Oxy Low Carbon Ventures

Oxy Low Carbon Ventures is a subsidiary of Occidental Petroleum Corporation, based in Houston, Texas. The company focuses on investing in the development of low-carbon fuels and products, as well as carbon sequestration services. Its mission is to support carbon capture projects worldwide, aiming to contribute to the reduction of greenhouse gas emissions and promote sustainability in the energy sector. By targeting innovative technologies and solutions, Oxy Low Carbon Ventures seeks to advance the transition to a lower-carbon economy.

Vicki Hollub

Executive

Robert Zeller

Vice President, Technology

12 past transactions

Holocene Climate Corporation

Acquisition in 2025
Holocene Climate Corporation is a technology company specializing in carbon removal solutions. It develops and deploys innovative systems that extract carbon dioxide from the atmosphere using natural elements like carbon, nitrogen, hydrogen, and oxygen. These systems are designed to be scalable, affordable, and low-temperature, employing organic chemistry principles. The company's mission is to provide practical and effective means to reduce atmospheric CO2 levels, contributing to global climate change mitigation efforts.

Pure Lithium

Series A in 2024
Pure Lithium develops lithium metal battery technology, offering clean, sustainable, and cost-effective rechargeable batteries. Its innovative approach replaces traditional graphite anodes with pure lithium metal, enhancing energy density and battery performance. The company's products provide high discharge current density of Li-ion, significantly longer charging times, lighter weight for easier portability, and customized casings for varied environmental conditions.

Newlight Technologies

Venture Round in 2023
Newlight Technologies, Inc. is a biotechnology company focused on converting greenhouse gases into sustainable plastics through its innovative bioconversion technology. Founded in 2003 and based in Huntington Beach, California, the company utilizes a proprietary carbon capture process to produce AirCarbon, a high-performance thermoplastic derived from air and methane emissions. AirCarbon serves as a renewable alternative to traditional fossil fuel-based plastics, including polypropylene, polyethylene, ABS, polystyrene, and TPU. By leveraging decarbonization technology, Newlight aims to replace oil-based plastics on a global scale, contributing to a reduction in atmospheric carbon while promoting market-driven solutions for a more sustainable future.

Carbon Upcycling

Series A in 2023
Carbon Upcycling is a carbon technology company focused on decarbonizing hard-to-abate industries through its patented technology. This innovation allows for the permanent storage of carbon dioxide in industrial byproducts and minerals, effectively transforming them into high-performance alternative materials for cement and concrete. By doing so, Carbon Upcycling aims to significantly reduce the carbon footprint of industrial processes while diverting materials from landfills, thereby supporting a circular economy. The company has garnered international recognition for its advancements, being awarded the Carbon XPrize’s X-Factor, named NRMCA’s 2023 Innovative Company, and included in Cleantech Group’s Global Cleantech 100 and Foresight 50’s Canada’s Most Investable Cleantech Ventures.

LanzaTech

Post in 2023
Founded in 2005, LanzaTech is a pioneering carbon recycling company that converts industrial waste gases into fuel ethanol and other valuable products. Its innovative bio-catalytic toolkits enable gas fermentation microbes to recycle carbon emissions from sources like steel mills and landfills, reducing reliance on fossil fuels and supporting a circular economy.

Cemvita

Venture Round in 2022
Cemvita employs synthetic biology to develop cost-effective solutions inspired by nature. Its CO2 Utilization platform mimics photosynthesis to produce nutrients, pharmaceuticals, and industrial chemicals, facilitating sustainable energy transition.

Cemvita

Series A in 2021
Cemvita employs synthetic biology to develop cost-effective solutions inspired by nature. Its CO2 Utilization platform mimics photosynthesis to produce nutrients, pharmaceuticals, and industrial chemicals, facilitating sustainable energy transition.

Xpansiv

Venture Round in 2020
Xpansiv develops a global commodity exchange platform facilitating transactions of Environmental, Social, and Governance (ESG)-inclusive commodities. It converts data from each commodity's lifecycle into intelligent commodities and digital assets, enabling market participants to trade, settle, retire, analyze, and report environmental commodities.

Cemvita

Venture Round in 2019
Cemvita employs synthetic biology to develop cost-effective solutions inspired by nature. Its CO2 Utilization platform mimics photosynthesis to produce nutrients, pharmaceuticals, and industrial chemicals, facilitating sustainable energy transition.

Carbon Engineering

Private Equity Round in 2019
Carbon Engineering Ltd. is a clean energy company based in Squamish, Canada, that specializes in the development and commercialization of Direct Air Capture technology. Founded in 2009, the company focuses on capturing carbon dioxide (CO2) directly from the atmosphere, which allows for the management of emissions from a variety of distributed and mobile sources, including vehicles and buildings. Its innovative chemical-based CO2 air capture system integrates processes such as an air contactor and a regeneration cycle, enabling continuous capture and production of pure CO2. Carbon Engineering aims to convert captured CO2 into clean, affordable transportation fuels, addressing the global climate challenge by facilitating the deployment of its technology to help businesses reduce their carbon footprint and achieve net-zero targets.

Carbon Engineering

Series A in 2019
Carbon Engineering Ltd. is a clean energy company based in Squamish, Canada, that specializes in the development and commercialization of Direct Air Capture technology. Founded in 2009, the company focuses on capturing carbon dioxide (CO2) directly from the atmosphere, which allows for the management of emissions from a variety of distributed and mobile sources, including vehicles and buildings. Its innovative chemical-based CO2 air capture system integrates processes such as an air contactor and a regeneration cycle, enabling continuous capture and production of pure CO2. Carbon Engineering aims to convert captured CO2 into clean, affordable transportation fuels, addressing the global climate challenge by facilitating the deployment of its technology to help businesses reduce their carbon footprint and achieve net-zero targets.

NET Power

Funding Round in 2018
NET Power develops and licenses clean energy technologies for natural gas-fired power generation. Its proprietary NET Power Cycle produces electricity with near-zero emissions, enabling affordable and reliable energy solutions globally.
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