1PointFive’s lease agreement for the South Texas DAC Hub with King Ranch covers approximately 106,000 acres of pore space estimated to accommodate up to 3 billion metric tons of CO2 in saline formations. 1PointFive estimates that the Hub has the potential to remove and store up to 30 million metric tons of CO2 per year through DAC. The property is located near industrial emitters on the Texas Gulf Coast, where CO2 also can be captured, transported and securely sequestered at the Hub.

Description of Technology:

Liquid solvent carbon capture and sequestration via saline formations

Sector:

Carbon Dioxide Removal (CDR)

Type of Supplier:

Final Product Supplier

Supplier Geography:

Global

Expected Capacity (Mt/Year):

1