News & Updates

Occidental, 1PointFive to Begin Construction of World’s Largest Direct Air Capture Plant in the Texas Permian Basin
August 25, 2022

Plant will advance large-scale carbon capture to help Oxy and others reduce emissions and accelerate their respective paths to net zero Captured carbon can be safely and securely sequestered in … read all

This moment in climate history belongs to the U.S. Inflation Reduction Act
August 19, 2022

This week, Carbon Engineering (CE) was thrilled to join the world in watching President Joe Biden sign the Inflation Reduction Act (IRA) into law. With incentives that span various sectors … read all

Direct Air Capture & Net Zero Aviation: An Update
July 26, 2022

As the global aviation industry works towards net zero, important developments, progress and commitments are happening at a rapid pace. It can be challenging to keep up with all the … read all

1PointFive & Carbon Engineering Announce Direct Air Capture Deployment Approach to Enable Global Build-Out of Plants
June 7, 2022

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 … read all

1PointFive announces agreement with Airbus for the purchase of 400,000 tonnes of carbon removal credits
March 17, 2022

Purchase marks a key milestone for the decarbonization of the aviation industry HOUSTON — March 17, 2022 —1PointFive, a subsidiary of Occidental’s (NYSE: OXY) Oxy Low Carbon Ventures business, announced … read all

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