U.S. oil company to buy B.C.'s Carbon Engineering for $1.5B
Direct air capture company’s research division to remain in Squamish
Source: tricitynews.com
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Occidental Petroleum to Acquire Carbon Engineering for $1.1B
Occidental Petroleum has worked with Carbon Engineering on direct air capture technology since 2019, and CEO Vicki Hollub said the technology partnership will add new revenue streams in the form of technology licensing and royalties.
Source: hartenergy.com
Occidental to acquire Carbon Engineering for $1.1bn
Carbon management specialist Occidental has signed a definitive purchase agreement to acquire the outstanding equity of Carbon Engineering for approximately $1.1bn.
Source: gasworld.com
Occidental to acquire direct air capture company for $1.1 billion
Acquiring Carbon Engineering aligns with Occidental’s integrated net-zero strategy and provides Occidental, through its 1PointFive subsidiary, the opportunity to rapidly advance DAC technology breakthroughs and accelerate deployment of DAC as a large-scale, cost effective, global carbon removal solution.
Source: worldoil.com
Occidental inks $1.1bn deal to snap up DAC specialist Carbon Engineering
US oil producer agrees to snap up all outstanding shares in Canadian carbon removals technology developer with ambition to scaling DAC technology worldwide
Source: businessgreen.com