Occidental’s 1PointFive Gets $500M DOE Boost

Occidental's Carbon Capture Milestone

Occidental Petroleum's carbon capture and sequestration unit, 1PointFive, has achieved a significant milestone. This unit recently announced that it has secured up to $500 million from the U.S. Department of Energy (DOE)'s Office of Clean Energy Demonstrations. This funding is aimed at supporting the development of its South Texas Direct Air Capture (DAC) Hub.