Occidental To Remove CO2 From Air, Use It To Boost Oil Recovery In The Permian

A subsidiary of Occidental and Canadian clean energy company Carbon Engineering are teaming up to build the world’s biggest Direct Air Capture (DAC) and sequestration facility in the Permian that will suck carbon dioxide from the air to be later used in enhanced oil recovery. Occidental’s subsidiary Oxy Low Carbon Ventures (OLCV) and Carbon Engineering are proceeding with the engineering and design of this facility aimed at capturing 500 kilotons of carbon dioxide (CO2) directly from the atmosphere each year, which would be used in…