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1PointFive

Updated Feb 2024

Company Info

Oxy Low Carbon Ventures, LLC, a subsidiary of Occidental, and Rusheen Capital Management, a private equity firm, have partnered to establish 1PointFive. This development company aims to finance and deploy Carbon Engineering's large-scale Direct Air Capture (DAC) technology. 1PointFive focuses on commercializing various decarbonization solutions, offering practical options for organizations to reduce their carbon impact. The company is currently developing solutions such as DAC, point-source capture, geologic sequestration hubs, and AIR TO FUELS™ facilities.

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