Nippon Yusen Kabushiki Kaisha (NYK) has entered into another agreement with U.S.-based 1PointFive, purchasing CO₂ removal credits generated through Direct Air Capture (DAC) technology.
This marks NYK’s second purchase of such credits from 1PointFive and represents an important step toward addressing residual operational emissions, which cannot be eliminated solely through efficiency measures or alternative fuels.
According to NYK, international shipping emits around 1 billion tons of CO₂ annually. Even with significant emission reductions, about 10% remain as residual emissions. To address these, the industry would need to remove at least 100 million tons of CO₂ each year.
“Together with 1PointFive, we aim to contribute not only to the decarbonization of international shipping but also to global emission reductions,” said Akira Kono, Executive Vice President of NYK. He emphasized the company’s comprehensive approach, which includes deploying energy-efficient vessels, transitioning to low-carbon fuels such as biofuels, improving operational efficiency, and removing unavoidable CO₂.
The CO₂ removal credits for NYK will come from STRATOS, 1PointFive’s first commercial DAC facility in Texas, which is scheduled to start operations this year.
A subsidiary of Occidental, 1PointFive leverages more than 50 years of expertise in carbon management and large-scale industrial projects to deliver DAC services at commercial scale.
