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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

News

Amazon to Purchase Carbon Credits from Occidental's 1PointFive

Amazon’s agreement is the technology industry’s largest agreement with Occidental Petroleum subsidiary 1PointFive.

Occidental Leaps into DAC, but Will Costs Drag it Down?

Occidental Petroleum is taking a multibillion-dollar leap into direct air capture (DAC), recently inking a $1.1 billion deal to acquire technology partner Carbon Engineering. But can the company bring down costs for its DAC dreams?

Occidental Petroleum Gears Up for Digital Transformation

The operator is working with Amazon Web Services to migrate to the cloud in order to reduce capex and gain access to software-defined technology.

Occidental, Battelle-led DAC Projects Land Up To $1.2 Billion in Funding From US

The demonstration projects aim to kickstart and advance development of the nation’s first two commercial-scale DAC facilities.

Japanese Airline First to Purchase Carbon Credits from 1PointFive

All Nippon Airways is the first airline to sign a purchase agreement with 1PointFive for carbon removal credits.