Company moving forward with plans for carbon capture, sequestration project in Allen - American Press

Company moving forward with plans for carbon capture, sequestration project in Allen - American Press

1PointFive, a subsidiary of Occidental Petroleum (Oxy), is moving forward on plans for a carbon capture and sequestration project in north-central Allen Parish. According to Doug Conquest, vice president of sequestration project development for 1PointFive, the Magnolia Sequestration Hub will capture and permanently store industrial carbon dioxide emissions in deep geologic formations located more than a mile underground. The Houston-based compan…