STRATOS: A direct approach to carbon emission
Private Markets

STRATOS: A direct approach to carbon emission

Once fully operational, this direct air capture facility in Texas will remove and securely store up to half a million tonnes of CO2 from the atmosphere annually.

Around the world, governments and corporations alike are setting ambitious goals to reduce their carbon emissions, as well as to remove historical CO2 emissions already in the atmosphere. BlackRock is investing US$550 million on behalf of clients in the development of STRATOS, in partnership with energy leader Oxy to build what will be the world’s largest direct air capture facility. Situated on 65 acres in Ector County, Texas, the facility is designed to capture up to 500,000 tonnes of CO2 annually once fully operational.

The facility

STRATOS will be the largest DAC facility in the world, when complete.1
infographic icon 1

How much CO2 STRATOS is expected to capture per year once fully operational.1
infographic icon 500000 tonnes

BlackRock’s investment in STRATOS on behalf of clients.1
infographic icon of USD 550m

The partnership

How long Oxy has been using enhanced oil recovery - a practice that uses CO2, which gets securely stored in oil and gas reservoirs.2
infographic icon of 50+ years

Oxy's CO2 emission reduction between 2019 and 2023 in operated assets.3
infographic icon of 18 percent Oxy's CO2 emission reduction

The CO2 storage capacity available to Oxy for sequestration hubs under development.3
infographic icon of 6b tonnes of CO2

Technological considerations

How much more land-efficient a direct air capture plant is at sequestering than reforestation.6
infographic icon of 100x

The projected drop in the cost of direct air capture, per tonne of carbon, over the next 20 years under optimal conditions.6
infographic icon of 89-95%

Carbon removal capacity needed in 2050 to achieve net zero.7
infographic icon of 20+ GT

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