1PointFive
About
1PointFive, a wholly owned subsidiary of Occidental Petroleum, is a carbon capture, utilization and sequestration (CCUS) company working to help curb global temperature rise to 1.5°C by 2050 through the deployment of decarbonization solutions, including Carbon Engineering's direct air capture (DAC) and AIR TO FUELS™ technologies alongside geologic sequestration hubs.
Headquarters Address
United States
Website
www.1pointfive.comNews
Oxy CEO Hollub Sees More Consolidation Coming in Permian, Globally
Occidental Petroleum CEO Vicki Hollub names emissions and water management as top challenges for Permian operators and an incentive for growth.
Occidental CEO Sees Bipartisan DAC Support as Projects Advance
Occidental Petroleum CEO Vicki Hollub said the next president will be positive for the U.S. energy industry, especially direct air capture.
1PointFive Taps Enterprise Products for CO2 Pipeline Network
The network will carry captured carbon from the Houston Ship Channel to a southeast Texas sequestration hub.
Oxy’s 1PointFive Lands US Funding for Carbon Sequestration Hubs
1PointFive plans to use the funding to advance site characterization activities, permitting and environmental approvals for construction at each hub, Occidental said.
Optimizing Direct Air Capture Similar to Recovering Spilled Wine
Direct air capture technologies are technically and financially challenging, but efforts are underway to change that.
Oxy’s 1PointFive Lands Federal Funds for South Texas DAC Hub
DAC technologies can pull CO2 directly from the atmosphere anywhere, avoiding the need to be near the point of emissions.
Artificial Lift Meets Artificial Intelligence, with Hit and Miss Results
Oxy and Chevron are among companies trying to find the sweet spot between data analytics and machine learning with human intervention to optimize production and predict failures before they happen.
Occidental’s Stratos DAC Project on Track for 2025 Startup
Occidental Petroleum’s direct air capture commercial-scale facility in Texas is designed to capture up to 500,000 metric tons of CO2 annually.
Occidental’s 1PointFive Agrees to Sell Carbon Credits to Microsoft
1PointFive said the agreement marks the largest single purchase of CO2 removal credits enabled by direct air capture to date.
1PointFive, AT&T Enter Carbon Removal Pact
1PointFive said it is also participating in AT&T’s Connected Climate Initiative to collaborate on carbon removal solutions like direct air capture.
Occidental Reports ‘Great Progress’ on Net-zero Pathway, DAC
Most of Occidental Petroleum’s planned $600 million investment in emerging low-carbon ventures for 2024 will go to direct air capture facility STRATOS, CEO Vicki Hollub says.
Trafigura Agrees to Purchase 1PointFive DAC Carbon Removal Credits
Trafigura’s purchase of 1PointFive’s CO2 removal credits is part of its commitment as a founding member of the First Movers Coalition to support the advancement of CO2 removal credits.
1PointFive, Boston Consulting Group Enter CO2 Removal Agreement
The CO2 removal credits will come from Stratos, 1PointFive’s first industrial-scale direct air capture facility currently under construction in Texas.
Occidental: Parts of DAC Ready to Scale
A major challenge facing Occidental and other direct air capture ventures is whether the process can be made cost-competitive.
Occidental Dives Headfirst into Direct Air Capture, Analyst Raises Doubts
Occidental Petroleum and its affiliate 1PointFive remain gung-ho on DAC technology, but one Wall Street analyst from Wells Fargo isn’t drinking all the DAC Kool-Aid yet, for several reasons.