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Oxy

Climate love

Oxy Captures Carbon Engineering in $1.1-Billion Deal.

Occidental Petroleum, a U.S. oil and gas company, has agreed to pay $1.1 billion for Carbon Engineering Ltd, a technology supplier. This acquisition will aid Occidental in creating multiple carbon-capture sites, part of its strategy to combat climate change. They plan to construct approximately 100 plants using direct air capture (DAC) technology, which removes carbon dioxide (CO2) from the air. The captured CO2 can then be stored underground or utilized in the production of items like concrete and aviation fuel. https://jpt.spe.org/oxy-captures-carbon-engineering-in-1-1-billion-deal

Do you agree?

32 more agrees trigger social media ads

  • Petter Körnemark

    33 w

    How much CO2 can it capture, compared to the amount CO2 released by their petroleum?

    1
    • Princess

      34 w

      Their commitment to innovative solutions is truly impressive.

      3
      • We Don't Have Time

        34 w

        Dear Princess nel Your climate love has received over 50 agrees! We have reached out to Occidental Petroleum by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

        1
        • Grace Njeri

          34 w

          Hats off to Oxy.

          2
          • Komu Daniel

            34 w

            This is an incredible input by Oxy. It will surely reduce carbon emissions significantly

            11
            • winnie nguru

              34 w

              Good initiative

              6
              • Joseph Githinji

                34 w

                This is a great stretergy to reduce carbon emissions.

                17
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