Amazon.Com, Inc. (NASDAQ: AMZN) has invested for the first time in direct air capture climate technology by agreeing to purchase 250,000 metric tons of carbon dioxide removal (CDR) credits over ten years.
The CDR credits for Amazon will be enabled by STRATOS, 1PointFive's first commercial-scale DAC plant, currently under construction in Texas.
Under the 10-year 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.
Also Read: Full story available on Benzinga.com