Carbon Engineering Ltd.
Founded in 2009, Carbon Engineering (CE) is a Canadian-based clean energy company focused on the commercialization of groundbreaking technology that captures CO₂ directly from the atmosphere and a second technology that synthesizes it into clean, affordable transportation fuels. From a pilot plant in Squamish, B.C., CE has been removing CO₂ from the atmosphere since 2015 and converting it into fuels since 2017.
609 Granville Street
Vancouver BC V7Y 1G6
After Exxon Mobil’s deal to buy Denbury, CCS sequesterers and transporters appear to be “leading the dance” in driving carbon capture and sequestration projects, midstream operators and legal experts say.
U.S. low-carbon projects face a medley of different risks—from sluggish federal permitting timelines to huge spending budgets — and an uncertain road to profitability.
In this week's A&D Minute, Enverus' Andrew Dittmar discusses Occidental's recent acquisition of direct air capture company Carbon Engineering and how it will push the energy transition forward.
Occidental Petroleum is taking a multibillion-dollar leap into direct air capture (DAC), recently inking a $1.1 billion deal to acquire technology partner Carbon Engineering. But can the company bring down costs for its DAC dreams?
All Nippon Airways is the first airline to sign a purchase agreement with 1PointFive for carbon removal credits.
Occidental Petroleum and the Abu Dhabi National Energy Co. (ADNOC) as evaluating potential joint investments in the U.S. and the United Arab Emirates.
Worley said it had been awarded a FEED contract by 1PointFive, a JV between Occidental venture capital arm and private equity firm Rusheen Capital Management, for the Permian Basin facility’s first direct air capture unit.
The facility will be located on 100 acres in Texas' Permian Basin and will capture up to 1 million metric tons of CO₂ from the atmosphere a year, Occidental Petroleum said in a joint statement with Rusheen Capital.
Global and domestic initiatives facilitate emissions capture for storage and reuse in energy development.
Occidental Petroleum is partnering with Canada-based Carbon Engineering to build a new multimillion-dollar direct air capture plant in the Permian Basin.
Carbon Engineering has exceeded its financing target which will enable it to deploy its first commercial operation to remove CO₂ directly from the air.
BHP's equity stake in Canada's Carbon Engineering follows the investment of an undisclosed sum announced in January from Occidental Petroleum and Chevron.
The Chevron and Occidental deal marks the first significant investment by energy groups into the technology developed by Carbon Engineering, a Bill Gates-backed start-up based in Canada.