Americas > Oil company Occidental buys direct air capture firm Carbon Engineering for $1.1 bln

Oil company Occidental buys direct air capture firm Carbon Engineering for $1.1 bln

Published 23:23 on August 15, 2023  /  Last updated at 23:33 on August 15, 2023  / /  Americas, Canada, US, Voluntary

Houston-based oil and gas firm Occidental has purchased the Canadian direct air capture (DAC) company Carbon Engineering through a subsidiary for $1.1 billion, the entities announced Tuesday.
Houston-based oil and gas firm Occidental has purchased the Canadian direct air capture (DAC) company Carbon Engineering through a subsidiary for $1.1 billion, the entities announced Tuesday.


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