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Top related persons:
Pascal - 1 Jamey Mulligan - 1 ” - 1 Mulligan - 1 Susanna Twidale - 1 Sharon Singleton - 1 Brendan McDermid - 1 " Roth - 1
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Texas Occidental Lauwin France Paris New York U.S Louisiana
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REUTERS - 2 U.S . Department of Energy - 2 Thomson - 2 Carbon Ventures - 1 DAC - 1 Microsoft - 1 U.S - 1 Amazon - 1

Search resuls for: "Low Carbon Ventures"


2 mentions found


☆ Amazon makes first investment in direct air capture climate technology
  + stars: | 2023-09-12 | by ( Susanna Twidale Peter Henderson | Susanna Twidale | Peter Henderson | ) www.reuters.com   time to read: +3 min
The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, November 15, 2022. Amazon will purchase the credits from the 1PointFive direct air capture (DAC) plant in Texas, which is being developed by oil company Occidental’s Oxy Low Carbon Ventures subsidiary and will use them to help meet its climate target of net zero carbon emissions by 2040. The company did not reveal any financial details of the deal, but developers of DAC technology have said removal credits currently cost in the mid-to-high-triple digits in dollars per metric ton. Microsoft last week signed a multi-year deal for the purchase of 315,000 metric tons with U.S. project developer Heirloom. Jamey Mulligan, head of carbon neutralization science and strategy at Amazon said an “all hands on deck approach” was needed to scale up the technology.
Persons: Pascal, Jamey Mulligan, ”, Mulligan, Susanna Twidale, Sharon Singleton Organizations: REUTERS, Carbon Ventures, DAC, Microsoft, U.S, Amazon, U.S . Department of Energy, Thomson Locations: Lauwin, France, Texas, Paris, Occidental
☆ Occidental buys carbon air capture tech firm for $1.1 billion
  + stars: | 2023-08-15 | by ( Sabrina Valle Sourasis Bose | Sabrina Valle | Sourasis Bose | ) www.reuters.com   time to read: +2 min
The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. The DAC technology is in early stages of commercialization and will require multibillion-dollar investments to prove it can work economically and generate profits. President Joe Biden's administration views DAC technology as a tool to help meet a goal of neutralizing emissions by 2050, if it can be commercialized and applied at industrial scale. While carbon capture is applied to emissions produced at industrial facilities, DAC actively removes CO2 from the air. Some of that money will fund Occidental's 30 proposed DAC plants in Kleberg Country, Texas.
Persons: Brendan McDermid, " Roth, Joe Biden's, Vicki Hollub, Sourasis Bose, Shilpi Majumdar, David Gregorio Our Organizations: Occidental Petroleum, New York Stock Exchange, REUTERS, Carbon Engineering Ltd, Occidental, Low Carbon Ventures, U.S . Department of Energy, Congress, Carbon Engineering, Thomson Locations: New York, U.S, Texas, Louisiana, Country , Texas, Occidental, Bengaluru
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