Published by Teresa on August 7, 2023
July 27, 2023 05:14 AM Eastern Daylight Time
TOKYO--(BUSINESS WIRE)-- Nippon Sanso Holdings Corporation (“NSHD”, President CEO: Toshihiko Hamada) hereby announces that Matheson Tri-Gas, Inc. ("Matheson", headquartered in Texas, U.S.), NSHD’s U.S. operating company entered into a gas supply agreement with 1PointFive to provide oxygen for the carbon capture, utilization and sequestration company’s first Direct Air Capture (DAC*) plant in Texas.
Matheson will invest in and establish an Air Separation Unit to supply Oxygen to “Stratos”, 1PointFive’s DAC plant under construction in Ector County, Texas. The Oxygen is used in the DAC process to produce a pure stream of CO2 which is then securely sequestered in geologic reservoirs.
>> In Company Spotlight: 1PointFive
Stratos is expected to commence operations in mid-2025 and capture up to 500,000 tons of CO2 per year when fully operational, making it the world’s largest DAC plant.
The Oxygen solution was developed by Matheson’s onsite business unit in collaboration with our leading technology and engineering partners. The solution targets flexibility and reliable plant operations.
This initiative demonstrates Matheson’s commitment to significant growth through gases supply for highly strategic, commercially sound projects and represents an additional dimension for its onsite footprint. This will strengthen its presence in the growth segment within the Southern United States.
NSHD Group is pursuing multiple business and program initiatives to select customers for carefully selected projects toward carbon neutral society. We are committed to continue to explore opportunities to realize growth and a carbon-neutral society by expanding this business on a global scale.
>> In Other News: AquaTech Process Technology Selected for 1PointFive's Inaugural Direct Air Capture (DAC) Facility, Stratos
The technology that 1PointFive will utilize is one developed by Carbon Engineering of Canada, which absorbs CO2 from the air using potassium hydroxide (KOH) solution.
NSHD Group is the world's fourth-largest supplier of industrial, electronic, and medical gases, operating in four geographic regions - Japan, U.S., Europe and Asia & Oceania - covering over 30 countries and regions. In addition, the Thermos business supplies THERMOS branded products to more than 120 countries worldwide. Since its foundation as Nippon Sanso Ltd. in 1910, the group stands for creating social value through innovative gas solutions that increase industrial productivity, enhance human well-being and contribute to a more sustainable future. With more than 19,000 employees, together, we are “The Gas Professionals” and we all have the same goal: “Making life better through gas technology”
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside this Issue ✈️ U.S. Department of the Treasury, IRS Release Guidance to Drive American Innovation, Cut Aviation Sector Emissions 🛫 ESS Technology Takes Off at Schiphol to Decarbonize Air Tra...
Inside this Issue 🔩 Air Products to Showcase Decarbonization Solutions for Iron and Steel Production at AISTech2024 🌐 Plug Signs MOU with Allied Green Ammonia for 3GW of Electrolyzer Supply at Wor...
Inside this Issue 🎯 Carbon Clean Achieves Fabrication Milestone on Flagshipone With the Project’s First Carbon Capture Unit Module 🚍 Powering Clean Commutes: Ballard and Wrightbus Team Up for Hydr...
Hyzon and New Way Unveil North America's First Hydrogen Fuel Cell Refuse Truck at Waste Expo
_The Class 8 fuel cell-powered electric refuse collection vehicle heads next to Recology in California to showcase its zero-emissions and operational capabilities_ LAS VEGAS, May 7, 2024 /PRNews...
NewHydrogen CEO Steve Hill Discusses Sustainability with a UC Davis Expert
**Dr. Kurt Kornbluth explores the importance of interdisciplinary collaboration, energy conservation and generation efforts at UC Davis campus** SANTA CLARITA, Calif., May 07, 2024 (GLOBE NEWSWI...
STOCKHOLM, May 7, 2024 /PRNewswire/ -- [**Metacon AB**](https://www.metacon.com) **(publ) and** [**Siemens AB**](https://www.siemens.com) **have signed a Memorandum of Understanding to enter into a...
* **Five-year contract will deliver emissions reductions of 100,000 metric tons of CO2— equivalent to flying 177,000 economy-class passengers round trip between Boston and London1** * **100,00...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.