This Louisiana project was promised up to $550 million to pull CO2 out of the air. Now Trump might kill it.

This Louisiana project was promised up to $550 million to pull CO2 out of the air. Now Trump might kill it.

The world’s first commercial “direct air capture” plant opened in Iceland in 2021, with the capacity to remove around 4,000 tons of CO2 from the atmosphere each year and turn it into stone deep underground. Four years later, a new DAC plant planned in Louisiana, called Project Cypress, is designed to be 250 times larger—capturing 1 million tons of CO2 a year. But supporters are now scrambling to save the project, and up to $550 million in Depart…

Exclusive: Occidental Petroleum Buys DAC Startup Holocene

The Trump administration may not be enthusiastic about supporting megaprojects to suck carbon dioxide out of the air, but that’s not dampening Occidental Petroleum’s interest in the technology. Heatmap has learned that the oil and gas giant recently acquired the direct air capture startup Holocene for an undisclosed amount. This is the second direct air capture company the fossil fuel producer has acquired in less than two years through its subs…

Carbon capture costs needs reassessment, engineers say

Read the full story from the American Society of Mechanical Engineers. Direct air capture (DAC) and carbon capture and storage (CCS) technologies are attracting attention in the fight against climate change. DAC uses physical and chemical processes to extract carbon dioxide (CO2) from ambient air, and Google made a big splash in September 2024, when … Continue reading Carbon capture costs needs reassessment, engineers say

Oxy Acquires Carbon Removal Tech Startup Holocene

Direct air capture technology startup Holocene announced that it has been acquired by energy giant Occidental (Oxy), marking the latest in a series of moves by Oxy to deepen its capabilities in DAC carbon removal. Terms of the transaction were not disclosed. DAC technology, listed by the IEA as a key carbon removal option in […]

Occidental acquires second direct air capture startup -media « Carbon Pulse

Occidental Petroleum has acquired a direct air capture (DAC) startup, according to media reports, marking its second such purchase in under two years through its subsidiary Oxy Low Carbon Ventures.