Amazon Signs Deal with Occidental’s 1PointFive for Carbon Direct Air Capture
September 14, 2023–Researched by Industrial Info Resources (Sugar Land, Texas)–After signing several power purchase agreements with renewable energy developers, Amazon.com Incorporated (NASDAQ:AMZN) (Seattle, Washington) is taking a new direction in its goal of achieving net-zero carbon emissions by 2040. Earlier this week, Amazon signed an agreement with Occidental Petroleum Corporation (NYSE:OXY) (Houston, Texas) subsidiary 1PointFive to purchase carbon removal credits for a 1PointFive direct air capture (DAC) project being developed in Texas.
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