- JPMorganChase commits to 50,000 metric tons of carbon removal over 10 years, supporting its operational decarbonization strategy.
- Direct Air Capture credits will be sourced from 1PointFive’s STRATOS facility, expected to become operational in Texas this year.
- The agreement strengthens the market for durable carbon removal, advancing large-scale infrastructure and innovation in the U.S.
JPMorganChase has signed a 10-year agreement with 1PointFive to purchase 50,000 metric tons of carbon dioxide removal (CDR) credits, marking a significant step in the financial giant’s efforts to decarbonize its operations. The deal is underpinned by Direct Air Capture (DAC) technology and contributes to building a viable market for high-quality carbon removal.
