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Transaction
U.S. Department of Energy - Carbon Capture / DAC Hub funding restored (South Texas DAC Hub & Project Cypress, Louisiana)
Terms
- Announced
- 18 Apr 2026
- Instrument
- Grants
- Amount
- Undisclosed
- Source
- investing.com
Parties
- Project developer
- South Texas DAC Hub (led by 1PointFive/Occidental) - $500M; Project Cypress, Louisiana (Battelle with Climeworks and Heirloom) - $550M
- Recipient type
- Grant recipient
- Country
- United States
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis U.S. Department of Energy Grantor Undisclosed No value disclosed
Carbon
- Pathway
- DAC
- Backed by offtakes from
- Airbus
- Bain & Company
- Lufthansa Group
- Microsoft
- NYK Line
- Pension Insurance Corporation
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