The technology (direct air capture) still isn't cost effective but the O'Biden-Podesta administration put some juicy incentives* into the Inflation Reduction Act for those who can afford to take advantage of same.
From OXY, November 7:
Occidental and BlackRock Form Joint Venture to Develop STRATOS, the World's Largest Direct Air Capture Plant
STRATOS designed to capture 500,000 tonnes of CO2 per year....MUCH MORE
BlackRock $550 million investment to advance construction underway in TexasHOUSTON and NEW YORK — November 7, 2023 — Occidental (NYSE: OXY) announced today that BlackRock (NYSE: BLK) will invest $550 million on behalf of clients in the development of STRATOS, the world's largest Direct Air Capture (DAC) facility, in Ector County, Texas. Through a fund managed by its Diversified Infrastructure business, BlackRock has signed a definitive agreement to form a joint venture with Occidental through its subsidiary 1PointFive that will own STRATOS....
*Here's TIME Magazine last year as the bill was on its way to being enacted:
The Inflation Reduction Act is a Carbon Capture Bonanza
