Occidental Petroleum (Joint Venture)
Funding Details
- Awarder
- RSS - climateinsider.com
- Date Award
- May 20, 2025
- Vertical
- Energy
- Funding URL
- View Funding Page
- Funding Amount:
- $500,000,000
Company Info
- Traction
- Occidental has made significant progress with its first DAC facility, STRATOS, in West Texas, which is on track to start commercial operations in 2025. The company has also received a $650 million award from the U.S. Department of Energy to support the development of the South Texas DAC Hub.
- Organizations Involved
- ADNOC, XRG
- Company Description
- Occidental Petroleum is an international oil and gas exploration and production company.
- Market
- Carbon Capture and Storage
- Location
- Kleberg County, Texas, United States