re: Occidental Petroleum buys carbon air capture tech firm for $1.1 billion

I work for a startup that are planning billion dollar clean Ammonia, Hydrogen, Sustainable Aviation Fuel & Renewable Diesel and CCS injection projects. Each project captures CO2 emissions, not DACs, but capturing emissions right off pipes (99.6% of what we capture is CO2 right off exhaust pipes and not 0.04% like DACs straight out of air) and transferring to carbon sinks to inject. Which this part of the country has many permeable reservoirs for it.

These projects would in no way be profitable or at least decently without tax credits. I know. I create the complex financial models for the projects and model the tax credits daily. The 45Q, 45V, and 45Z credits.

Government has to do them otherwise no one would partake in the projects.