Trafigura to buy carbon removal credits from 1PointFive

PointFive (carbon capture, utilization, and sequestration (CCUS) company) and Trafigura (commodity trading company) announced that Trafigura will purchase carbon dioxide removal (CDR) credits produced from 1PointFive’s first industrial-scale Direct Air Capture (DAC) facility, STRATOS. 

STRATOS is designed to capture up to 500,000 metric tons of CO2 annually when fully operational. The captured CO2 will be stored through durable subsurface saline sequestration.