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Carbon removal startup Holocene bought by oil and gas giant Occidental


The deal was executed through Oxy Low Carbon Ventures for an undisclosed amount.

The deal was executed through Oxy Low Carbon Ventures, a subsidiary of the oil and gas company, for an undisclosed amount. An Occidental spokesperson told HeatMap that the company will be using Holocene’s technology to further it’s direct air capture research and development. De Chant is also a lecturer in MIT’s Graduate Program in Science Writing, and he was awarded a Knight Science Journalism Fellowship at MIT in 2018, during which time he studied climate technologies and explored new business models for journalism.

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