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Blackrock: Inside the New $550m Carbon Capture Investment

BlackRock has announced plans to invest $550 million into Occidental Petroleum Corp.’s Stratos project, a ground-breaking effort to create the world’s largest carbon capture plant.

BlackRock expands investment in carbon capture market with $550m to establish the world’s largest direct air capture plant. PHOTO: Kristina King|BlackRock
BlackRock expands investment in carbon capture market with $550m to establish the world’s largest direct air capture plant. PHOTO: Kristina King|BlackRock

The joint venture between BlackRock’s diversified infrastructure business and Occidental’s 1PointFive subsidiary aims to own and operate Stratos.

This investment represents approximately 40% of the project’s total cost of $1.3 billion,

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