Occidental's 1PointFive Secures $500M Boost To Capture CO2: Details
Occidental's 1PointFive Secures $500M Boost To Capture CO2: Details
The funding will be provided in multiple phases, starting with an initial award of $50 million to advance 1PointFive's work at the South Texas DAC Hub.Occidental Petroleum Corporation's (NYSE:OXY) subsidiary, 1PointFive, disclosed that the U.S. Department of Energy's Office of Clean Energy Demonstrations (OCED) will provide up to $500 million to support the development of the South Texas Direct Air Capture (DAC) Hub.
西方石油公司（紐交所：OXY）的子公司1PointFive透露，美國能源部清潔能源示範辦公室(OCED)將提供多達50000萬美元的資金，以支持南德克薩斯直接空氣捕集（DAC）中心的發展。
1PointFive's South Texas DAC Hub, located on the King Ranch in Texas, will start with a capacity to remove 500,000 metric tons of CO2 annually, with plans to scale to over 1 million metric tons.
1PointFive的南德克薩斯DAC中心位於德克薩斯州的金大牧場，初期將具有每年移除50萬公噸二氧化碳的能力，並計劃擴大至超過1000萬公噸。
The site could expand to remove 30 million metric tons per year and securely store up to 3 billion metric tons in saline formations.
該項目可擴展至每年移除3000萬公噸，並安全存儲多達30億公噸在鹽水層中。
The funding will be provided in multiple phases, starting with an initial award of $50 million to advance 1PointFive's work at the South Texas DAC Hub.
資金將分多個階段提供，首先提供5000萬美元的初步獎勵，以推動1PointFive在南德克薩斯DAC中心的工作。
This will support engineering, permitting, procurement of long-lead equipment, and continued community engagement to enhance the community benefits plan.
這將支持工程、許可、長期採購設備和持續社區參與，以增強社區福利計劃。
The total award for the South Texas DAC Hub is expected to reach up to $500 million for the initial DAC facility, with potential to increase to $650 million for expanding a regional carbon network in South Texas.
南德克薩斯DAC中心的總獎勵預計將首先達到50000萬美元，且有望擴大至65000萬美元，用於在南德克薩斯地區建立碳網絡。
President and CEO Vicki Hollub, Occidental, said, "This award demonstrates how the U.S. Department of Energy is committed to realizing the full potential of DAC and its confidence in the South Texas DAC Hub to deliver CO2 removal at a climate-relevant scale."
西方石油總裁兼首席執行官Vicki Hollub表示：「這一獎項證明了美國能源部致力於實現DAC的全部潛力，並對南德克薩斯DAC中心交付具有氣候相關規模的二氧化碳去除的信心。」
In August, the company disclosed a $3 billion reduction in principal debt in the third quarter of 2024, driven by strong organic cash flow and proceeds from divestitures.
今年8月，該公司披露，2024年第三季度，由於強勁的有機現金流和資產剝離所得，主要債務將減少30億美元。
Following the anticipated closing of the $818 million Barilla Draw divestment, Occidental plans to use the proceeds for debt repayments.
在預計完成8180萬美元的巴利拉撤資後，西方石油計劃將收益用於償還債務。
Investors can gain exposure to the OXY stock via Texas Capital Funds Trust Texas Capital Texas Oil Index ETF (NYSE:OILT) and First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN).
投資者可以通過Texas Capital Funds Trust Texas Capital Texas Oil Index ETF（紐交所：OILT）和First Trust Nasdaq Oil & Gas ETF（納斯達克：FTXN）獲得OXY股票的曝光度。所有基金類型的資金都可以。
Price Action: OXY shares are up 0.80% at $51.40 premarket at the last check Friday.
價格走勢: OXY股票上漲0.80%，在上週五最後一次查詢時，盤前報價爲51.40美元。
Photo via Shutterstock
圖片來自shutterstock。
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譯文內容由第三人軟體翻譯。
