Construction of Occidental Petroleum's carbon capture plant called Stratos broke ground in the heart of the US Permian Basin (shale oil production area) on Friday (4/28). The plant cost 1.1 billion US dollars. Occidental Petroleum CEO Vicki Hollub predicts that by 2025, the 64-acre plant will capture 500,000 tons of carbon dioxide (CO2) per year when commercialized. Richard Jackson, head of US land resources and carbon management at Occidental Petroleum, said that while selling carbon capture and using carbon capture to increase the recovery rate (oil extraction and processing process), the plant will have a third business — a CO2 utility company. Jackson said, “We think there's a lot of CO2 that can be consumed to create a truly zero-carbon product — that will be marketable and important.” Occidental Petroleum hopes to build 100 direct air capture (DAC) plants by 2035, which is expected to capture around 1 million tons of CO2 per year.