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: direct air capture
Mitsubishi Invests in Heirloom’s Carbon Technologies
(Energy Analytics Institute, 5.Dec.2024) — Mitsubishi Corporation made a significant investment in Heirloom Carbon Technologies, Inc. and a Direct Air Capture (DAC) facility. The announcements comes as Heirloom completed its＄150mn fundraising round. This strategic investment reflects Mitsubishi’s commitment to exploring direct participation in future DAC projects being developed by Heirloom, […]
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 […]
Houston Texans to Purchase Carbon Removal Credits
(Oxy, 6.Jan.2023) — 1PointFive, a subsidiary of Occidental’s (NYSE: OXY) Low Carbon Ventures (OLCV) business, today announced an agreement and sponsorship with the Houston Texans whereby the Texans have agreed to purchase carbon dioxide (CO2) removal credits from 1PointFive’s first Direct Air Capture (DAC) plant, which is expected to be […]