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Occidental and 1PointFive Secure Class VI Permits for STRATOS Direct Air Capture Facility - Occidental Petroleum (NYSE:OXY)

  • Occidental and 1PointFive obtained EPA Class VI permits for carbon sequestration in Ector County, Texas.
  • These permits are vital for Occidental's plan to store CO2 captured from the atmosphere securely.
  • These permits, issued under the Safe Drinking Water Act, are the first for a DAC project.
  • CEO Vicki Hollub stated this milestone develops infrastructure for United States energy security.
  • The permits will advance technology that strengthens energy security and economic growth in Texas.
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WKRC broke the news in on Monday, April 7, 2025.
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