AND HERE TIS:1PointFive awards Worley FEED contract for direct...

AND HERE TIS:
1PointFive awards Worley FEED contract for direct air capture project 1PointFive Inc. (1PointFive)
has awarded Worley a front end engineering design (FEED) contract for its first direct air capture (DAC) unit for its DAC facility to be constructed in the U.S. Permian Basin. 1PointFive is a joint venture between
Oxy Low Carbon Ventures (a subsidiary of Occidental Petroleum Corporation) and Rusheen Capital.

The DAC facility will be the first commercial-scale development using Carbon Engineering Ltd’s DAC
technology. The technology involves the removal of carbon dioxide (CO2) directly from the atmosphere.
Each DAC unit has an expected design capacity to extract 1 million metric tons of atmospheric CO2 annually.
Upon completion of the FEED, 1PointFive and Worley expect to form an alliance and move into the
engineering, procurement and construction phase for DAC 1 with plans for DACs 2 to 4 to follow.
The FEED services will be led by Worley’s Houston office, with support from Worley’s Global Integrated Delivery team in India.
“We are delighted to have been awarded the FEED contract and we are looking forward to forming the
alliance with 1PointFive. This direct air capture project is a starting point for the deployment of
commercial-scale DAC to help companies meet CO2 emission reduction targets and aligns with Worley’s
strategic focus of delivering a more sustainable world”, said Chris Ashton, Chief Executive Officer of Worley.
Authorized for release by Nuala O’Leary, Group Company Secretary.

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