The Time has Come for Direct Air Capture
Multiple projections have been conducted by governments, coalitions and international panels which all state the same thing: We must act now to avoid a 1.5°C or greater rise in global temperatures—a climate change scenario that could endanger both the planet and the lives of future generations.
Recent scientific research has indicated that to limit global temperature rise to 1.5°C, global emissions need to reach net-zero by 2050. Even with aggressive emissions reduction, the IPCC and other scientific bodies have concluded that up to 20 Gigatons—that’s 20 billion tons—of CO2 will have to be actively removed from the atmosphere annually by mid-century to meet the 1.5°C target.
Fortunately, a key technology has emerged to help us reduce both future emissions and existing atmospheric CO2: Direct Air Capture (DAC). That's where 1PointFive comes in. We are taking action by leading the effort for industrial-scale commercialization of DAC in the United States by partnering with the global DAC technology leader, Carbon Engineering.
Pulling CO2 Directly From the Atmosphere
With the advent of DAC technology, we can decouple carbon capture from the point of emission by pulling CO2 directly from the atmosphere. This critical step forward provides a way to remove CO2 that is currently in the atmosphere, including historical emissions and address emissions from hard-to-decarbonize industries such as long-haul trucking, maritime and aviation.
DAC can remove the excess CO2 in the atmosphere from past emissions.
A single 1 million ton-per-year DAC facility
can do the work of 40 million trees.
Building the Future
1PointFive was born out of a partnership between Oxy Low Carbon Ventures and Rusheen Capital Management—merging Occidental's leadership in CO2 management and storage with the commercialization prowess and carbon-to-value vision of Rusheen. Our vision is to leverage these unique strengths in order to deliver Carbon Engineering's Direct Air Capture technology on an industrial scale throughout the United States.
With Direct Air Capture, we can
go beyond net-zero emissions to achieve net-negative emissions.