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Oxy doubles down on direct air capture, scooping up a second DAC startup despite political headwinds.
Acquisition marks Oxy’s second DAC buy in under 2 years (Carbon Engineering was first at $1.1B in 2023)
Holocene, founded by Stanford grads, uses amino acid-based chemistry for lower-heat CO₂ capture
Previously landed a 100K-ton deal with Google at $100/ton and ran a 10-ton pilot in Tennessee
Tech potentially cuts energy costs vs. Carbon Engineering’s natural gas process
Purchase comes amid Trump-era cuts to federal DAC support; consolidation expected
Oxy plans to combine both DAC platforms to lower costs, scale faster, and expand EOR + storage applications
Microsoft locks in 6.75M tonnes of permanent CDR from Fidelis’ Louisiana BECCS facility.
15-year agreement—the largest engineered carbon removal deal ever signed
Project to capture 680K tonnes/year using sugarcane bagasse and forest trimmings
Commercial operations expected by 2029; $800M+ in capex and 675 jobs projected
Supports Microsoft’s 2030 carbon-negative goal and revitalizes local forestry sector
Lowercarbon leads latest round as Crux aims to streamline tax credit and debt transactions.
Total funding now $77M+; platform handles $30B+ in tax credit deal flow
630+ market participants and 70+ tax credit transfers to date
Expanding debt marketplace and launching AI tools for deal execution
Targeting 1,000+ counterparties by year-end to unlock faster capital deployment
GTT Strategic Ventures backs MOF specialist for low-cost, scalable carbon capture.
MOFs enable selective CO₂ removal at <€100/ton, with maritime and transport use cases
Investment supports goal of capturing 6M tonnes/year by 2030
Founded in 2017, novoMOF is commercializing tech from Nobel-winning research
Materials ideal for constrained spaces: ships, trucks, and point-source industrial emitters
COO and CFO changes.
President/COO Brian Allen and CFO Akash Patel to exit May 1
Marc Horstman (former Head of Product Development) named COO
CEO Danny Rice adds interim CFO duties
Net Power is commercializing its gas-to-clean-electricity cycle for utility-scale deployment
Milestone cargo signals Mauritania and Senegal’s debut as LNG-exporting nations.
First LNG shipment loaded: ~174,000 cubic meters onto British Sponsor carrier
Second shipment already queued near the terminal
Follows gas production start in late 2024 and LNG output in Feb 2025
FLNG vessel capacity: 2.7 MTPA
New Queensland facility to produce 102M liters of SAF annually using bioethanol.
Technip awarded FEED contract for Jet Zero’s Project Ulysses in Townsville
Targets 102M liters of SAF and 11M liters of renewable diesel by 2028
Uses Technip’s Hummingbird and LanzaJet’s alcohol-to-jet technologies
Project could cut aviation emissions by up to 70% and boost energy security
Largest deal in company history expands drilling footprint across Reeves and Ward Counties.
Acquires 20,000 net acres with strong PDP and multi-bench inventory
$390M acquisition sets stage for $1B investment push in 2025
2024 deployment: $850M in Permian Basin assets
Upsized Citibank-led credit facility from $165M → $300M (max capacity $500M)
USEDC has invested over $3B in 4,000 wells across 13 states and Canada
Strategic 2,300-acre acquisition boosts CO₂ sequestration capacity and helium-rich assets.
Midstream veteran to lead one of North America’s most active CCUS developers.
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