STRATOS DAC plant — 500,000 tons/year CO2 capture, Ector County, Texas (~$1.3B total project)
BlackRock Diversified Infrastructure invests $550M for ~50% JV stake in STRATOS — world's largest DAC facility under construction. Total project cost $1.3B+. Construction ~30% complete at time of close. CDR credits already pre-sold to Amazon, Airbus, ANA, TD Bank Group, Houston Astros, Houston Texans. EPA Class VI permits secured April 2025. Operational 2025.
$550M
Deal Value
Carbon Capture & DAC
Technology
TX
Location
Deal Details
- Deal Type
- Strategic & Growth Capital
- Seller / Sponsor
- 1PointFive (Occidental subsidiary)
- Buyer / Financier
- BlackRock (Diversified Infrastructure)
- Deal Value
- $550M
- Stage
- Construction
- ISO/RTO
- ERCOT
- Source
- Occidental
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