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 CO2 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,
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