HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 16.May.2025, Words: 487) — Occidental (Oxy) and its subsidiary 1PointFive reached an agreement with XRG, ADNOC‘s investment company, to evaluate a potential joint venture (JV) to develop a direct air capture (DAC) facility in South Texas.
The strategic DAC framework agreement was signed by Occidental president and CEO Vicki Hollub and ADNOC Group CEO Dr. Sultan Ahmed Al Jaber, during US President Donald J. Trump’s state visit to the United Arab Emirates (UAE).
