Oxy Low Carbon Ventures LLC

Oxy Low Carbon Ventures LLC (OLCV) is a subsidiary of Occidental Petroleum Corporation, an international energy company with assets primarily in the United States, the Middle East, and North Africa. OLCV is dedicated to advancing cutting-edge, low-carbon technologies and business solutions that enhance Occidental's operations while reducing emissions. The company invests in the development of low-carbon fuels and products, as well as sequestration services to support carbon capture projects globally. OLCV leverages Occidental's 40-year legacy in carbon utilization and storage to build a sustainable business model that transforms human-made CO₂ emissions into valuable products, including lower-carbon oil, fuels, chemicals, and concrete. These efforts are critical in helping lower emissions worldwide, with projects aimed at capturing and removing CO₂ from the atmosphere or industrial sources for product creation or carbon retirement. OLCV offers services such as carbon-neutral oil and fuels, CO₂ sequestration, and carbon management advisory services to assist organizations across industries in achieving their carbon reduction targets. The company's initiatives include partnerships with entities like Cemvita Factory to develop advanced chemistry that uses CO₂ as a feedstock for sustainable production of vital chemicals and polymers, and with TAE Technologies to explore fusion energy for Direct Air Capture facilities. OLCV's strategic vision involves developing carbon capture and sequestration hubs, some of which are expected to be anchored by Direct Air Capture facilities, to support global efforts in reducing greenhouse gas emissions. Through these collaborations and projects, OLCV demonstrates its commitment to leading the way in developing transformational and sustainable business models that can decarbonize various sectors and contribute to a lower-carbon future.