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1PointFive, a carbon capture, utilization and sequestration (CCUS) company, held a groundbreaking ceremony for its first-of-its-kind DAC facility, STRATOS. 1PointFive was joined by project partners from Oxy, Carbon Engineering and Worley for the shovel turn. 

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1PointFive, a carbon capture, utilization and sequestration company, and the Houston Astros, announced today the team has agreed to purchase carbon dioxide (CO₂) removal credits from 1PointFive’s Direct Air Capture (DAC) plant under construction in Ector County, Texas

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The 55,000-acre site has resource potential to store approximately 1.2 billion metric tons of carbon dioxide to provide a carbon removal solution for industrial facilities

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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 operational in late 2024

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Lease agreement provides 106,000-acres in Texas with pore space estimated to accommodate up to 3 billion metric tons of carbon sequestration

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Plant will advance large-scale carbon capture to help Oxy and others reduce emissions and accelerate their respective paths to net zero

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1PointFive plans to use the approximately 27,000 acres to expand its carbon sequestration hub business

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This approach is designed to facilitate the delivery of Direct Air Capture (DAC) plant rollout and financing, and supports a development scenario of 70 DAC plants online by 2035 to capture millions of tonnes of carbon dioxide from the atmosphere

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OLCV subsidiary 1PointFive establishing sequestration business to build first in a series of hubs to permanently store carbon emissions

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The sale of 400,000 tonnes of carbon removal credits from its planned first Direct Air Capture (DAC) facility using Carbon Engineering’s DAC solution to aerospace leader Airbus. Purchase marks a key milestone for the decarbonization of the aviation industry

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Global EPC firm Worley has been awarded the initial engineering phase of 1PointFive’s first direct air capture facility, the first commercial scale deployment of Carbon Engineering’s direct air capture technology

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