{"id":926759,"date":"2026-01-13T08:57:53","date_gmt":"2026-01-13T13:57:53","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/1pointfive-and-bain-company-announce-agreement-for-direct-air-capture-carbon-removal-credits\/"},"modified":"2026-01-13T08:57:53","modified_gmt":"2026-01-13T13:57:53","slug":"1pointfive-and-bain-company-announce-agreement-for-direct-air-capture-carbon-removal-credits","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/1pointfive-and-bain-company-announce-agreement-for-direct-air-capture-carbon-removal-credits\/","title":{"rendered":"1PointFive and Bain & Company Announce Agreement for Direct Air Capture Carbon Removal Credits"},"content":{"rendered":"
\n

HOUSTON, Jan. 13, 2026 (GLOBE NEWSWIRE) — 1PointFive<\/a>, a carbon capture, utilization and sequestration (CCUS) company announced today that Bain & Company purchased 9,000 metric tons of carbon dioxide removal (CDR) credits over three years enabled by Direct Air Capture (DAC). The agreement is Bain\u2019s first purchase of DAC removal credits as a solution to address residual operational emissions and meet its current net negative commitment. For context, 9,000 tons of removed CO2<\/sub> is equivalent to the emissions resulting from an estimated 10,000 long-haul roundtrip flights for an economy-class passenger.<\/p>\n

The CDR credits will be produced from STRATOS, 1PointFive\u2019s large-scale DAC facility in Texas that is progressing through start-up activities. As a subsidiary of Occidental, 1PointFive is leveraging more than 50 years of carbon management expertise and major projects experience to deliver commercial-scale DAC. The captured carbon dioxide underlying the CDR credits will be stored through durable geologic sequestration.<\/p>\n

\u201cCollaborating with Bain & Company reflects our shared commitment to innovation and the importance of accelerating the adoption of Direct Air Capture technology,\u201d said Anthony Cottone, President and General Manager of 1PointFive. \u201cWe believe this agreement demonstrates continued momentum for the solution while supporting the development of vital domestic infrastructure.\u201d<\/p>\n

Bain, whose award-winning carbon credit sourcing program includes a diverse set of CDR technologies, has long been a leading supporter of the voluntary carbon market. They have invested in 1.1 million tonnes of high-integrity carbon removal credits over the past five years.<\/p>\n

Sam Israelit, Bain\u2019s Chief Sustainability Officer<\/a>, said, \u201cWe are proud to partner with 1PointFive and add them to our portfolio of engineered carbon removal technologies. Their track record for developing DAC technology coupled with their deep understanding of what it takes to deliver large-scale infrastructure projects uniquely positions them to be a leader in this emerging segment.\u201d<\/p>\n

\n About 1PointFive<\/strong>
\n
1PointFive is a Carbon Capture, Utilization and Sequestration (CCUS) company that offers integrated solutions to help organizations unlock value from addressing carbon dioxide emissions. Through large-scale Direct Air Capture facilities and geologic sequestration hubs, we are working to deliver durable carbon dioxide removal and storage while enabling the development of low-carbon products and fuels. 1PointFive is a subsidiary of Occidental. For more information, visit 1PointFive.com.<\/p>\n

\n About Bain & Company<\/strong>
\n
Bain & Company is a global consultancy that helps the world\u2019s most ambitious change makers define the future. Across 65 cities in 40 countries, we work alongside our clients as one team with a shared ambition to achieve extraordinary results, outperform the competition, and redefine industries. We complement our tailored, integrated expertise with a vibrant ecosystem of digital innovators to deliver better, faster, and more enduring outcomes. Our 10-year commitment to invest more than $2 billion in pro bono services brings our talent, expertise, and insight to organizations tackling today\u2019s urgent challenges in education, racial equity, social justice, economic development, and the environment. We earned both an \u2018A\u2019 rating from CDP and a platinum rating from EcoVadis, the leading platform for environmental, social, and ethical performance ratings for global supply chains, putting us in the top 1% of all companies. Since our founding in 1973, we have measured our success by the success of our clients, and we proudly maintain the highest level of client advocacy in the industry. Visit our website<\/a> to learn about our services.<\/p>\n

