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The feasibility of a permanent carbon dioxide (CO2) sequestration hub, located in southeast Texas, is being explored by Natural Resource Partners and Occidental’s Low Carbon...
Provides approximately 65,000 acres to expand OLCV’s carbon sequestration hubs...
The deal with Manulife gives Oxy unit 1PointFive access to 27,000 acres of subsurface pore space for carbon sequestration.
1PointFive, a subsidiary of Occidental’s Low Carbon Ventures (OLCV) business, and Manulife Investment Management have announced that OLCV and Manulife entered into a lease agreement for approx. 27,000 acres of timberland in Western Louisiana. The agreement provides 1PointFive with access to subsurface pore space and surface rights to develop and operate a carbon sequestration hub.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.