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An oil-company spinoff wants to help build 70 direct air capture plants by 2035

Adele Peters of Fast Company writes on 1PointFive, a direct air capture company.

The C3 Take
  • 1PointFive, a spin off from oil company Occidental, is accelerating carbon removal in the oil and gas industry.
  • The company is planning to use its first plant for oil recovery which would make any newly extracted oil almost completely carbon neutral.
  • 1PointFive has partnered with Airbus to offset some of aerospace company’s emissions.

“1PointFive plans to use some of the captured CO2 from the first plant for enhanced oil recovery, a process that helps get more oil out of old wells. If the CO2 added to the well stays underground, it can make the extracted oil nearly carbon neutral when it’s burned.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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