Start-up in sight for world’s biggest DAC plant
Facility in Permian Basin dwarfs existing plants with capacity to capture one million tons of CO<sub>2</sub> a year from the air
The world’s largest direct air capture (DAC) plant, to be constructed in the Permian Basin region of Texas, is on track for a late 2024 startup, Steve Oldham, CEO of Carbon Engineering (CE), the technology company behind the project, tells Transition Economist. And in March, CE pre-sold mitigated carbon dioxide (CO2) from the project to Shopify through its new CO2 removal service, making the global commerce company its first client. Squamish, British Columbia-based CE in partnership with 1 PointFive, a development company formed by Oxy Low Carbon Ventures—a subsidiary of US independent Occidental Petroleum—and Rusheen Capital Management, a Santa Monica, California-based private equity firm,
Also in this section
7 October 2025
As the EU remains deadlocked over its 2040 emissions goal, the IEA has tempered its climate rhetoric, forecasting that oil and gas will continue growing over the coming decades
30 September 2025
Policymakers must match their rhetoric with bolder action if they really want CCUS to scale up to meaningful levels
16 September 2025
For the Kuwait Oil Company, a cornerstone of Kuwait’s economy, corporate social responsibility is not an optional add-on but a deeply embedded responsibility.
12 September 2025
Government support, cost reductions and public trust among the prerequisites for the successful scale-up of CCUS, industry executives tell the Gastech 2025 event in Milan
