ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 6.May.2026, Words: 187) — Occidental (OXY) said construction of Phase 2 of the STRATOS direct air capture (DAC) facility is now complete. This is the second 250,000 tons per year of capacity. It includes the final 2 air contactor trains and updated pellet […]
Tag: dac
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 […]
Aramco Launches Saudi Arabia’s First CO2 Direct Air Capture Test Unit
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 20.Mar.2025) — Aramco launched the Kingdom’s first CO2 Direct Air Capture (DAC) test unit, capable of removing 12 tons per year (t/y) of carbon dioxide from the atmosphere. The pilot plant, developed in collaboration with Siemens Energy, represents a significant step in Aramco’s […]
Oxy and BlackRock JV to Develop STRATOS DAC Plant
(Oxy, 7.Nov.2023) — Occidental (NYSE: OXY) announced today that BlackRock (NYSE: BLK) will invest $550mn on behalf of clients in the development of STRATOS, the world’s largest Direct Air Capture (DAC) facility, in Ector County, Texas. Through a fund managed by its Diversified Infrastructure business, BlackRock has signed a definitive agreement to form […]
ADNOC and Occidental to Advance Direct Air Capture Project in the UAE
(ADNOC, 3.Oct.2023) — ADNOC and Occidental announced an agreement to undertake a joint preliminary engineering study for the construction of the first megaton-scale direct air capture (DAC) facility outside the United States (US). Highlights: — Companies to jointly fund engineering study into first megaton direct air capture facility in the […]
Oxy, ADNOC to Commence Study of a DAC Facility in the UAE
(Oxy, 3.Oct.2023) — Occidental (NYSE: OXY) announced that its subsidiary 1PointFive and ADNOC signed an agreement to commence a jointly funded preliminary engineering study for a 1 million tonne-per-year Direct Air Capture (DAC) facility in the United Arab Emirates. The Joint Study Agreement for the DAC facility, signed at the ADIPEC […]