Carbon removal startup Holocene bought by oil and gas giant Occidental [TechCrunch]
Occidental Petroleum Corporation (OXY)
Last occidental petroleum corporation earnings: 2/27 04:13 pm
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Source: TechCrunch
The deal was executed through Oxy Low Carbon Ventures, a subsidiary of the oil and gas company, for an undisclosed amount. HeatMap first reported the news. Holocene had been racing to advance its amino acid-based carbon removal technology following a $10 million deal it signed in September with Google to deliver 100,000 metric tons of carbon removal by the early 2030s. At $100 per metric ton, the price was significantly lower than what competitors could offer today. Currently, removing carbon dioxide directly from the atmosphere is estimated to cost around $600 per metric ton Occidental's interest in carbon capture stems from a technique known as enhanced oil recovery, in which CO is injected underground to stimulate oil wells. The company bought another direct air capture startup , Carbon Engineering, in 2023 for $1.1 billion. An Occidental spokesperson told HeatMap that the company will be using Holocene's technology to further it's direct air capture research and developme
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OXY
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- 11/10/25 - Beat
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- 12/17/25 - Form 4
- 11/10/25 - Form 10-Q
- 11/10/25 - Form 8-K
- OXY's page on the SEC website