Occidental to utilise carbon dioxide in bioethylene plant
US oil and gas firm to expand partnership with Cemvita Factory to commercialise process
Houston-based oil and gas independent Occidental Petroleum is to help fund and construct a pilot plant to manufacture bioethylene using captured CO2. Oxy Low Carbon Ventures (OLCV), a subsidiary of Occidental, and bioengineering startup Cemvita Factory are to scale up a laboratory process that transforms an organic compound, water, CO2 and light into bioethylene. Ethylene is usually produced from a range of hydrocarbon feedstocks. “Process is cost-competitive with other methods” Karimi, Cemvita Factory The plant will produce 12t/yr of bioethylene after starting up in 2022. The firms hope to expand their use of the technology to remove 1bn t of CO2 from the carbon cycle cumulatively b
Also in this section
28 March 2024
US company aims to accelerate deployment of new technologies offered by Norwegian pureplay CCS firm
26 March 2024
Country has Europe’s largest CO₂ storage potential but regulatory and policy issues must be resolved to enable growth, says Offshore Energies UK
26 March 2024
Largest investment to date will support emission reduction projects across multiple sectors including refining, steel and cement
19 March 2024
Commodity trading companies are set for a key role in shaping green supply chains and providing carbon market liquidity