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U.S. Announces Historic Investment in Regional DAC Hubs
12th August 2023
On 11th August 2023, the Biden-Harris Administration announced an historic investment of up to $1.2 billion USD in the development of two commercial-scale direct air capture (DAC) facilities in the U.S. as part of the Regional Direct Air Capture (DAC) Hubs program funded by the Bipartisan Infrastructure Law.
- Project Cypress in Calcasieu Parish, Louisiana - led by Battelle, in coordination with Climeworks Corporation and Heirloom Carbon Technologies, Inc.
- And the South Texas DAC Hub in Kleberg County, Texas - led by 1PointFive, a subsidiary of Occidental, and its partners, Carbon Engineering Ltd. and Worley.
Together, these two DAC hubs are expected to remove more than 2 million metric tons of carbon dioxide (CO2) emissions each year from the atmosphere and create 4,800 good-paying jobs in Louisiana and Texas. (Learn more about these two projects here)
To assess the viability of future DAC Hubs, the U.S. Department of Energy also announced today the selection of 19 additional DAC Hub projects for award negotiations, which will help support earlier stages of project development, including feasibility assessments and front-end engineering and design (FEED) studies.
The Institute's membership was well represented among today's funding recipients and includes: Carbon Engineering, Occidental, and Worley. As well as Aera, Chevron, and General Electric, which were selected for award negotiations.