1PointFive is a joint venture between Oxy Low Carbon Ventures (a subsidiary of Occidental Petroleum Corp.) and Rusheen Capital.
The DAC facility will be the first commercial-scale development using Carbon Engineering Ltd’s DAC technology. The technology involves the removal of carbon dioxide (CO2) directly from the atmosphere. Each DAC unit has an expected design capacity to extract 1 million tpy of atmospheric CO2.
Upon completion of the FEED, 1PointFive and Worley expect to form an alliance and move into the engineering, procurement and construction phase for DAC 1 with plans for DACs 2 to 4 to follow. The FEED services will be led by Worley’s Houston office, with support from Worley’s Global Integrated Delivery team in India.
“We are delighted to have been awarded the FEED contract and we are looking forward to forming the alliance with 1PointFive. This direct air capture project is a starting point for the deployment of commercial-scale DAC to help companies meet CO2 emission reduction targets and aligns with Worley’s strategic focus of delivering a more sustainable world”, said Chris Ashton, CEO of Worley.
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Read the article online at: https://www.oilfieldtechnology.com/hse/23022021/worley-awarded-feed-contract-for-direct-air-capture-project-in-permian-basin/