Carbon Engineering is a Canadian-based clean energy company focusing on the commercialization of direct air capture technology that captures carbon dioxide directly from the atmosphere.
Last month Occidental Petroleum Corp, a conglomerate backed by Warren Buffett, agreed to buy the Canadian startup for $1.1 billion as the oil producer expands its position as a leader in removing carbon dioxide from the atmosphere.
In addition, The Abu Dhabi National Oil Company (ADNOC) reported a major contract for a carbon capture project with an estimated value of over $500 million at its existing Habshan gas plant in Abu Dhabi, the company’s first-of-its-kind project to capture carbon from its oil and gas operations.
In Israel, there are some incredible Carbon capturing technologies that do it in various innovative ways such as going deep into the sea or high to the sky, by capturing carbon with flying balloons.
Artofin closely follows those developments that are good for business and for the future of our plant.