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1pointfive, a subsidiary of Occidental, and Enbridge Inc. have announced a 50-50 joint venture to create the Pelican Sequestration Hub in Livingston Parish, Louisiana. This project aims to store 2-3 million metric tons of carbon dioxide annually from a nearby low-carbon ammonia facility. 1pointfive will develop the sequestration facilities, while Enbridge will manage the necessary pipeline infrastructure. This initiative reflects a growing investment trend in carbon capture technologies, aligning with Louisiana's goals for low-carbon industry development and economic growth.