Occidental Petroleum’s carbon‑capture subsidiary, 1PointFive, announced on January 13, 2026 that it has signed a three‑year agreement with Bain & Company to purchase 9,000 metric tons of carbon‑removal credits generated by its STRATOS direct‑air‑capture facility in Texas.
The STRATOS plant, designed to capture up to 500,000 metric tons of CO₂ annually, is expected to become commercially operational in 2025. At the time of the announcement the facility was still in the final stages of commissioning, so the credits will be delivered as the plant ramps up to full capacity.
Bain’s net‑negative strategy, which has required the firm to offset more than 100 % of its scope 1, 2, and 3 emissions each year since 2022, is reinforced by this deal. “We are proud to partner with 1PointFive and add them to our portfolio of engineered carbon removal technologies,” said Sam Israelit, Bain’s Chief Sustainability Officer.
For 1PointFive, the contract provides a guaranteed revenue stream that underpins the company’s broader monetization strategy for DAC technology. “Collaborating with Bain reflects our shared commitment to innovation and the importance of accelerating the adoption of Direct Air Capture technology,” said Anthony Cottone, President and General Manager of 1PointFive.
The transaction signals growing confidence in DAC as a credible removal solution. Other corporations—including Microsoft, JP Morgan, and Palo Alto Networks—have already purchased credits from STRATOS, and the new Bain deal adds to a pipeline of high‑quality credits that could help drive further investment in large‑scale carbon‑removal projects.
Overall, the agreement underscores Occidental’s ambition to position its carbon‑management expertise as a commercial asset, while providing Bain with a reliable source of high‑integrity credits to meet its ambitious net‑negative targets.
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