All Nippon Airways (ANA) announced a Carbon Dioxide Removal (CDR) credit purchase agreement with carbon capture business 1PointFive, with the aim of strengthening the airline’s commitment to achieve carbon neutrality by 2050.
Japan’s largest airline is the world’s first airline to sign a purchase agreement with 1PointFive.
This purchase is consistent with ANA’s larger climate transition plan, which focuses on decreasing emissions through operational and infrastructural improvements, sustainable aviation fuel and Direct Air Capture (DAC).
1PointFive president Michael Avery emphasised how this collaboration will help the airline achieve net zero: “We are proud that 1PointFive is able to support a leading airline like ANA in their purchase of our high-quality carbon removal credits to advance their climate strategy.
“The aviation industry can uniquely benefit from DAC as a pathway to removing carbon emissions securely, practically and on a large scale.”
This partnership also aligns with the aims of 1PointFive which has announced its mission to curb the global temperature rise by 1.5 degrees by 2050.
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In 2022, 1PointFive began building Stratos, one of the world’s largest DAC plants.
1PointFive has pledged to sell 10,000 metric tonnes of CDR credits per year for three years beginning in 2025, facilitated at Stratos.
The carbon capture company further stated when its first project becomes fully operational, it will be capable of capturing 500,000 tonnes of CO₂ per year.
ANA CEO and president Shinichi Inoue highlighted the key goals of the company and how investment into sustainable action will allow them to achieve this: “Reaching our goal of carbon neutrality is one of the key priorities for ANA and we are actively diversifying our methods to pursue sustainability.
“As we continue to review and invest in sustainable and innovative technologies and processes that help further our mission, we look forward to seeing the positive impact that partnering with 1PointFive brings to our airline.”