Squamish, B.C.-based Carbon Engineering says it is doubling the size of a direct air capture plant it is developing with Oxy Low Carbon Ventures, a subsidiary of Occidental Petroleum.
This May the company announced the deal for the plant, which is to be located in the Permian Basin. It will capture CO2 directly from the atmosphere to be used in Occidental’s enhanced oil recovery operations.
Carbon Engineering now says the capacity of the facility is being increased from 500,000 tons to an expected 1,000,000 tons of CO2 per year.
“We’re essentially providing a service, much like water treatment, sanitation, or waste disposal. But instead, we’re providing an air treatment service that removes the excess CO2 in the atmosphere, which the scientists tell us is putting our planet at risk,” Carbon Engineering CEO Steve Oldham said in a statement.
“Over the last few years we have observed a growing consensus in the science and policy sectors that both aggressive emissions reductions and large-scale removal of CO2 from the atmosphere is essential.”
Construction on the facility is expected to begin in 2021, followed by operations within approximately two years.
