Carbon Innovation
Together we can take on greenhouse gas emissions
True progress in the fight against climate change means cooperation. That’s why Oxy offers powerful, practical solutions other industries can use to decarbonize—including developing net-zero oil and fuels, geologic CO2 storage and carbon management advisory services.
Carbon Innovation Overview
Carbon Management Leadership
Our Oxy Low Carbon Ventures (OLCV) subsidiary is leading the way in transformational and sustainable business models that use human-made CO2 emissions in new ways. These innovations include net-zero oil and fuels, net-zero chemicals and net-zero concrete. All made possible by utilizing our vast existing CO2 infrastructure and 40+ year legacy of carbon management leadership.
Building on this industry-leading expertise, OLCV is creating new options for numerous industries to reduce emissions on a global scale. We are developing projects to capture and remove CO2 emissions from both the atmosphere and industrial sources that can then be used to create products or retire carbon permanently.
Projects
Progress Through Multiple Core Initiatives
Initiative Overview
Initiative Overview
The scientific community agrees there will be no silver bullet to effectively zero in on climate change targets. Success will demand a range of commercial-scale solutions working in tandem. That’s why we’re developing multiple carbon management solutions today that we expect to commercialize and deploy at scale.
CCUS Project Development
CCUS Project Development
Carbon Capture, Utilization and Storage initiatives are helping us tackle the problem of atmospheric carbon head-on. We’re commercializing exciting, first-of-their-kind technologies and projects that are accelerating emissions reduction around the world. These efforts include:
- Expanding CO2 capture facilities for global-scale potential
- Maximizing geologic CO2 storage capacity utilizing existing infrastructure
- Exploring new capture and use technologies such as Direct Air Capture (DAC), mineralization and biosynthesis processes
- Utilizing CO2 to create products such as net-zero and low-carbon oil, ethylene and PolyVinyl Chloride
- Providing CCUS technical advisory services to other organizations
Reducing Direct Emissions
Reducing Direct Emissions
Accomplishing big-picture change starts at home. So Oxy is implementing a number of projects at its facilities around the world to enhance our business by reducing Scope 1 emissions—direct greenhouse gas emissions resulting from sources we own or control. These include:
- Implementing technology to find, fix and measure emissions for a lower-emitting operational system
- Creating operational efficiencies that reduce power requirements
- Reducing methane and CO2 emissions by flare reduction and equipment upgrades
- Implementing greenhouse gas monitoring systems
Energy Efficiency and Zero-Emission Power
Energy Efficiency and Zero-Emission Power
The most efficient way to optimize energy or eliminate emissions is to prevent energy demand in the first place. To that end, Oxy is also taking numerous steps to improve energy efficiency and create operational power that minimizes our environmental footprint.
- Applying advanced technology that reduces operational energy consumption
- Making investments in renewable energy such as solar and wind power
- Putting those renewable resources to work in everyday field applications
- Partnering with NET Power and scaling implementation of this reliable, zero-emission energy technology
Initiative Overview
The scientific community agrees there will be no silver bullet to effectively zero in on climate change targets. Success will demand a range of commercial-scale solutions working in tandem. That’s why we’re developing multiple carbon management solutions today that we expect to commercialize and deploy at scale.
CCUS Project Development
Carbon Capture, Utilization and Storage initiatives are helping us tackle the problem of atmospheric carbon head-on. We’re commercializing exciting, first-of-their-kind technologies and projects that are accelerating emissions reduction around the world. These efforts include:
- Expanding CO2 capture facilities for global-scale potential
- Maximizing geologic CO2 storage capacity utilizing existing infrastructure
- Exploring new capture and use technologies such as Direct Air Capture (DAC), mineralization and biosynthesis processes
- Utilizing CO2 to create products such as net-zero and low-carbon oil, ethylene and PolyVinyl Chloride
- Providing CCUS technical advisory services to other organizations
Reducing Direct Emissions
Accomplishing big-picture change starts at home. So Oxy is implementing a number of projects at its facilities around the world to enhance our business by reducing Scope 1 emissions—direct greenhouse gas emissions resulting from sources we own or control. These include:
- Implementing technology to find, fix and measure emissions for a lower-emitting operational system
- Creating operational efficiencies that reduce power requirements
- Reducing methane and CO2 emissions by flare reduction and equipment upgrades
- Implementing greenhouse gas monitoring systems
Energy Efficiency and Zero-Emission Power
The most efficient way to optimize energy or eliminate emissions is to prevent energy demand in the first place. To that end, Oxy is also taking numerous steps to improve energy efficiency and create operational power that minimizes our environmental footprint.
- Applying advanced technology that reduces operational energy consumption
- Making investments in renewable energy such as solar and wind power
- Putting those renewable resources to work in everyday field applications
- Partnering with NET Power and scaling implementation of this reliable, zero-emission energy technology
Project Spotlight
1PointFive: Taking Direct Air Capture from Possible to Practical
Through a development license with Carbon Engineering, Oxy’s 1PointFive is advancing large-scale Direct Air Capture. Its first facility, STRATOS, is under construction in the Permian basin. STRATOS is designed to extract 500,000 metric tons of atmospheric CO2 annually—laying the foundation for commercial-scale DAC deployment.
Consulting & Geologic Storage Services
Scale is key to effective carbon management. So Oxy’s Technical Advisory Services group helps accelerate CCUS adoption worldwide by sharing the team’s knowledge and expertise. Services range from consulting on project feasibility and financial models to engineering and full-scale project development of both carbon capture plants and sequestration wells.
