Carbon Engineering Ltd. (CE) in Squamish, B.C., Canada has just announced significant news on some recent strategic investments, which we are happy to pass along.
CE has announced two major strategic investors, the first being Oxy Low Carbon Ventures, a subsidiary of Occidental Petroleum Corporation, and the second being Chevron Technology Ventures, the venture capital arm of Chevron Corporation.
These investments enable CE to accelerate commercialization of CE’s Direct Air Capture (DAC) and AIR TO FUELS™ technologies, and bring them closer to deploying large-scale commercial plants. Both Occidental and Chevron are investing into CE’s technologies and business plan, and this funding will allow CE to accelerate the use of their technologies in a way that delivers affordable, low-carbon energy, and significant emissions reductions.
CE is one of PROCESS’ valued clients whom we have served through our international projects group and wholly owned subsidiary Process Engineering International, LLC. We wish CE continued success as they seek to commercialize this exciting technology. Follow this link to view the full Press Release and/or visit the web site for Carbon Engineering, Ltd.