1PointFive And Carbon Engineering Aiming For Global Expansion

Carbon capture, utilization and sequestration platform 1PointFive and climate tech solution company Carbon Engineering have launched a Direct Air Capture (DAC) plant deployment approach to enable many DAC projects globally. 

All plant designs will be standardized with the deployment approach to bring fully operational DAC facilities to partners locally. The plant equipment and components will be modularized and mass-manufactured, and finally assembled on-site using a defined vendor supply chain. 

The deployment brings together the partners’ DAC tech, as well as large-scale CO2 management, project skills, and vast storage infrastructure. Carbon Engineering will deliver the DAC technology, and 1PointFive will construct and establish the plants.

1PointFive, which is a subsidiary of Occidental’s Low Carbon Ventures business, will leverage Occidental’s expertise in project engineering and delivery. The local partners will add complementary skills and regional knowledge. 

Relevant: Occidental Plans To Grow Its Permanent CO2 Sequestration Business

Carbon Engineering and 1PointFive continue to improve their DAC tech in real-world operations while decreasing the capture cost per tonne from Carbon Engineering’s DAC development and innovation center in British Columbia. 

“We are committed to delivering large-scale DAC solutions to remove carbon dioxide from the atmosphere and help achieve the goals of the Paris Agreement,” said President of 1PointFive Michael Avery. “We believe this deployment approach and our partnership with CE will support rapid, global deployment of DAC facilities to meet the urgency of the climate challenge and growing customer demand for DAC-enabled net-zero solutions.”

1PointFive has set forth a scenario of establishing 70 DAC facilities with up to 1 million tonnes annual capacity by 2035. As many as 135 DAC facilities could be deployed as demand and initiatives increase, according to company estimates. 

Relevant: Occidental Gets $50M Incentive For Carbon Project In Texas

The first DAC facility of 1PointFive, which is progressing through front-end engineering and design, is expected to start operating in Texas by the end of 2024.

Some examples that signal an increasing demand from the voluntary market for large-scale DAC projects are the agreements with Airbus, Shopify, and ThermoFisher, as well as offtake frameworks like the agreement with SK Trading International.

Read more: Carbon Engineering Offers New Carbon Dioxide Removal Service

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts
Translate »