🚨 Huge CDR Deal Alert! 🚨 1PointFive<>JP MorganChase

🚨 Huge CDR Deal Alert for 50,000 tonnes! 🚨

🤝 JP MorganChase has signed an offtake agreement with 1PointFive for 50,000 tonnes of CDR.

🚚 The credits will be generated from 1PointFive's STRATOS facility in Texas, US.

⬇ The captured CO₂ underlying the credits will be stored through saline sequestration.

🌎 The agreement is part of the bank’s strategy to address operational emissions, which also helps establish a market for high-quality and durable carbon removal credits.

📊 JP Morgan Chase has purchased over 570K tonnes of CDR to date and continues to stand 3rd on the CDR.fyi Purchasers Leaderboard.

📈 With over 1.33 million tonnes sold, 1PointFive stands at 6th on the CDR.fyi Suppliers Leaderboard.

🔗 Click HERE to read the full announcement.

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