Benoît Morenne of The Wall Street Journal reports on Occidental’s efforts to accelerate direct air capture.
- Petroleum giant Occidental is investing millions of dollars in direct air capture (DAC) technology.
- The company is currently building its first DAC plant in the Permian Basin which will be able to pull up to 500,000 tons of CO2 each year from the atmosphere when it starts operations in 2024.
- Occidental is planning to build 135 of these plants by 2035, which would be more than seven times the amount of CO2 capturing facilities in operation today around the world.
- Accelerating DAC is crucial to meeting future energy demand and environmental objectives.
Read the full article here.