Occidental Enters into Agreement to Acquire Direct Air Capture ...
WEBAug 15, 2023 · CE is focused on the global deployment of large-scale Direct Air Capture (DAC) technology that captures carbon dioxide out of the atmosphere so it can be permanently stored deep underground or used to produce clean, …
An oil firm wants to pull CO2 from the sky — to keep selling crude - NPR
WEBDec 27, 2023 · Oxy would capture carbon dioxide from the atmosphere, inject it into an oil field, and then argue that the CO2 used to make the oil cancels out the CO2 released by burning that oil.
Occidental and BlackRock Form Joint Venture to ... - Occidental Petroleum
WEBNov 7, 2023 · HOUSTON and NEW YORK — November 7, 2023 — Occidental (NYSE: OXY) announced today that BlackRock (NYSE: BLK) will invest $550 million on behalf of clients in the development of STRATOS, the world's largest Direct Air Capture (DAC) facility, in Ector County, Texas.
Occidental, 1PointFive to Begin Construction of ... - Occidental Petroleum
WEBAug 25, 2022 · Plant will advance large-scale carbon capture to help Oxy and others reduce emissions and accelerate their respective paths to net zero; Captured carbon can be safely and securely sequestered in saline formations or …
King Ranch will be the site of the largest carbon capture project yet
WEBNov 1, 2022 · Oil giant Occidental announced new plans to capture and store carbon dioxide at Texas’ King Ranch. The carbon removal project would be orders of magnitude larger than existing direct air...
Occidental Petroleum Is Getting Up to $650 Million to Accelerate …
WEB5 days ago · Occidental Petroleum (NYSE: OXY) has long been a leader in using carbon dioxide in its oil business. It injects the greenhouse gas into underground oil reservoirs in the Permian Basin to boost the ...
Occidental plans up to $1 bln for facility to capture carbon from air
WEBHOUSTON, March 23 (Reuters) - Occidental Petroleum (OXY.N) on Wednesday outlined plans to advance its clean energy transition business, including spending between $800 million and $1 billion...
Occidental’s 1PointFive receives up to $500m for direct air carbon ...
WEBSep 13, 2024 · OXY. 1PointFive, the carbon capture, utilisation and sequestration unit of US oil company Occidental, has secured funding of up to $500m from the US Department of Energy's Office of Clean Energy ...
Occidental buys carbon air capture tech firm for $1.1 billion
WEBAug 15 (Reuters) - U.S. oil and gas producer Occidental Petroleum (OXY.N) on Tuesday agreed to pay $1.1 billion for technology supplier Carbon Engineering Ltd to help it develop a string of...
BlackRock to invest $550 mln in Occidental's carbon capture …
WEBNov 8, 2023 · BlackRock Inc, the world's biggest money manager, will invest $550 million in Occidental Petroleum Corp’s direct air capture (DAC) plant in West Texas, the two companies announced on Tuesday.