CERAWEEK-Occidental's direct-air carbon capture project is 70% complete, says CEO


HOUSTON, March 19 (Reuters) - Occidental Petroleum Corp's OXY.N first direct-air, carbon capture project is 70% complete, CEO Vicki Hollub said on Tuesday.

The first phase of the startup expected in mid-2025. When compete, the Stratos project will be able to remove 500,000 tons of carbon from the atmosphere per year, she said in remarks at the CERAWeek energy conference.

(Reporting by Gary McWilliams)

((Gary.McWilliams@thomsonreuters.com; +1 469-691-7668;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.