1PointFive Collaborates with Palo Alto Networks
1PointFive, a key player in the carbon capture, utilization, and sequestration (CCUS) sector, has embarked on a significant journey to mitigate climate change through collaboration. Recently, the company entered into a noteworthy agreement with Palo Alto Networks to purchase 10,000 tons of carbon dioxide removal (CDR) credits over five years. This exciting development reaffirms the commitment to adopting advanced carbon removal technologies aimed at reducing greenhouse gas emissions.
The STRATOS Facility's Role
The carbon removal credits acquired by Palo Alto Networks will be generated from STRATOS, 1PointFive's pioneering large-scale Direct Air Capture (DAC) facility located in Texas. This facility is set to come online this year, marking a substantial advancement in efforts to address climate change through carbon sequestration. The captured carbon dioxide will be safely stored through saline sequestration, ensuring that it does not re-enter the atmosphere.
Voices from Leadership
Michael Avery, the President and General Manager of 1PointFive, expressed enthusiasm about this new partnership. He stated, "We look forward to collaborating with Palo Alto Networks and using Direct Air Capture to help advance their sustainability strategy." This partnership not only emphasizes the practical application of carbon removal but also highlights the potential for innovative solutions in energy development throughout the United States.
Palo Alto Networks' Commitment
Reflecting on this significant collaboration, BJ Jenkins, President of Palo Alto Networks, remarked, "Collaborating with 1PointFive in this carbon removal credit agreement highlights our proactive approach toward exploring innovative solutions for a greener future." This statement underscores the tech giant’s dedication to sustainability and environmental responsibility, demonstrating that every major player can contribute to reducing the carbon footprint.
About 1PointFive and Its Mission
1PointFive operates with a clear vision: combating climate change and keeping global temperature rise to a minimum, specifically to 1.5°C. By deploying advanced solutions such as Carbon Engineering's Direct Air Capture coupled with AIR TO FUELS™ technology, the company is at the forefront of decarbonization efforts. Their approach includes creating geologic sequestration hubs, thereby establishing a robust infrastructure for carbon management.
Contact Information for Further Inquiries
For those looking to learn more about this innovative partnership or 1PointFive's broader mission, contact details are provided below:
Media Inquiries
Eric Moses
+1 713-497-2017
eric_moses@oxy.com
Investor Inquiries
R. Jordan Tanner
+1 713-552-8811
investors@oxy.com
Frequently Asked Questions
What is the significance of the agreement between 1PointFive and Palo Alto Networks?
This agreement allows Palo Alto Networks to purchase carbon removal credits, enhancing their sustainability initiatives while supporting innovative carbon capture technologies.
How does the STRATOS facility contribute to carbon removal?
The STRATOS facility captures and sequesters carbon dioxide, ensuring that it is removed from the atmosphere and stored safely underground.
Who is leading 1PointFive?
Michael Avery serves as the President and General Manager of 1PointFive, guiding the company’s strategic initiatives.
What are some technologies used by 1PointFive?
1PointFive utilizes Carbon Engineering's Direct Air Capture and AIR TO FUELS™ technologies in their carbon management strategies.
How can interested stakeholders contact 1PointFive for more information?
Stakeholders can reach out via the provided contact details for media and investor inquiries.
