Occidental Petroleum (OXY) and 1PointFive Secure Class VI Permits for STRATOS Direct Air Capture Facility
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Occidental and 1PointFive Secure Class VI Permits for STRATOS Direct Air Capture Facility
April 7, 2025 3:15 PM EDTHOUSTON, April 07, 2025 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) and its subsidiary 1PointFive today announced that the U.S Environmental Protection Agency approved its Class VI permits to sequester carbon dioxide (CO2) captured from STRATOS when the worlds largest Direct Air Capture (DAC) facility begins operating in Ector County, Texas. The permits, the first issued to sequester CO2 from a DAC project, allows Occidental to leverage its expertise managing large quantities of CO2 while advancing technology that strengthens the United States energy security and furthers economic growth in Texas.
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