Direct Air Capture

Carbon Removal Startup Holcene Bough and Gas Giant Occidental

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The Occidental Petroleum Headquarters is seen on December 11, 2023 in The Woodlands, Texas.

Occidental has boght Holcene, marking the second direct Air Capture Startup The deal was executed through oxy low carbon ventures, a subsidiary of the oil and gas company, for an undiscLode Amount. Heatmap First reported The news. Holcene Had Been Racing to Advance Its AMINO ACID-Based Carbon Removal Technology Following A $ 10 Million Deal … Read more

The real reason why oil and gas companies are bullish on carbon capture

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Methane gas flare and pump jack at an oil well in the Bakken Oil Fields, Mountrail County, North Dakota

Two years ago, oil and gas company Occidental Bough Carbon Capture Startup Carbon Engineering. The transaction was haired as a win-wind: a climate tech company scored a significant exit, and a fossil fuel company gained a fothold in a sector that would be worth up to $ 150 billion By 2050. Now we have a … Read more