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Nippon Yusen Kabushiki Kaisha (NYK), a major Japanese shipping company, has acquired additional carbon dioxide removal (CDR) credits from 1pointfive, utilizing their direct air capture technology. This marks NYK's second purchase, reflecting a commitment to offset residual emissions as part of a broader decarbonization strategy.

NYK estimates that the shipping industry produces approximately one billion tons of CO2 annually, necessitating significant CDR efforts to address emissions that operational improvements alone cannot eliminate. The credits will be sourced from 1pointfive's new facility in Texas, set to commence operations soon.