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Strategy

Oxy Adds Muscle to DAC Portfolio With Holocene Buy

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Occidental Petroleum has acquired direct air capture (DAC) start-up Holocene, marking its second acquisition in the DAC space in the last two years and sending a strong signal that the US independent remains committed to the sector despite growing regulatory and economic uncertainty. Oxy confirmed the acquisition this past Thursday, although the financial terms of the deal were not immediately available.

Topics:
Corporate Strategy, M&A, Carbon Capture (CCS), CO2 Emissions
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