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1PointFive and Bain & Company Announce Agreement for Direct Air Capture Carbon Removal Credits

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HOUSTON, Jan. 13, 2026 (GLOBE NEWSWIRE) -- 1PointFive, a carbon capture, utilization and sequestrati...

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AI Summary

Bain & Company purchased 9,000 tons of carbon credits from 1PointFive. The purchase supports Bain's net negative emissions commitment. 1PointFive leverages Occidental's carbon management expertise for Direct Air Capture. The captured CO2 will be sequestered geologically for durability. Bain's investment showcases growing interest in carbon removal technologies.

Sentiment Rationale

The partnership enhances OXY’s position in the carbon capture market, potentially boosting future revenues. Historical partnerships in green technology have led to increased stock value for related companies.

Trading Thesis

OXY's advancements in Direct Air Capture technology may yield benefits over the next few years, as market demand for carbon credits increases.

Market-Moving

  • Bain & Company purchased 9,000 tons of carbon credits from 1PointFive.
  • The purchase supports Bain's net negative emissions commitment.
  • 1PointFive leverages Occidental's carbon management expertise for Direct Air Capture.

Key Facts

  • Bain & Company purchased 9,000 tons of carbon credits from 1PointFive.
  • The purchase supports Bain's net negative emissions commitment.
  • 1PointFive leverages Occidental's carbon management expertise for Direct Air Capture.
  • The captured CO2 will be sequestered geologically for durability.
  • Bain's investment showcases growing interest in carbon removal technologies.

Companies Mentioned

  • SLB (SLB)
  • CVX (CVX)
  • XOM (XOM)

Corporate Developments

This deal highlights OXY's expanding role in green technologies, aligning with industry trends that prioritize sustainability.

1PointFive and Bain & Company Partner for Carbon Removal Credits

HOUSTON, Jan. 13, 2026 (GLOBE NEWSWIRE) — 1PointFive, a leader in carbon capture, utilization, and sequestration (CCUS), announced a significant agreement with Bain & Company today. Bain has committed to purchasing 9,000 metric tons of carbon dioxide removal (CDR) credits over the next three years, utilizing Direct Air Capture (DAC) technology. This partnership marks Bain’s first venture into acquiring DAC removal credits, aimed at reducing residual operational emissions as part of its commitment to achieving net negative emissions.

Key Details of the Agreement

The 9,000 tons of captured CO2 correspond to the emissions produced by approximately 10,000 long-haul roundtrip flights in economy class. The CDR credits will be sourced from STRATOS, 1PointFive's cutting-edge DAC facility located in Texas, which is currently initiating start-up operations. As a subsidiary of Occidental (NYSE: OXY), 1PointFive harnesses over five decades of carbon management expertise for the effective delivery of commercial-scale DAC solutions.

Implications for Carbon Management

The captured carbon dioxide will be securely stored through advanced geologic sequestration methods. “This collaboration with Bain & Company underscores our mutual dedication to innovation in the carbon management arena,” stated Anthony Cottone, President and General Manager of 1PointFive. “This agreement signifies a crucial advancement for DAC technology, contributing to the growth of essential domestic infrastructure.”

Bain & Company’s Commitment to Sustainability

Bain & Company, known for its comprehensive carbon credit sourcing initiatives, has invested heavily in high-integrity carbon removal technologies, totaling 1.1 million tonnes over the last five years. Sam Israelit, Bain’s Chief Sustainability Officer, emphasized the importance of this partnership: “We are proud to partner with 1PointFive and enhance our portfolio of engineered carbon removal technologies. Their proven success in developing DAC infrastructure uniquely positions them as leaders in this critical sector.”

About 1PointFive

1PointFive specializes in CCUS, providing integrated solutions that help organizations effectively manage carbon dioxide emissions. Through its large-scale Direct Air Capture facilities and geologic sequestration hubs, the company aims to ensure reliable carbon removal and storage while promoting low-carbon product development. For more information, visit 1PointFive.com.

About Bain & Company

Bain & Company operates globally, assisting visionary leaders to navigate change and redefine industries. With a presence in 65 cities across 40 countries, Bain utilizes its extensive resources to foster extraordinary results for its clients, while also investing more than $2 billion in pro bono services to address pressing challenges in various sectors, including the environment. Visit Bain.com to learn more about their services.

Forward-Looking Statements

This release includes forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995, concerning the agreement's benefits and its effects on carbon emissions and the deployment of DAC technology by Occidental (NYSE: OXY). Readers should not place undue reliance on these future projections, as they reflect current expectations and involve various risks and uncertainties that could cause actual outcomes to differ materially from those anticipated. For detailed disclosures, please refer to Occidental’s filings with the U.S. Securities and Exchange Commission, available at oxy.com.

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