Occidental and its subsidiary 1PointFive begin plans for new direct air capture plant
Occidental and its subsidiary 1PointFive plan to begin detailed engineering and early site construction for their first large-scale direct air capture (DAC) plant in Ector County, Texas.
The first stage of construction, which includes site preparation and road work, is scheduled to begin in the third quarter of this year and start-up is expected in late 2024.
Upon completion, the first DAC plant will be an important step in advancing Oxy’s low-carbon strategy to deliver large-scale carbon management solutions that accelerate a net-zero economy.
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.
1PointFive has announced a scenario to deploy 70 DAC facilities worldwide by 2035 under current compliance and market scenarios.
“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. “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.”
“Construction of this transformative facility begins our journey toward providing commercial-scale DAC solutions that reduce and remove carbon emissions,” said Richard Jackson, president, US onshore resources and carbon management, operations, Oxy. “This plant’s development is rooted in our carbon management expertise, strong record of delivering major projects and existing infrastructure that supports the commercialization of carbon capture, utilization and storage technologies.
“This plant could also anchor future low carbon projects and strengthen our portfolio of carbon management solutions.”
“Carbon Engineering has been innovating for more than a decade to deliver climate solutions at megaton scale,” said Daniel Friedmann, CEO, Carbon Engineering. “Now, with construction starting on this first, large-scale facility, we are seeing our vision become a reality. In collaboration with our partners at 1PointFive and Oxy, today marks a pivotal moment in the deployment of Carbon Engineering’s large-scale direct air capture solutions.”
The first stage of construction, which includes site preparation and road work, is scheduled to begin in the third quarter of this year and start-up is expected in late 2024.
Upon completion, the first DAC plant will be an important step in advancing Oxy’s low-carbon strategy to deliver large-scale carbon management solutions that accelerate a net-zero economy.
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.
1PointFive has announced a scenario to deploy 70 DAC facilities worldwide by 2035 under current compliance and market scenarios.
“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. “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.”
“Construction of this transformative facility begins our journey toward providing commercial-scale DAC solutions that reduce and remove carbon emissions,” said Richard Jackson, president, US onshore resources and carbon management, operations, Oxy. “This plant’s development is rooted in our carbon management expertise, strong record of delivering major projects and existing infrastructure that supports the commercialization of carbon capture, utilization and storage technologies.
“This plant could also anchor future low carbon projects and strengthen our portfolio of carbon management solutions.”
“Carbon Engineering has been innovating for more than a decade to deliver climate solutions at megaton scale,” said Daniel Friedmann, CEO, Carbon Engineering. “Now, with construction starting on this first, large-scale facility, we are seeing our vision become a reality. In collaboration with our partners at 1PointFive and Oxy, today marks a pivotal moment in the deployment of Carbon Engineering’s large-scale direct air capture solutions.”
