💨 Abstract

Occidental, an oil and gas company, has acquired Holocene, a direct air capture startup, marking its second such purchase in two years. The deal, made through Occidental's low carbon ventures subsidiary, aims to further their research and development in direct air capture technology. Holocene's amino acid-based carbon removal tech was initially backed by a $10 million deal with Google in September.

Courtesy: techcrunch.com

Summarized by Einstein Beta 🤖