1PointFive Selected for U.S. Department of Energy Grant to Develop South Texas Direct Air Capture Hub - Seite 2

1PointFive will also establish programs to serve the local communities under its Community Benefits Plan, which promotes local hiring, workforce development opportunities, educational initiatives and community engagement and investment to further support equity, justice and quality job creation in the region. The first DAC plant at the South Texas DAC Hub is expected to create approximately 2,500 jobs in construction, operations and maintenance.

About Occidental

Occidental is an international energy company with assets primarily in the United States, the Middle East and North Africa. We are one of the largest oil producers in the U.S., including a leading producer in the Permian and DJ basins, and offshore Gulf of Mexico. Our midstream and marketing segment provides flow assurance and maximizes the value of our oil and gas. Our chemical subsidiary OxyChem manufactures the building blocks for life-enhancing products. Our Oxy Low Carbon Ventures subsidiary is advancing leading-edge technologies and business solutions that economically grow our business while reducing emissions. We are committed to using our global leadership in carbon management to advance a lower-carbon world. Visit oxy.com for more information.

About 1PointFive

1PointFive is a Carbon Capture, Utilization and Sequestration (CCUS) platform that is working to help curb global temperature rise to 1.5°C by 2050 through the deployment of decarbonization solutions, including Carbon Engineering's Direct Air Capture (DAC) and AIR TO FUELS technologies alongside geologic sequestration hubs. More at 1PointFive.com.

AIR TO FUELS is a registered trademark of Carbon Engineering Ltd.

About the Office of Clean Energy Demonstrations

The U.S. Department of Energy’s Office of Clean Energy Demonstrations (OCED) was established to accelerate clean energy technologies and fill a critical innovation gap on the path to achieving our nation’s climate goals of net zero emissions by 2050. OCED’s mission is to deliver clean energy demonstration projects at scale in partnership with the private sector to accelerate deployment, market adoption, and the equitable transition to a decarbonized energy system. Visit energy.gov/oced to learn more.