HOUSTON, TEXAS (By Isaac Silvestre, Energy Analytics Institute, 24.Jun.2025, Words: 329) — JPMorganChase entered a deal with 1PointFive for the purchase of 50,000 metric tons of carbon dioxide removal (CDR) credits over 10 years enabled by direct air capture (DAC). 1PointFive’s first DAC facility, STRATOS, is currently under construction in Ector County, Texas. Once complete this facility is expected to […]
Tag: 1PointFive
Oxy’s 1PointFive and ADNOC’s XRG to evaluate JV to develop south Texas DAC hub
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 […]