Direct Air Capture Coalition reposted this
“Why would Occidental acquire Holocene if they didn’t see a future in the sector as a whole? If they didn’t think there was money to be made?” Jason Hochman of Direct Air Capture Coalition tells Emily Pontecorvo. Buzzy startup Holocene has become the second direct air capture company acquired by Occidental Petroleum Corporation in less than two years. "Occidental previously acquired Carbon Engineering, a pioneer in direct air capture technology, for $1.1 billion in August 2023, after working closely with the Canadian company to build its first major project in the United States," writes Emily. Here's what this means for direct air capture — both the technology itself, and the market for it ⬇️ #directaircapture #climate #climatetech https://lnkd.in/eVuAKG8p