\n Cautionary Statement Regarding Forward-Looking Statements<\/strong>\n <\/p>\n

This news release contains \u201cforward-looking statements\u201d within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including those relating to the agreement\u2019s benefits and related impact on carbon emissions and Occidental\u2019s (NYSE: OXY) and its subsidiaries’ deployment and use of DAC technology, which are based on Occidental\u2019s current expectations, beliefs, plans, estimates, and forecasts. All statements other than statements of historical fact are forward-looking statements for purposes of federal and state securities laws. Words such as \u201cwill,\u201d \u201cmay,\u201d \u201cexpect,\u201d \u201cplan,\u201d or similar expressions that convey the prospective nature of events or outcomes are generally indicative of forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Occidental does not undertake any obligation to update, modify, or withdraw any forward-looking statements as a result of new information, future events, or otherwise.<\/p>\n

These statements are not guarantees of future performance as they involve assumptions that may prove to be incorrect and risks and uncertainties, including those that are beyond Occidental\u2019s control. Factors that may cause actual results to differ materially from forward-looking statements include Occidental\u2019s ability to access necessary technology, to develop and employ existing or new technology on a commercial scale, to access capital, to collaborate with third parties and customers, and to receive approvals from regulatory bodies, as well as market conditions, geopolitical events, and scientific developments. Additional factors that may affect the agreement\u2019s benefits and related impact on carbon emissions and Occidental\u2019s and its subsidiaries’ ability to deploy DAC technology can be found in Occidental\u2019s public disclosure and its filings with the U.S. Securities and Exchange Commission (SEC), which may be accessed at Occidental\u2019s website at oxy.com or the SEC\u2019s website at sec.gov. Information included herein is not necessarily material to an investor in Occidental\u2019s securities.<\/p>\n

\n Contacts<\/strong>\n <\/p>\n\n\n\n\n\n
\n 1PointFive – Media<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1PointFive – Investors<\/strong>\n <\/td>\n<\/tr>\n
Eric Moses
+1 713-497-2017
eric_moses@oxy.com<\/u><\/a><\/p>\n<\/td>\n		\u00a0<\/td>\nR. Jordan Tanner
+1 713-552-8811
investors@oxy.com<\/a><\/u><\/td>\n<\/tr>\n
\n Bain & Company \u2013 Media<\/strong>
\n
Dan Pinkney (Boston) \u2014 dan.pinkney@bain.com<\/a>
Gary Duncan (London) \u2014 gary.duncan@bain.com<\/a>
Ann Lee (Singapore) \u2014 ann.lee@bain.com<\/a><\/p>\n<\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

HOUSTON, Jan. 13, 2026 (GLOBE NEWSWIRE) — 1PointFive, a carbon capture, utilization and sequestration (CCUS) company announced today that Bain & Company purchased 9,000 metric tons of carbon dioxide removal (CDR) credits over three years enabled by Direct Air Capture (DAC). The agreement is Bain\u2019s first purchase of DAC removal credits as a solution to address residual operational emissions and meet its current net negative commitment. For context, 9,000 tons of removed CO2 is equivalent to the emissions resulting from an estimated 10,000 long-haul roundtrip flights for an economy-class passenger. The CDR credits will be produced from STRATOS, 1PointFive\u2019s large-scale DAC facility in Texas that is progressing through start-up activities. As a subsidiary of Occidental, 1PointFive is leveraging more than … <\/p>\n

Continue reading “1PointFive and Bain & Company Announce Agreement for Direct Air Capture Carbon Removal Credits”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-926759","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\n1PointFive and Bain & Company Announce Agreement for Direct Air Capture Carbon Removal Credits - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/1pointfive-and-bain-company-announce-agreement-for-direct-air-capture-carbon-removal-credits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"1PointFive and Bain & Company Announce Agreement for Direct Air Capture Carbon Removal Credits - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"HOUSTON, Jan. 13, 2026 (GLOBE NEWSWIRE) — 1PointFive, a carbon capture, utilization and sequestration (CCUS) company announced today that Bain & Company purchased 9,000 metric tons of carbon dioxide removal (CDR) credits over three years enabled by Direct Air Capture (DAC). The agreement is Bain\u2019s first purchase of DAC removal credits as a solution to address residual operational emissions and meet its current net negative commitment. For context, 9,000 tons of removed CO2 is equivalent to the emissions resulting from an estimated 10,000 long-haul roundtrip flights for an economy-class passenger. The CDR credits will be produced from STRATOS, 1PointFive\u2019s large-scale DAC facility in Texas that is progressing through start-up activities. 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