12 Sep, 23

Amazon Buys Carbon Credits In Its First Investment In Direct Air Capture

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Amazon is joining the group of companies supporting direct air capture (DAC) technology by announcing it would buy carbon removal credits from 1PointFive, which is developing the world’s largest DAC plant in the United States.       Amazon has committed to purchase 250,000 metric tons of carbon dioxide removal credits over 10 years from STRATOS, 1PointFive’s first commercial-scale DAC plant, the e-commerce giant said on Tuesday. The plant is currently under development in Texas, with startup expected in mid-2025,…

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