OXYCHEM Market Analysis and Guidance
DIRECT AIR CAPTURE
PROGRESS TOWARD DAC 1 - STRATOS
LICENSE TO BUILD
Exclusive DAC and AIR TO FUELS TM license for U.S.
deployment. OLCV has a worldwide agreement with Carbon
Engineering as the execution partner for all DAC and AIR TO
FUELSTM deployments
INNOVATION CENTRE
Carbon Engineering Innovation Centre was built to develop
and test technology advancements so improvements can
be incorporated into commercial facilities worldwide
FRONT-END ENGINEERING AND DESIGN COMPLETE
FEED was successfully completed last summer with a
definitive agreement for the EPC contract completed in 1Q23;
first facility expected to remove up to 500,000 tonnes of CO2
annually
CONSTRUCTION UNDERWAY FOR STRATOS
Site preparation and roadwork at Stratos in Ector County,
Texas began in 3Q22; Stratos expected operational in
mid-2025
NOTE: AIR TO FUELSTM IS A REGISTERED TRADEMARK OF CARBON ENGINEERING LTD.
Site preparation for Stratos
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