Carbon Engineering — DAC technology developer (powering 1PointFive's STRATOS facility); patents and Squamish, BC innovation center
Occidental acquired DAC technology innovator Carbon Engineering for ~$1.1B in 3 annual cash payments. Vertically integrates DAC technology under 1PointFive subsidiary. Carbon Engineering's technology powers STRATOS DAC facility (500K tpa) in Texas. Largest DAC technology M&A.
$1.10B
Deal Value
Carbon Capture & DAC
Technology
International
Location
Deal Details
- Deal Type
- Corporate M&A
- Seller / Sponsor
- Carbon Engineering Ltd.
- Buyer / Financier
- Occidental (via 1PointFive subsidiary)
- Deal Value
- ~$1.1B (3 annual cash payments)
- Stage
- Development
- ISO/RTO
- Multiple
- Source
- Occidental
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