United StatesPart of Oxy1pointfive.com
Its role Owner
1PointFive is a carbon capture, utilization, and sequestration (CCUS) company and a wholly owned subsidiary of Occidental Petroleum Corporation (Oxy). Headquartered in Houston, Texas, it develops and operates large-scale direct air capture (DAC) facilities and geologic sequestration hubs to remove carbon dioxide from the atmosphere and store it permanently underground or enable its use in low-carbon products and fuels.
The company leverages DAC technology from Carbon Engineering (acquired by Oxy) to build projects including the Stratos facility in Ector County, Texas (near Odessa), designed to capture up to 500,000 metric tons of CO2 per year, and the South Texas DAC Hub in Kleberg County (near Kingsville). It also advances sequestration hubs such as Pelican in Louisiana and others in Texas for storing CO2 in saline formations, drawing on Oxy's more than 50 years of carbon management experience.
1PointFive sells verified carbon dioxide removal (CDR) credits to corporate buyers including Microsoft, Amazon, Bain & Company, and airlines, supporting voluntary markets and hard-to-abate sectors like aviation, maritime, and industry. It has secured U.S. Department of Energy funding (up to $500 million for South Texas) and private investments such as from BlackRock.
Positioned as a leader in commercial-scale carbon removal and CCUS infrastructure in the United States, 1PointFive aims to help limit global temperature rise to 1.5°C through integrated decarbonization solutions alongside its parent's energy operations.
Also known as 1pointfive, Inc. and 1PointFive Stratos, LLC.
chemXplore tracks 2 projects involving 1PointFive, of which 2 are active.
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