Chevron and Occidental invest in capturing CO2 from the air

摘要

CHEVRON and Occidental Petroleum have invested in Canadian direct air capture(DAC)company Carbon Engineering,to help commercialise Carbon Engineering's DAC and Air to Fuels technology.Carbon Engineering has been capturing 1 t/d of CO2 from the air at a pilot plant in Squamish,British Columbia since 2015.Its Air to Fuels technology produces synthetic fuel by combining the captured CO2 with hydrogen generated from electrolysis using renewable energy.The pilot plant produces 1 bbl/d of fuel and the fuels are compatible with existing vehicles.DAC plants are not location dependent,so could be sited close to oil-field operations to enable the CO2 to be used for enhanced oil recovery(EOR).