“Oxy Low Carbon Ventures, LLC, a subsidiary of Occidental, and Rusheen Capital Management, a private equity firm, have formed a development company, 1PointFive, to finance and deploy Carbon Engineering’s large-scale Direct Air Capture (DAC) technology. 1PointFive and Carbon Engineering have signed a licensing agreement enabling the commercial development of the world’s largest DAC facility, a first step toward their aspiration to deliver this technology on an industrial scale throughout the United States…”
Read More: https://carbonengineering.com/news-updates/new-development-company-1pointfive-formed/