STRATOS Direct Air Capture (DAC) plant — world's largest, 500,000 mt/year CO2 removal, Ector County TX
Occidental sanctions STRATOS DAC plant in Ector County, TX — first commercial-scale Direct Air Capture project (>$1B), world's largest at 500,000 mt CO2/year removal. Built by 1PointFive. Uses Carbon Engineering technology. Commercial operations targeted mid-2025. Foundation for Occidental DAC build-out strategy. Pre-IRA sanctioning (Aug 2022); IRA's 45Q expansion to $180/mt for DAC dramatically improved economics.
$1.00B
Deal Value
Carbon Capture & DAC
Technology
TX
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Occidental Petroleum / 1PointFive (subsidiary)
- Buyer / Financier
- Occidental + tax credits + customer prepays
- Deal Value
- >$1B
- Stage
- Construction
- ISO/RTO
- ERCOT
- Source
- Occidental Petroleum
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