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Latest news from 1PointFive

03.13.2024

1PointFive and AT&T Announce Direct Air Capture Carbon Removal Agreement

1PointFive, a carbon capture, utilization and sequestration (CCUS) company, today announced that AT&T has agreed to purchase carbon dioxide removal (CDR) credits from STRATOS, 1PointFive’s first large-scale Direct Air Capture (DAC) facility that is currently under construction in Texas.

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01.16.2024

1PointFive and Trafigura Announce Direct Air Capture Carbon Removal Credit Agreement

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.

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01.11.2024

1PointFive and Boston Consulting Group Announce Strategic Agreement for Direct Air Capture Carbon Removal Credits

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.

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11.07.2023

Occidental and BlackRock Form Joint Venture to Develop STRATOS, the World’s Largest Direct Air Capture Plant

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.

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11.01.2023

1PointFive and TD Announce One of the Finance Industry’s Largest Purchases of Direct Air Capture Carbon Removal Credits

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.

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09.12.2023

1PointFive and Amazon Announce 10-year Carbon Removal Credit Purchase Agreement

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.

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08.11.2023

1PointFive Selected for U.S. Department of Energy Grant to Develop South Texas Direct Air Capture Hub

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.

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08.01.2023

ANA Announces Carbon Dioxide Removal Purchase from 1PointFive

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.

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04.28.2023

1PointFive Holds Groundbreaking for World's Largest Direct Air Capture (DAC) Plant

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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03.07.2023

1PointFive and the Houston Astros announce Direct Air Capture Carbon Removal Credit Agreement

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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03.02.2023

1PointFive Announces Plan to Develop a Carbon Capture and Sequestration Hub in Southeast Texas

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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01.06.2023

1PointFive announces agreement with Houston Texans to purchase carbon removal credits and become the team's Preferred Carbon Removal Partner

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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10.31.2022

Occidental and 1PointFive, King Ranch Reach Lease Agreement to Support up to 30 Direct Air Capture Plants on Leased Acreage

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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08.25.2022

Occidental, 1PointFive to Begin Construction of World’s Largest Direct Air Capture Plant in the Texas Permian Basin

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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06.27.2022

1PointFive and Manulife Investment Management announce lease agreement for a carbon capture and sequestration project in Louisiana

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

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06.07.2022

1PointFive and Carbon Engineering Announce Direct Air Capture Deployment Approach to Enable Global Build-Out of Plants

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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03.28.2022

Oxy Low Carbon Ventures and Weyerhaeuser reach lease agreement for a carbon capture and sequestration project in Louisiana

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

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03.17.2022

1PointFive announces agreement with Airbus

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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02.22.2021

1PointFive Selects Worley for FEED on Milestone Direct Air Capture Facility

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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