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Released September 14, 2023 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--After signing several power purchase agreements with renewable energy developers, Amazon.com Incorporated (NASDAQ:AMZN) (Seattle, Washington) is taking a new direction in its goal of achieving net-zero carbon emissions by 2040. Earlier this week, Amazon signed an agreement with Occidental Petroleum Corporation (NYSE:OXY) (Houston, Texas) subsidiary 1PointFive to purchase carbon removal credits for a 1PointFive direct air capture (DAC) project being developed in Texas.
Amazon has signed an agreement with 1PointFive to purchase 250,000 tons of carbon removal credits over a 10-year period. The carbon will be captured at 1PointFive's Stratos plant near Odessa, Texas. Construction on the facility began earlier this year, and Occidental expects the plant to begin operating in mid-2025, capturing an initial 500,000 tons of carbon per year, which will then be stored in underground saline reservoirs. Subsequent phases of construction could add even more DAC capacity to the plant. 1PointFive will use Amazon Web Services to help to analyze real-time performance data at the plant, helping the company to optimize operations and apply the knowledge to future plants. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for related reports.
The Stratos plant isn't 1PointFive's only planned DAC plant in Texas. In August, the U.S. Department of Energy (DOE) awarded up to $1.2 billion for two DAC projects in Texas and Louisiana. The Texas project selected for the grant is 1PointFive's planned South Texas DAC hub on the King Ranch in Kleberg County. An initial phase of construction would capture 1 million tons of carbon from the air, but 1PointFive says that the hub could eventually be able to remove and store up to 30 million metric tons of carbon per year. Available storage available in saline formations is estimated to be 3 billion metric tons. Additional DAC capacity would be added in subsequent phases of construction. Subscribers can click here for more details on the project.
The projects are among several active U.S. DAC projects being tracked by Industrial Info. The other recipient of the DOE grant, Battelle Memorial Institute (Columbus, Ohio), is planning its Project Cypress for Calcasieu Parish, Louisiana. Battelle aims to capture 1 million tons of CO2 annually at the plant, storing it underground. Construction could potentially begin in 2025, putting the facility on track for completion in 2027. Subscribers can click here to learn more.
Outside of the Gulf Coast states, the Metals & Minerals Industry is seeing DAC projects planned for steel and cement plants. United States Steel Corporation (NYSE:X) (Pittsburgh, Pennsylvania) is studying the feasibility of having a DAC unit operating at its 7.5 million-ton-per-year steel mill in Gary, Indiana. The unit would have the capability of removing 5,000 metric tons of carbon per year from the air, which would then be permanently mineralized in concrete products. The project remains in the early planning stages. Subscribers to Industrial Info's Metals & Minerals Project Database can click here for more information on the project.
Other DAC projects include Block-Lite Incorporated's (Flagstaff, Arizona) planned unit at its concrete blocks plant in Flagstaff. The unit would reduce carbon emissions by a planned 2,000-3,000 tons per year, reducing the plant's carbon footprint by 70% compared to conventional production. Construction could potentially begin in 2025, putting the unit on track for a 2026 completion date. Subscribers can click here for more details.
Subscribers to Industrial Info's GMI Database can click here to view reports for all of the projects discussed in this article and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
Amazon has signed an agreement with 1PointFive to purchase 250,000 tons of carbon removal credits over a 10-year period. The carbon will be captured at 1PointFive's Stratos plant near Odessa, Texas. Construction on the facility began earlier this year, and Occidental expects the plant to begin operating in mid-2025, capturing an initial 500,000 tons of carbon per year, which will then be stored in underground saline reservoirs. Subsequent phases of construction could add even more DAC capacity to the plant. 1PointFive will use Amazon Web Services to help to analyze real-time performance data at the plant, helping the company to optimize operations and apply the knowledge to future plants. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for related reports.
The Stratos plant isn't 1PointFive's only planned DAC plant in Texas. In August, the U.S. Department of Energy (DOE) awarded up to $1.2 billion for two DAC projects in Texas and Louisiana. The Texas project selected for the grant is 1PointFive's planned South Texas DAC hub on the King Ranch in Kleberg County. An initial phase of construction would capture 1 million tons of carbon from the air, but 1PointFive says that the hub could eventually be able to remove and store up to 30 million metric tons of carbon per year. Available storage available in saline formations is estimated to be 3 billion metric tons. Additional DAC capacity would be added in subsequent phases of construction. Subscribers can click here for more details on the project.
The projects are among several active U.S. DAC projects being tracked by Industrial Info. The other recipient of the DOE grant, Battelle Memorial Institute (Columbus, Ohio), is planning its Project Cypress for Calcasieu Parish, Louisiana. Battelle aims to capture 1 million tons of CO2 annually at the plant, storing it underground. Construction could potentially begin in 2025, putting the facility on track for completion in 2027. Subscribers can click here to learn more.
Outside of the Gulf Coast states, the Metals & Minerals Industry is seeing DAC projects planned for steel and cement plants. United States Steel Corporation (NYSE:X) (Pittsburgh, Pennsylvania) is studying the feasibility of having a DAC unit operating at its 7.5 million-ton-per-year steel mill in Gary, Indiana. The unit would have the capability of removing 5,000 metric tons of carbon per year from the air, which would then be permanently mineralized in concrete products. The project remains in the early planning stages. Subscribers to Industrial Info's Metals & Minerals Project Database can click here for more information on the project.
Other DAC projects include Block-Lite Incorporated's (Flagstaff, Arizona) planned unit at its concrete blocks plant in Flagstaff. The unit would reduce carbon emissions by a planned 2,000-3,000 tons per year, reducing the plant's carbon footprint by 70% compared to conventional production. Construction could potentially begin in 2025, putting the unit on track for a 2026 completion date. Subscribers can click here for more details.
Subscribers to Industrial Info's GMI Database can click here to view reports for all of the projects discussed in this article and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
