19/08/2020
Today, Carbon Engineering has some exciting news to share! We have signed a licensing agreement with 1PointFive, a development company formed by Oxy Low Carbon Ventures (a subsidiary of Occidental) and Rusheen Capital Management to finance and deploy our large-scale Direct Air Capture technology. This agreement is a major milestone for CE and will enable the commercial development of the world’s largest DAC facility, a first step toward our collective aspiration to deliver this technology on an industrial scale throughout the United States.
As announced in 2019, the engineering and design for this facility is already underway. Today, we are thrilled to share a ‘first look’ at the design of the plant which, when operational, will be the largest Direct Air Capture plant in the world, capturing up to one million metric tons of atmospheric CO2 annually.
Click below to read our full announcement.
http://ow.ly/C0t050B3kBV