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LATEST
NEWS FROM 1POINTFIVE
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.
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
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
06.27.22
1PointFive plans to use the approximately 27,000 acres to expand its carbon sequestration hub business
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
03.28.22
OLCV subsidiary 1PointFive establishing sequestration business to build first in a series of hubs to permanently store carbon emissions
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
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
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