1PointFive
About
1PointFive, a wholly owned subsidiary of Occidental Petroleum, is a carbon capture, utilization and sequestration (CCUS) company working to help curb global temperature rise to 1.5°C by 2050 through the deployment of decarbonization solutions, including Carbon Engineering's direct air capture (DAC) and AIR TO FUELS™ technologies alongside geologic sequestration hubs.
Headquarters Address
United States
Website
www.1pointfive.comNews
1PointFive to Sell CO2 Removal Credits to JPMorgan Chase
The credits are issued over a 10-year period and will be produced from STRATOS, 1PointFive’s direct air capture facility in Texas.
DNV: Turning Point Arrives for CCS
The Northern Lights joint venture and Occidental’s 1PointFive are among the companies moving CCS projects forward.
Oxy, ADNOC Evaluating JV to Develop Texas Direct Air Capture Hub
Occidental Petroleum is exploring a joint venture in which ADNOC’s XRG would invest up to $500 million for the development of a direct air capture facility in South Texas.
Oxy’s Non-Oil, Gas Projects to Add $1B in Free Cash Flow
Occidental Petroleum’s cash flow improvements are expected as spending falls for projects, such as 1PointFive’s Stratos direct air capture, which will augment its ongoing oil and gas efficiency improvements.
CF Industries Form JV to Build $4B Low-Carbon Ammonia Project in Louisiana
CF Industries has reached a FID with JERA and Mitsui for an ammonia production facility in Louisiana. CF Industries sealed a deal with Occidental’s 1PointFive to capture and store CO2 from the facility.
Oxy’s Stratos Direct Air Capture Project Nears Finish Line
Stratos Phase 1 is 94% complete overall and 98% complete on construction, Occidental Petroleum says.
Solar, Clean Energy Face Headwinds Amid Post-Election Uncertainty
With a new Trump administration taking charge, renewable energy, including solar, may face headwinds that stagnate project development or continue it at a slower pace, analysts say.
Energy Transition in Motion (Week of Jan. 10, 2025)
Here is a look at some of this week’s renewable energy news, including guidance on technology-neutral clean electricity credits.
Oxy CEO Hollub Sees More Consolidation Coming in Permian, Globally
Occidental Petroleum CEO Vicki Hollub names emissions and water management as top challenges for Permian operators and an incentive for growth.
Occidental CEO Sees Bipartisan DAC Support as Projects Advance
Occidental Petroleum CEO Vicki Hollub said the next president will be positive for the U.S. energy industry, especially direct air capture.
1PointFive Taps Enterprise Products for CO2 Pipeline Network
The network will carry captured carbon from the Houston Ship Channel to a southeast Texas sequestration hub.
Oxy’s 1PointFive Lands US Funding for Carbon Sequestration Hubs
1PointFive plans to use the funding to advance site characterization activities, permitting and environmental approvals for construction at each hub, Occidental said.
Optimizing Direct Air Capture Similar to Recovering Spilled Wine
Direct air capture technologies are technically and financially challenging, but efforts are underway to change that.
Oxy’s 1PointFive Lands Federal Funds for South Texas DAC Hub
DAC technologies can pull CO2 directly from the atmosphere anywhere, avoiding the need to be near the point of emissions.
Artificial Lift Meets Artificial Intelligence, with Hit and Miss Results
Oxy and Chevron are among companies trying to find the sweet spot between data analytics and machine learning with human intervention to optimize production and predict failures before they happen.