Reported 2 days ago
Occidental Petroleum Corporation has formed a partnership with Abu Dhabi's ADNOC to develop a direct air capture facility in South Texas, aimed at capturing 500,000 tons of CO2 annually. ADNOC is considering investing up to $500 million in the project, highlighting the companies' ongoing collaboration on carbon capture initiatives since their MoU in 2023. This partnership reflects a commitment to enhancing U.S. energy independence and addressing global carbon reduction goals.
Source: YAHOO