1PointFive, a DAC joint venture between Oxy Low Carbon Ventures and Rasheen Capital Management, has agreed to provide carbon dioxide removal (CDR) credits to Boston Consulting Group (BCG), a global consulting firm.
BCG plans to purchase 21,000 metric tons of CDR credits over three years from 1PointFive through this partnership. The credits will be sourced by STRATOS, 1PointFive's first industrial-scale direct air capture facility, under commission.
1PointFive also gains consulting and business process support to develop the CDR credits from BCG.
The partners have previously collaborated to implement IT architecture for the Measurement Reporting and Verification (MRV) of carbon credits by the STRATOS facility.
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