A Carbon-Sucking Startup Has Been Paralyzed by Its CEO msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Oxy, Cemvita Piloting Bio-Ethylene Process to Reduce CO2, Compete with Hydrocarbon Feedstocks
A unit of Occidental Petroleum Corp. (Oxy) is partnering in a pilot project that could produce 1 metric tons/month of ethylene using human-made carbon dioxide (CO2) instead of hydrocarbon feedstocks like natural gas and oil.
Houston-based Cemvita Factory, a bio-engineering start-up, is working with Oxy Low Carbon Ventures (OLCV) on the bio-ethylene pilot facility, which could be up and running in 2022. The test facility would rely on a process developed by the partners in laboratory tests. Initial testing indicated the facility could be competitive with hydrocarbon-sourced ethylene processes.
Tech companies are setting the most ambitious net-zero goals thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
Oil Fluctuates Around $63 a Barrel Ahead of U.S. Stockpile Data
Bloomberg 57 mins ago Sharon Cho and Alex Longley
(Bloomberg) Oil traded near $63 a barrel in London as traders awaited weekly U.S. inventory data for the latest steer on the demand recovery.
Brent futures climbed 1%, swinging between gains and losses. Attention will shift later to U.S. inventories, after an industry report showed a decline in crude stockpiles but a gain in gasoline holdings. Wednesday’s government data will offer clues on the health of American consumption after the world’s largest economy posted a string of positive economic figures.
Shale CEO lauds OPECâs efforts to rebalance crude oil markets By Kevin Crowley on 4/7/2021
Oxy drilling crew at work in the Permian basin
HOUSTON (Bloomberg) - Occidental Petroleum Corp. praised OPEC and its allies for managing crude markets out of last yearâs historic crash and said the U.S. shale industry is thankful for its efforts.
âTheyâve been brilliant in the way theyâve handled it, the way theyâve been doing it,â Chief Executive Officer Vicki Hollub said at a conference hosted by the Texas Independent Producers & Royalty Owners Association Tuesday. âEvery U.S. oil and gas company is appreciating their efforts.â