Amazon backs Texas DAC project with ten-year offtake

Online retailer prebooks credits to be generated by 1PointFive’s Stratos project in Ector County

E-commerce firm Amazon has agreed to buy 250,000t of carbon dioxide removal (CDR) credits from the Stratos direct air capture (DAC) project, which is being developed in Texas by Occidental subsidiary 1PointFive. The credits will be supplied over a period of ten years. Under the agreement with Amazon, the captured CO₂ underlying the CDR credits will be stored in saline reservoirs that are not associated with oil and gas production. “Amazon’s purchase and long-term contract represent a significant commitment to DAC as a vital CDR solution,” said Michael Avery, president and general manager of 1PointFive. “The addition of 1PointFive’s high-integrity, quantifiable CDR credits support Amazon’s pa