Occidental Petroleum subsidiary 1PointFive said last week it signed an oxygen supply contract with Nippon Sanso Holdings’ U.S. operating company Matheson Tri-Gas for the carbon capture, utilization and sequestration company’s first direct air capture plant in Permian Basin. Matheson will supply oxygen to Stratos, the plant under construction in Ector County. Oxygen is used to produce a pure stream of CO2, which then is sequestered in geologic reservoirs.
Stratos is expected to begin operations in mid-2025 and capture up to 500,000 metric tons per year of CO2 when fully operational – making it the world’s largest DAC plant. The companies said July 20 that Stratos could scale to 1 million tons per year with demand.
Nippon Sanso Holdings is one of the world’s largest suppliers of industrial, electronic and medical gases with operations in U.S., Europe, Japan, and Asia and Oceania.