Occidental's 1PointFive Secures $500M Boost To Capture CO2: Details
Occidental's 1PointFive Secures $500M Boost To Capture CO2: Details
The funding will be provided in multiple phases, starting with an initial award of $50 million to advance 1PointFive's work at the South Texas DAC Hub.Occidental Petroleum Corporation's (NYSE:OXY) subsidiary, 1PointFive, disclosed that the U.S. Department of Energy's Office of Clean Energy Demonstrations (OCED) will provide up to $500 million to support the development of the South Texas Direct Air Capture (DAC) Hub.
Occidental Petroleum Corporation（NYSE:OXY）的子公司1PointFive披露，美国能源部清洁能源示范办公室（OCED）将提供高达$50000万的资金支持南德州直接空气捕集(DAC)中心的发展。
1PointFive's South Texas DAC Hub, located on the King Ranch in Texas, will start with a capacity to remove 500,000 metric tons of CO2 annually, with plans to scale to over 1 million metric tons.
1PointFive位于德克萨斯州金牧场的南德州DAC中心将从每年除去50万公吨二氧化碳的能力开始，并计划将规模扩大到超过100万公吨。
The site could expand to remove 30 million metric tons per year and securely store up to 3 billion metric tons in saline formations.
该项目的规模可能扩大到每年除去3000万公吨，并在盐水层中安全储存30亿公吨。
The funding will be provided in multiple phases, starting with an initial award of $50 million to advance 1PointFive's work at the South Texas DAC Hub.
资金将分阶段提供，首次资助为5000万美元，以推进1PointFive在南德州DAC中心的工作。
This will support engineering, permitting, procurement of long-lead equipment, and continued community engagement to enhance the community benefits plan.
这将支持工程、许可、采购长交货期设备以及持续的社区参与，以增强社区收益计划。
The total award for the South Texas DAC Hub is expected to reach up to $500 million for the initial DAC facility, with potential to increase to $650 million for expanding a regional carbon network in South Texas.
南德州DAC中心的总资助额预计将达到高达5000万美元，用于初始DAC设施，并有可能增加到6500万美元，用于扩展南德州的区域碳排放网络。
President and CEO Vicki Hollub, Occidental, said, "This award demonstrates how the U.S. Department of Energy is committed to realizing the full potential of DAC and its confidence in the South Texas DAC Hub to deliver CO2 removal at a climate-relevant scale."
Occidental的总裁兼首席执行官Vicki Hollub表示：“这一奖项证明了美国能源部致力于实现DAC的全部潜力，以及他们对南德州DAC中心能够以对气候具有重要意义的规模交付CO2去除的信心。”
In August, the company disclosed a $3 billion reduction in principal debt in the third quarter of 2024, driven by strong organic cash flow and proceeds from divestitures.
今年8月，该公司披露了2024年第三季度应计债务减少30亿美元，这是由于强劲的有机现金流和出售所得驱动的。
Following the anticipated closing of the $818 million Barilla Draw divestment, Occidental plans to use the proceeds for debt repayments.
西方石油计划利用瑞拉的人民币剥离的8180百万美元来偿还债务。
Investors can gain exposure to the OXY stock via Texas Capital Funds Trust Texas Capital Texas Oil Index ETF (NYSE:OILT) and First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN).
投资者可以通过Texas Capital Funds Trust Texas Capital Texas Oil Index ETF（纽交所：OILT）和First Trust Nasdaq Oil & Gas ETF（纳斯达克：FTXN）获得OXY股票的曝光度。所有基金类型的资金都可以。
Price Action: OXY shares are up 0.80% at $51.40 premarket at the last check Friday.
产值: 在最后一次星期五上午51.40美元的前市场溢价0.80%.
Photo via Shutterstock
图片来自shutterstock。
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