NYK Partners with 1PointFive to Achieve Net-Zero GHG Emissions by 2050
NYK to Purchase CO2 Removal Credits from 1PointFive
NYK has recently signed an agreement with 1PointFive to purchase carbon dioxide removal credits (CDR credits) to neutralize residual emissions and work towards achieving net-zero greenhouse gas (GHG) emissions by 2050.
NYK has partnered with 1PointFive to acquire CDR credits generated through direct air capture with carbon storage (DACCS) technology. These credits involve capturing CO₂ from the atmosphere and storing it underground at 1PointFive’s DAC facility, “Stratos,” set to begin operations in Texas in 2025.
In their “NYK Group Decarbonization Story” released in 2023, NYK outlined their goal of achieving net-zero GHG emissions by 2050. While prioritizing energy efficiency and transitioning to next-generation fuels, residual emissions in the shipping industry remain unavoidable. NYK recognizes CDR credits as a crucial tool to offset these emissions and support its net-zero target.
NYK has entered into a partnership with 1PointFive to purchase CDR credits for neutralizing residual emissions and advancing their goal of achieving net-zero GHG emissions by 2050. These credits are generated through direct air capture with carbon storage technology, offering a sustainable solution to offset unavoidable emissions in the shipping industry. By leveraging reliable CDR credits, NYK aims to contribute to a decarbonized society and collaborate with customers to reduce GHG emissions effectively.
NYK’s collaboration with 1PointFive for CDR credits showcases their commitment to achieving carbon neutrality. This strategic partnership underscores NYK’s proactive approach towards offsetting residual emissions and aligning with their long-term net-zero GHG emissions goal.
