“Construction of this transformative facility begins our journey toward providing commercial-scale DAC solutions that reduce and remove carbon emissions,” said Richard Jackson, President, U.S. “We are fortunate to partner with Carbon Engineering and Worley, who share our vision in creating a carbon removal industry that can accelerate the path to net zero.” “The construction of Oxy’s first DAC plant is an important milestone on the pathway to achieving our net-zero ambitions and helping the world meet the Paris Agreement’s climate goals,” said Vicki Hollub, President and CEO, Oxy. The focus is on carbon capture and energy efficiency, as well as operating cost improvements during the life of the plant. 1PointFive has also agreed on substantive terms with Worley for engineering, procurement, and construction (EPC) services, and expects to work toward a definitive agreement for the EPC contract by the end of the year.ġPointFive and Carbon Engineering continue to progress innovation workstreams to improve the DAC technology at the Innovation Centre.
1PointFive partnered with Carbon Engineering, a climate solutions company, to commercialize and deploy DAC technology at scale.
The decision to proceed with construction follows the successful completion of a Front-End Engineering and Design (FEED) study and extensive testing and validation at the Carbon Engineering Innovation Centre. 1PointFive has announced a scenario to deploy 70 DAC facilities worldwide by 2035 under current compliance and market scenarios. Once operational, the plant is expected to capture up to 500,000 metric tons of carbon dioxide per year with the capability to scale up to 1 million metric tons per year. Upon completion, the first DAC plant will be the world’s largest of its kind and would be an important step in advancing Oxy’s low-carbon strategy to deliver large-scale carbon management solutions that accelerate a net-zero economy. The first stage of construction, which includes site preparation and road work, is scheduled to begin in the third quarter of 2022 and start-up is expected in late 2024. 25, 2022 (GLOBE NEWSWIRE) - Occidental (NYSE: OXY) and its subsidiary 1PointFive today announced they plan to begin detailed engineering and early site construction for their first large-scale Direct Air Capture (DAC) plant in Ector County, Texas, near Oxy’s portfolio of acreage and infrastructure that are conducive to safe and secure storage of carbon dioxide. Captured carbon can be safely and securely sequestered in saline formations or used to produce low carbon products.Plant will advance large-scale carbon capture to help Oxy and others reduce emissions and accelerate their respective paths to net zero.
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