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.
西方石油公司（紐約證券交易所代碼：OXY）的子公司1PointFive透露，美國能源部清潔能源示範辦公室（OCED）將提供高達5億美元的資金，以支持南德克薩斯州直接空氣捕獲（DAC）中心的開發。
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的南德克薩斯州DAC中心位於德克薩斯州國王牧場，一開始將具備每年清除50萬公噸二氧化碳的能力，並計劃擴大到超過100萬公噸。
The site could expand to remove 30 million metric tons per year and securely store up to 3 billion metric tons in saline formations.
該場地可以擴建到每年清除3000萬公噸，並在鹽水地層中安全地儲存多達30公噸。
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.
這筆資金將分多個階段提供，首先是5000萬美元的初始撥款，用於推進1PointFive在南德克薩斯州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.
這將支持工程、許可、長期設備的採購以及持續的社區參與，以加強社區福利計劃。
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.
南德克薩斯州DAC中心的初始資金總額預計將達到5億美元，用於擴大南德克薩斯州的區域碳網絡，有可能增加到6.5億美元。
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."
西方航空總裁兼首席執行官Vicki Hollub表示：「該獎項表明了美國能源部如何致力於充分發揮DAC的潛力，以及其對南德克薩斯州DAC中心以與氣候相關的規模去除二氧化碳的信心。」
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.
8月，該公司披露，受強勁的有機現金流和資產剝離收益的推動，2024年第三季度本金債務減少了30億美元。
Following the anticipated closing of the $818 million Barilla Draw divestment, Occidental plans to use the proceeds for debt repayments.
在預計完成8.18億美元的Barilla Draw撤資之後，西方計劃將所得款項用於償還債務。
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).
投資者可以通過德州資本基金信託基金德克薩斯資本德克薩斯石油指數ETF（紐約證券交易所代碼：OILT）和第一信託納斯達克石油與天然氣ETF（納斯達克股票代碼：FTXN）獲得OXY股票的敞口。
Price Action: OXY shares are up 0.80% at $51.40 premarket at the last check Friday.
價格走勢：在週五的最後一次檢查中，OXY股價上漲0.80％，至盤前51.40美元。
Photo via Shutterstock
照片來自 Shutterstock
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：此內容部分是在人工智能工具的幫助下製作的，並由Benzinga的編輯審閱和發佈。
