Weyerhaeuser gives first CCS lease to Occidental subsidiary

Oxy Low Carbon Ventures subsidiary 1PointFive will develop the pore space for a potential sequestration project

Direct Air Capture: a rendering of the Permian basin direct air capture (DAC) plant being built by 1PointFive, the development company formed by Oxy and Rusheen Capital Management to deploy Carbon Engineering’s DAC technology in the US.
Direct Air Capture: a rendering of the Permian basin direct air capture (DAC) plant being built by 1PointFive, the development company formed by Oxy and Rusheen Capital Management to deploy Carbon Engineering’s DAC technology in the US.Image: CARBON ENGINEERING
Published 4 April 2022, 15:18Updated 4 April 2022, 15:19