REYKJAVIK, ICELAND - MAY 24: A bank of fans draws air through specialized filters at Climeworks' Mammoth carbon removal plant on May 24, 2024 in Reykjavik, Iceland. Considered the largest direct-air ...

Like new fuels and onboard carbon capture, direct air capture (DAC) needs to be scaled up to become an effective decarbonization pathway. This week, German shipowner NSB Group demonstrated its ...

At least tens of millions of dollars are on the line for big carbon removal projects in Louisiana and Texas. The US Department of Energy appears poised to terminate funding for a pair of large ...

The Trump administration has canceled awards for nearly half of the 21 federally supported megaprojects that seek to pull carbon dioxide from the atmosphere — a major setback for a direct air capture ...

Startups developing direct air projects will need to look beyond traditional financing models to scale the technology, according to the president of Occidental Petroleum Corp.’s carbon removal unit.

Nippon Yusen Kabushiki Kaisha (NYK) has purchased carbon dioxide removal credits that will be enabled by 1PointFive’s Direct Air Capture (DAC) technology. This marks NYK’s second purchase of credits ...

Occidental Petroleum's (NYSE:OXY) first direct air capture hub is on track to begin capturing carbon dioxide later this year, CEO Vicki Hollub said Thursday, according to UpstreamOnline.com. Two ...

Occidental’s first direct air capture (DAC) hub is set to begin capturing carbon dioxide later this year, chief executive Vicki Hollub said Thursday on the company’s quarterly earnings call. Two ...

SAN FRANCISCO--(BUSINESS WIRE)--Cool Effect, a Bay Area nonprofit that supports high integrity carbon emission reduction and removal projects around the globe, is announcing today that it has selected ...

In a first-of-its-kind approval, Occidental and its subsidiary 1PointFive announced they have received Class VI permits from the U.S. Environmental Protection Agency to sequester carbon dioxide from ...