1PointFive Selected for U.S. Department of Energy Grant to Develop South Texas Direct Air Capture Hub
HOUSTON, Aug. 11, 2023 (GLOBE NEWSWIRE) -- 1PointFive , a wholly owned subsidiary of Occidental, announced today it was selected to receive a grant from the U.S. Department of Energy’s Office of Clean Energy Demonstrations (OCED) for the development of its South Texas Direct Air Capture (DAC) Hub.
- HOUSTON, Aug. 11, 2023 (GLOBE NEWSWIRE) -- 1PointFive , a wholly owned subsidiary of Occidental, announced today it was selected to receive a grant from the U.S. Department of Energy’s Office of Clean Energy Demonstrations (OCED) for the development of its South Texas Direct Air Capture (DAC) Hub.
- The selection enables 1PointFive to enter award negotiations with OCED and work in partnership to establish the South Texas DAC Hub.
- 1PointFive, along with its partners Carbon Engineering and Worley, is working on the front-end engineering and design for the first DAC plant slated for the South Texas Hub.
- The first DAC plant at the South Texas DAC Hub is expected to create approximately 2,500 jobs in construction, operations and maintenance.