Occidental Petroleum’s $1.1 Billion Carbon Capture Deal To Lead to Biggest US Plant of Its Kind

Occidental Petroleum agreed to buy Canada-based Carbon Engineering Ltd. in a $1.1 billion deal to bring a direct air capture plant online in West Texas's Permian Basin, where Occidental has offices, above. (CoStar)
Company Plans To Build Stratos Direct Air Plant in West Permian Basin in West Texas