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Occidental Acquires a Direct Air Capture Tech Firm in a $1.1 Billion Deal

The transaction will be executed through three equal annual payments

August 17, 2023

/ Gautamee Hazarika
/ Other, Renewable Energy
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Occidental, a U.S.-headquartered global energy company, has announced the acquisition of Carbon Engineering, a company specializing in direct air capture (DAC) technology, in a deal valued at approximately $1.1 billion.

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Gautamee Hazarika

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Carbon EngineeringDAC TechnologyNet-zeroOccidental AcquisitionSustainability
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