This is STRATOS, 1PointFive's first Direct Air Capture facility. It will sit on approximately 65 acres in Ector County, Texas. The actual working footprint will stretch some 430 meters from end to end, and 270 meters across. This will be the largest Direct Air Capture facility in the world. It is designed to capture up to 500,000 metric tons of CO₂ from the atmosphere every year. Let's take a look inside. There are five core pieces of equipment that capture and separate the CO₂. Around the perimeter we have giant air contactors, which you can see on either side of us right now. In the middle is the central processing facility with centrifuges, slakers and most notably the calciner. The process starts at the air contactors where acidic CO₂ comes into contact with an alkaline liquid solution of potassium hydroxide. The potassium hydroxide flows down from the top and binds to CO₂ molecules being drawn into the air contactor, creating a CO₂ rich liquid. From here, that liquid gets pumped to the pellet reactors, which we'll talk more about in a minute. One thing that is unique about this facility is that it uses a liquid sorbent rather than a solid sorbent. A liquid sorbent can run on a continuous cycle. With a solid system, once the sorbent is full, you have to stop pulling in air then vacuum the CO₂ out of the solid sorbent before you can start running the system again. That down time limits the amount CO₂ you can remove and process. Our liquid system is designed for a continuous cycle where we can recycle and regenerate key materials. So these are the pellet reactors. Here we add calcium hydroxide, enabling a reaction that creates tiny, solidified pellets of calcium carbonate. At this stage, the captured CO₂ is concentrated to approximately 40%. From the pellet reactors, the liquid-pellet solution is sent to a centrifuge where we separate the pellets out from any residual liquid. The potassium hydroxide is recycled and refreshed and sent back to the air contactors where it can be used to capture more CO₂. The solid pellets that we separated in the centrifuge are conveyed to the calciner, which is right around here. By the way, one of the brilliant aspects of Carbon Engineering's DAC technology is none of the equipment is first-of-its-kind. Calciners are commonly used in cement manufacturing. The air contactors are redesigned cooling towers. This is what allows us to build such a large-scale facility straight away. Now, the calciner. This is the largest centralized piece of equipment in the facility. At approximately 80 meters tall, it's designed for heat transfer efficiency that enables large quantities of CO₂ to be processed. Here the pellets are heated to 900 degrees Celsius, and in that heating process the CO₂ that was trapped in the pellets is liberated and rises to the top of the calciner. The resulting CO₂ is more than 90% pure and can then be securely sequestered deep underground or used to create other products. Earlier I mentioned that STRATOS is being built in Ector County, Texas. So, why did we choose Texas? It's because we know the geology there. Our parent company, Oxy, has been storing CO₂ in the region for over 50 years, so we wanted to plan our first facility where we're very familiar with the subsurface environment. There's one more piece of equipment I want to talk about, which is the slaker. After the CO₂ is sent off to be sequestered, there are leftover decomposed pellets of calcium oxide in the calciner, and those are sent to the slaker. In the slaker, leftover pellets are mixed with water to form calcium hydroxide which can be sent back to the pellet reactors and used again to form new pellets. So this is STRATOS. This is what removing CO₂ from the atmosphere at scale looks like. It s a very exciting project, first of its kind, certainly the largest of its kind, with the ability to make an enormous positive impact. Not just on our climate on our economy, too. We re investing in technologies that use CO₂ to create new products. In fact, CO₂ can be used to create a variety of materials and products from plastics, cement and graphene, to diamonds and even protein. Our vision is to create CO₂ innovation centers around our DAC hubs where technology startups can co-locate with our facilities and use our CO₂ in their pilot and demo plants and ultimately, for their commercial facilities. The world is faced with some significant challenges today. But with projects like STRATOS, 1PointFive is providing exciting opportunities for companies and leaders in every industry to make a difference.