Start-up in sight for world’s biggest DAC plant
Facility in Permian Basin dwarfs existing plants with capacity to capture one million tons of CO<sub>2</sub> a year from the air
The world’s largest direct air capture (DAC) plant, to be constructed in the Permian Basin region of Texas, is on track for a late 2024 startup, Steve Oldham, CEO of Carbon Engineering (CE), the technology company behind the project, tells Transition Economist. And in March, CE pre-sold mitigated carbon dioxide (CO2) from the project to Shopify through its new CO2 removal service, making the global commerce company its first client. Squamish, British Columbia-based CE in partnership with 1 PointFive, a development company formed by Oxy Low Carbon Ventures—a subsidiary of US independent Occidental Petroleum—and Rusheen Capital Management, a Santa Monica, California-based private equity firm,
Also in this section
30 January 2025
The UAE’s oil and gas company puts its faith in technologies including CCS and AI to deliver its emission-reduction goals
27 January 2025
Regional state-owned firms are transforming their strategies and leveraging their resources to position themselves as clean energy powerhouses, and to ensure they maintain influence in a low-carbon world
24 January 2025
Progress on the energy transition has slowed or even stopped, with greater societal engagement we can revitalise it
23 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
