NYK has signed a new agreement with 1PointFive, a US-based carbon capture, utilisation and storage (CCUS) specialist and a subsidiary of Occidental, to purchase CDR credits generated through direct air capture with carbon storage (DACCS).
The credits will come from 1PointFive’s Stratos plant in Texas, which is slated to commence operations in 2025. The facility captures CO2 directly from the atmosphere and stores it underground, providing what 1PointFive describes as a ‘durable and verifiable’ offset for emissions that cannot be fully abated.
This is the second time NYK has contracted with 1PointFive, signalling continued confidence in DACCS technology. Akira Kono, NYK’s Representative Director and Executive Vice-President, said the company aims to contribute to ‘the decarbonization of international shipping, but to decarbonization worldwide,’ noting that some emissions ‘cannot be eliminated through operational or technological improvements alone.’
Anthony Cottone, President and General Manager of 1PointFive, said: ‘We’re excited to expand our partnership with NYK who has taken a leadership approach in decarbonization and to demonstrate how Direct Air Capture is uniquely positioned to deliver durable and verifiable carbon removal.’
While efficiency improvements and the adoption of new fuels remain the primary strategy, shipping faces unavoidable residual emissions. International shipping emits about one billion tonnes of CO2 annually, according to industry estimates cited by NYK, with roughly 10% likely to remain even after the industry transitions to low-carbon fuels. The estimated residual share of around 100 million tonnes would require permanent removal solutions such as DACCS to close the gap to net zero.
The company is building a diversified approach to carbon removals. In December 2024, NYK partnered with Japanese energy group ENEOS to buy marine fuel bundled with DACCS credits from the Stratos facility, a five-year arrangement starting in 2028. Earlier this year, NYK also signed a three-year agreement with Swiss technology firm Climeworks to purchase credits generated by a mix of methods, including biochar, bioenergy with carbon capture and storage, and enhanced rock weathering, starting in 2026.
