Advance product sales for this facility, including agreements with Airbus, Shopify and ThermoFisher, and offtake frameworks, like the agreement with SK Trading International, signal the increasing demand from the voluntary market for large-scale, DAC-enabled climate solutions. The company estimates that up to 135 DAC facilities could be deployed with an increase in global policy initiatives and demand in the voluntary market.ġPointFive’s first DAC facility is progressing through front-end engineering and design (FEED) and is expected to be operational in late 2024 in Texas. The deployment approach also enables the swift introduction of next generation improvements into commercial facilities.ġPointFive has announced a scenario of deploying 70 DAC facilities by 2035, each with an expected capacity of up to 1 million tonnes per year, under current policy and voluntary and compliance market scenarios. Local partners will complete the team, bringing complementary experience and regional expertise.įrom CE’s dedicated DAC development and innovation centre in British Columbia, Canada, CE and 1PointFive are continuing to optimize DAC technology in real-world operations and reduce the cost of capture per tonne. CE will provide the DAC technology, while 1PointFive will build and deploy the DAC plants, leveraging Oxy’s strong project engineering and delivery expertise. This approach combines the partners’ DAC technology, large-scale carbon dioxide management, project experience and extensive storage infrastructure. Through this process, plant components and equipment will be modularized, mass manufactured and then assembled on-site using an established supply chain of vendors. The deployment approach standardizes the design of plants to help deliver complete, operationally ready DAC facilities to local partners. (CE), a climate solutions company, announced a Direct Air Capture (DAC) plant deployment approach to help execute large numbers of DAC projects around the world. HOUSTON, Texas and SQUAMISH, British Columbia (June 7, 2022) - 1PointFive, a subsidiary of Occidental's (NYSE: OXY) Low Carbon Ventures business, and Carbon Engineering Ltd. 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 capture millions of tonnes of carbon dioxide from the atmosphere.

Tuesday, J8:30 AM ET 1PointFive and Carbon Engineering Announce Direct Air Capture Deployment Approach to Enable Global Build-Out of Plants

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