- Federal Approval: The EPA has approved 1PointFive’s permit to sequester CO₂ from its Texas DAC facility, Stratos.
- Scale & Timeline: Stratos, one of the world’s largest DAC plants, is set to begin commercial operations later this year, targeting 500,000 metric tons of CO₂ annually.
- Corporate Demand: Companies like AT&T and Microsoft have already committed to buying carbon credits from the facility.
Occidental Petroleum’s carbon capture unit, 1PointFive, secured critical EPA permits to sequester CO₂ underground from its direct air capture (DAC) facility, Stratos, located in Ector County, Texas.
The permits were granted under the Safe Drinking Water Act’s Underground Injection Control (UIC) program, enabling the company to permanently store captured carbon emissions.
“This is a significant milestone for the company as we are continuing to develop vital infrastructure that will help the United States achieve energy security,” said Occidental CEO Vicki Hollub.
Carbon capture and storage (CCS) is rapidly gaining traction among energy giants including Chevron, Exxon Mobil, and TotalEnergies as a tool to decarbonize operations and meet climate targets.
RELATED ARTICLE: TotalEnergies acquires a 40% Interest in a CO2 Storage Exploration License
Stratos is a joint venture between Occidental’s 1PointFive and BlackRock, representing a major bet on scalable, market-driven climate technology.
Slated for commercial launch later this year, Stratos will be able to pull 500,000 metric tons of CO₂ annually from the atmosphere once fully operational.
The facility is already integrated into the voluntary carbon market:
1PointFive has signed deals to provide carbon credits to high-profile clients like AT&T and Microsoft, signaling strong corporate demand.
With the EPA’s greenlight, 1PointFive is positioned to lead the charge in large-scale DAC deployment—a critical tool in global net-zero strategies.
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