our goal of carbon neutrality is one of the key priorities for ANA, and we are actively diversifying our methods to pursue sustainability,” said Shinichi Inoue, President and CEO of ANA. “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 ANA Group is committed to reaching carbon neutrality by 2050 and continues to proactively pursue sustainable and innovative technologies to contribute to the realization of a carbon-neutral society.
Information Source: Read More
Energy Monitors , Electric Power , Natural Gas , Oil , Climate , Renewable , Wind , Transition , LPG , Solar , Electric , Biomass , Sustainability , Oil Price , Electric Vehicles,
