Occidental Petroleum Corp. subsidiary 1PointFive signed a lease agreement with King Ranch, a privately-held agricultural production and resource management company, to support large-scale Direct Air Capture (DAC) projects for dedicated CO2 sequestration on 106,000 acres in Kleberg County, Tex.
The agreement provides access to land with the potential to remove up to 30 million tonnes/year (tpy) of CO2 through DAC and pore space estimated to store up to 3 billion tonnes of CO2 in geologic reservoirs, Occidental said in a release Oct. 31.
King Ranch acreage is also near industrial emitters in the Gulf Coast region, including Corpus Christi, Tex., where emissions can be captured, transported, and sequestered in the pore space, Occidental said. Each DAC plant in the site is expected to be capable of removing up to 1 million tpy of CO2 yielding a total capacity of up to 30 million tpy when all are operational.
Worley is handling engineering, procurement, and construction (EPC) services for the first DAC plant.