Occidental and Blackrock Team Up For Carbon Capture Company
Posted on 11/13/2023
Occidental has made the announcement that Blackrock will invest US$ 550 million for clients to develop STRATOS, the world’s largest Direct Air Capture facility. The facility is in Texas. BlackRock has signed a definitive agreement to form a joint venture with Occidental through its subsidiary 1PointFive, which will own STRATOS. STRATOS is intended to capture…
