Occidental, along with its subsidiary 1PointFive, has acquired Class VI permits from the U.S. Environmental Safety Company (EPA) to sequester CO2 captured from STRATOS when the world’s largest direct air seize (DAC) facility begins working in Ector County, Texas.
STRATOS is designed to seize as much as 500,000 tonnes of CO2 per 12 months and is on monitor to start out industrial operations in 2025.
The permits, marking the primary for CO2 seize from a DAC undertaking, allow Occidental to make the most of its experience in managing vital CO2 volumes whereas selling know-how that enhances U.S. power safety and drives financial progress in Texas, Occidental mentioned. These permits, granted below the Protected Consuming Water Act’s Underground Injection Management program, are important to Occidental’s technique for the protected and efficient storage of CO2 extracted from the ambiance, it mentioned.
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Occidental mentioned that in EPA’s thorough overview course of, it proved that its applied sciences, processes, monitoring protocols, and different procedures adjust to or surpass federal and state requirements for injection wells that retailer CO2 in geological formations deeper than one mile.
“This can be a vital milestone for the corporate as we’re persevering with to develop very important infrastructure that may assist the USA obtain power safety”, Vicki Hollub, President and Chief Govt Officer, mentioned. “The permits are a catalyst to unlock worth from carbon dioxide and advance Direct Air Seize know-how as an answer to assist organizations deal with their emissions or produce very important assets and fuels”.
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