Oxy Low Carbon Ventures

Oxy Low Carbon Ventures (OLCV) is a subsidiary of Occidental Petroleum Corporation, dedicated to advancing low-carbon technologies and business solutions that enhance Occidental's operations while reducing emissions. OLCV invests in the development of low-carbon fuels and products, as well as sequestration services to support carbon capture projects globally. Their portfolio includes projects like the STRATOS direct air capture facility and partnerships with companies such as Cemvita Factory to develop sustainable technologies. OLCV's mission aligns with Occidental's commitment to achieving net-zero emissions by 2040, leveraging decades of CO₂ management expertise to scale solutions that remove or reduce emissions across various sectors. Through strategic investments and collaborations, OLCV aims to lead in the production of low-carbon energy and products, contributing to a sustainable future. OLCV's investment strategy focuses on early to late-stage ventures in sectors such as energy, technology, environmental services, chemicals, and petrochemicals. The firm seeks to invest between $1 million and $50 million in companies that align with its mission to reduce greenhouse gas emissions and promote sustainability. Their geographical focus spans the United States, Middle East, Africa, and Latin America, reflecting Occidental's global presence and commitment to addressing climate change on a worldwide scale. By supporting innovative technologies and business models, OLCV plays a pivotal role in Occidental's broader strategy for sustainability and industrial advancement. Through its investments, OLCV not only aims to achieve Occidental's net-zero goal by 2040 but also strives to create long-term shareholder value by fostering the development and commercialization of transformative technologies. The firm's approach emphasizes collaboration with technology providers and industrial operators to scale solutions that address the hardest-to-abate sectors, thereby contributing to global emissions reduction efforts. OLCV's track record includes significant investments in carbon capture, utilization, and storage (CCUS) projects, as well as partnerships with companies like TAE Technologies to explore fusion energy applications in direct air capture facilities. These initiatives underscore OLCV's commitment to pioneering sustainable technologies and its role in shaping a low-carbon future.

Alignment with low-carbon and sustainability goals, Scalable and innovative technologies, Potential for significant emissions reduction, Strong management teams, Global market applicability