CO2 Management > Engineered Removals > 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 (US & Canada), CO2 Management (Engineered Removals), Net Zero Transition (Industrial Decarbonisation), Voluntary (VCM Developments)

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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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