top of page

LATEST
NEWS FROM 1POINTFIVE

news_Large Circle Grey.png
1P5 sphere_news
button link to media resource center

01.16.2024

1PointFive, a carbon capture, utilization and sequestration (CCUS) company, and Trafigura, a market leader in the global commodities industry, today announced that Trafigura has agreed to purchase carbon dioxide removal (CDR) credits to be produced from 1PointFive’s first industrial-scale Direct Air Capture (DAC) facility, STRATOS, which is currently under construction in Texas.

CTA Arrow Blue.png

01.11.2024

1PointFive, a carbon capture, utilization, and sequestration (CCUS) company, and Boston Consulting Group (BCG), one of the world’s leading management consulting firms, today announced that BCG agreed to purchase 21,000 metric tons of carbon dioxide removal (CDR) credits from 1PointFive over three years.

CTA Arrow Blue.png

11.07.23

Occidental announced today that BlackRock will invest $550 million on behalf of clients in the development of STRATOS, the world's largest Direct Air Capture (DAC) facility, in Ector County, Texas.

CTA Arrow Blue.png

11.01.23

1PointFive, a carbon capture, utilization and sequestration company, and TD Bank Group (TD), today announced a purchase of carbon dioxide removal (CDR) credits from STRATOS – 1PointFive’s first Direct Air Capture (DAC) plant currently under construction in Texas. 

CTA Arrow Blue.png

08.11.23

1PointFive, a wholly owned subsidiary of Occidental, announced today it was selected to receive a grant from the U.S. Department of Energy’s Office of Clean Energy Demonstrations (OCED) for the development of its South Texas Direct Air Capture (DAC) Hub. The hub, to be located on the King Ranch in Kleberg County, is expected to include the world’s first DAC plant designed to remove up to 1 million metric tons of CO₂ per year.

CTA Arrow Blue.png

09.12.23

1PointFive, a carbon capture, utilization and sequestration company, today announced that Amazon (NASDAQ: AMZN) has agreed to purchase 250,000 metric tons of carbon dioxide removal (CDR) credits over 10 years. The agreement furthers Direct Air Capture (DAC) as a viable carbon removal solution to help organizations further their climate goals. 

CTA Arrow Blue.png

08.01.23

ANA has become the first airline in the world to sign a purchase agreement with 1PointFive for carbon dioxide removal (CDR) credits enabled by Direct Air Capture. This purchase aims to further diversify the ANA Group’s decarbonization methods to achieve carbon neutrality by 2050.

CTA Arrow Blue.png

04.28.23

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. 

CTA Arrow Blue.png

03.07.23

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

CTA Arrow Blue.png

03.02.23

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

CTA Arrow Blue.png

01.06.23

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

CTA Arrow Blue.png

10.31.22

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

CTA Arrow Blue.png

08.25.22

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

CTA Arrow Blue.png

06.27.22

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

CTA Arrow Blue.png

06.07.22

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

CTA Arrow Blue.png

03.28.22

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

CTA Arrow Blue.png

03.17.22

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

CTA Arrow Blue.png

02.22.21

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

CTA Arrow Blue.png
bottom of page