The four finalists of The Sky’s the Limit Challenge will receive up to CAD$2 million to develop their innovative solutions for sustainable aviation fuel Vancouver, B.C.
Oxy Low Carbon Ventures, LLC (OLCV), a subsidiary of Occidental, and Carbon Engineering Ltd. (CE), a Canadian clean energy company, today announced they are jointly proceeding with the engineering and design of the world’s largest Direct Air Capture (DAC) and sequestration facility.
This funding is the largest investment made into Direct Air Capture – a climate change mitigation technology that captures carbon dioxide directly from the atmosphere.
We are happy to share BHP’s news release regarding their investment in Carbon Engineering.
These investments highlight the first significant collaboration between the air capture field and two energy industry leaders.