News & Updates

1PointFive announces agreement with Airbus for the purchase of 400,000 tonnes of carbon removal credits
March 17, 2022

Purchase marks a key milestone for the decarbonization of the aviation industry HOUSTON — March 17, 2022 —1PointFive, a subsidiary of Occidental’s (NYSE: OXY) Oxy Low Carbon Ventures business, announced … read all

Carbon Engineering Announces Leadership Transition
January 10, 2022

Today, Carbon Engineering (CE) announces the appointment of Daniel Friedmann as Chief Executive Officer (CEO), to succeed Steve Oldham who held the position of CEO since 2018. As a technology … read all

Response to EU Commission’s Communication on Sustainable Carbon Cycles
December 15, 2021

On December 15, 2021, the European Commission released a Communication on Sustainable Carbon Cycles that sets out the EU’s vision and action plan to reduce fossil carbon emissions and to … read all

BMO First Bank to Pre-Purchase Direct Air Capture Carbon Removals using Carbon Engineering technology
November 24, 2021

The bank has pre-purchased 1,000 tonnes of carbon removal units, planned to be delivered by a large-scale facility utilizing Carbon Engineering’s Direct Air Capture (DAC) technology. Carbon Engineering’s DAC technology, … read all

New partnership to deploy large-scale Direct Air Capture in Norway
November 23, 2021

Carbon Removal, Carbon Engineering and Oxy Low Carbon Ventures to collaborate on a proposed facility that could remove between 500,000 and one million tonnes of carbon dioxide from the atmosphere … read all

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