JP Morgan ↔ Occidental

JP Morgan: a firm purchase of 50,000 t of direct air capture removal from Occidental.

BuyerJP Morgan

SupplierOccidental

Tonnes50,000 t

Capture pathwayDirect air capture

Storage mediumgeological

Commitment typefirm

Deal structureofftake

Source pathway descriptiondirect air capture (DAC)

Storage descriptionCO2 enhanced oil recovery (EOR)

Project locationEctor County, Texas

NotesCDR credits purchase for Stratos DAC hub project. Stratos has capacity to capture up to 500,000 tonnes of atmospheric CO2 annually and is scheduled to launch operations by end of 2025.

Durability defaultedtrue

Previous durabilitydurable-1000y

Previous durability basispathway-default

Durability notePathway default removed; duration requires source evidence

on the record, owner-reviewed · discovered via carbon-removal-updates · extracted 2026-08-28

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More: Occidental · Direct air capture