Displaying items by tag: Oxy Low Carbon Ventures

Canada: Carbon Upcycling Technologies has secured US$6.15m in financing from a group of companies led by Clean Energy Ventures, Cemex Ventures, Amplify Capital and Oxy Low Carbon Ventures (OLCV). The investment round includes participation from Zero Carbon Partners, Purpose ESG, Clean Energy Venture Group, Fund for Sustainability and Energy, Prithvi Ventures, Bryan Trudel, and Mark and Faye McGregor. Carbon Upcycling intends to use the funding to grow its team and build its second commercial-scale facility in North America, with a production capacity of over 200t/day of its cement and concrete additive. Carbon Upcycling sequesters CO₂ in secondary cementitious materials such as fly ash, which are then used in cement or concrete production.

US: Holcim US’s 1.9Mt/yr Portland cement plant in Colorado has become the latest site to host a large-scale cement plant carbon capture and storage (CCS) study. Holcim US, in partnership withCanada-based Svante, France-based Total and US-based Occidental subsidiary Oxy Low Carbon Ventures, will install a facility designed to capture 0.73Mt/yr of CO2, which Occidental will take for safe storage underground. The study will assess the financial viability and design requirements of such an installation on a permanent basis.