Our combined knowledge and expertise will not only make the project a success but also make real progress in the creation of a circular economy.”įollow Worley on Facebook, Twitter, LinkedIn and YouTube. This first-of-its-kind facility is taking on one of the greatest challenges of our time. Worley has a proven track record of true innovation, and that will be essential to bring DAC to commercial scale. Richard Jackson, 1PointFive Chairman, said, “We partnered with Worley for this historic project because our organizations are like-minded in their vision of sustainability. It offers direct air capture, air to fuels technologies, and geologic sequestration services. But we’ll have some of the brightest minds in the world on this historic project.” 1PointFive is a company that provides a carbon capture, utilization, and sequestration (CCUS) platform. Additionally, their development partner 1PointFive is engineering their first large-scale DAC plant in the Permian Basin. Climate change is a big challenge to take on. “And their vision of a circular economy that includes direct air capture has the power to drive future sustainability at the intersection of economics, energy and the environment. “Partnering with 1PointFive on this project aligns perfectly with our desire to deliver a more sustainable world,” noted Worley CEO Chris Ashton. It will also help to accelerate the deployment of commercial-scale direct air capture technology, which is critical to helping companies around the world meet their ambitious CO 2 emission reduction targets. When complete, the facility will be capable of extracting one million metric tons of atmospheric CO 2 annually. These innovations will contribute to the facilities’ sustainability and capital efficiency, and the data will help to refine future direct air capture facilities. Completion is estimated by the end of 2021, after which the alliance will move into the engineering, procurement and construction (EPC) phase for DAC 1.ĭuring the FEED phase, we’ll help 1PointFive to explore next-generation technology, materials and manufacturing approaches consistent with a circular economy-from recycled plastics to 3D printing and fully integrated zero-emission power. They find a significant one-directional spillover from the cryptocurrency market to stock price returns.
The FEED phase will focus on the first train, DAC 1, which will capture 500,000 metric tons of CO 2 annually. 22, 2021 /PRNewswire/ - 1PointFive announced today its selection of Worley for the Front End Engineering and Design (FEED) phase of its first direct air capture (DAC) facility in. The initial focus of this collaboration is on the Permian Clean Campus targeting DAC 1 through DAC 4. This FEED agreement is the first step of an alliance between 1PointFive and Worley. Permian Basin, is the first commercial scale deployment of Carbon Engineering’s DAC technology, which captures carbon dioxide directly out of the atmosphere. Maintenance, modifications & operations.
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