The start of carbon from the Holocene bought by the Occidental oil and gas giant

Occidental Holocene has been bought, as it was identified to start the second Air Capture, which was bought by Fossil Fuel Company two years ago.

The deal was implemented through Oxy Low Carbon Ventures, a subsidiary of the oil and gas company, compared to an unannounced amount. Heat map I mentioned for the first time News.

Holosin was racing to enhance the amino -based carbon removal technology after a $ 10 million deal she signed in September With Google To provide 100,000 metric tons of carbon removal by the early thirties.

At $ 100 per metric ton, the price was much lower than that of competitors today. Currently, the removal of carbon dioxide is estimated directly from the atmosphere $ 600 per metric ton.

Oxidental interest in capturing carbon from a technique known as the improvement of the improvement of oil, where₂ It is injected under the ground to stimulate oil wells. Company Buy the direct startup of the direct airCarbon engineering, in 2023 for $ 1.1 billion.

A spokesman for the Occidental Heatmap told the company that the company will use the Holocene technology to enhance research and direct development to capture air.

Direct air capture depends on tax credits under the law to reduce inflation, with the final incentive depends on whether the device uses zero emissions power and whether capable carbon dioxide is used to restore reinforced oil.