On December 11, Nippon Yusen Kabushiki Kaisha (hereinafter referred to as "NYK") and ENEOS Holdings, Inc. (hereinafter referred to as "ENEOS") signed a memorandum of understanding regarding the purchase and sale of marine fuel accompanied by Carbon Dioxide Removal credits (hereinafter referred to as "CDR credits") generated through Direct Air Capture with Carbon Storage (hereinafter referred to as "DACCS").
This memorandum stipulates that ENEOS will procure CDR credits generated through the removal and underground storage of CO₂ from the DACCS plant that 1PointFive (headquartered in the USA, Texas) plans to operate starting in 2025, and sell them together with marine fuel supplied by ENEOS to NYK for five years starting in 2028. DACCS is one of the negative emission technologies that enables the removal of greenhouse gases that cannot be reduced through energy-saving and conversion to next-generation fuels, and it is an innovative technology that contributes to achieving net zero in the energy sector.
NYK and ENEOS will actively engage in the development and dissemination of greenhouse gas emission reduction technologies, including DACCS, contributing to the realization of a carbon-neutral society.
Based on the "NYK Group Decarbonization Story" announced in November 2023, NYK is promoting CO₂ reduction towards achieving net zero by 2050 through maximizing energy efficiency and transitioning from conventional fossil fuels to next-generation fuels like LNG, ammonia, and Methanol. Additionally, for residual emissions that cannot be avoided despite reduction efforts, offsets will be implemented through CDR credits, aiming for net zero CO₂ emissions through both reduction and removal approaches.
Based on the "Third Medium-Term Management Plan and Basic Carbon Neutrality Plan" published in May 2023, the ENEOS Group is working towards achieving net-zero not only for itself but also for society as a whole by suppressing and absorbing its own CO₂ emissions through technologies like CCS, forest absorption, and DACCS, as well as by promoting energy transition through hydrogen, biofuels, and renewable energy to reduce emissions across society. Additionally, by rolling out "Carbon Offset Fuels" announced in January 2024, it contributes to voluntary efforts within the society.
1PointFive is a company involved in carbon capture, utilization, and storage (CCUS), aiming to limit global warming to 1.5°C by 2050 through the deployment of decarbonization solutions including Direct Air Capture technology and AIR TO FUELS solutions developed by Carbon Engineering, headquartered in British Columbia, Canada, which directly captures and stores CO₂ from the atmosphere, as well as underground storage hubs. The Direct Air Capture technology helps shipping companies progress towards their emission reduction targets during the transition period until low-carbon fuels are widely adopted, addressing residual emissions from alternative fuels.

1PointFive's DACCS plant "STRATOS" (provided by 1PointFive).

Nippon Yusen Kabushiki Kaisha: Public Relations Group Reporting Team nykjp.ml.media@nykgroup.com
ENEOS Corporation: Public Relations Media Relations Group pr@eneos.com