Occidental and ADNOC’s XRG Agree to Evaluate Joint Venture to Develop South Texas Direct Air Capture Hub

[Renaud de RICHTER]

Thanks to Leon for pointing this out

https://www.oxy.com/news/news-releases/occidental-and-adnocs-xrg-agree-to-evaluate-joint-venture-to-develop-south-texas-direct-air-capture-hub/

Occidental and ADNOC’s XRG Agree to Evaluate Joint Venture to Develop South Texas Direct Air Capture Hub

XRG to consider investing up to $500 million for the development of 1PointFive’s 500,000 tonne-capacity DAC facility

The Strategic DAC Framework Agreement was signed by Occidental President and CEO Vicki Hollub and ADNOC Group CEO Dr. Sultan Ahmed Al Jaber, during U.S. President Donald J. Trump’s state visit to the United Arab Emirates.

A PDF of the news release can be found here. 

[Tom Goreau]

CO2 suckers?

 

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