Occidental Acquires a Direct Air Capture Tech Firm

18 Aug 2023 CW Team

An oil business with a U.S. base called Occidental has announced the acquisition of Carbon Engineering, a firm that specializes in direct air capture (DAC) technology, for about $1.1 billion.

A wholly owned subsidiary of Occidental called Oxy Low Carbon Ventures will buy all of Carbon Engineering's outstanding equity in accordance with the terms of the binding acquisition agreement.

Three equal annual payments will be made to complete the purchase, with the first payment being made upon closing.

Subject to usual closing requirements, such as regulatory approvals and Canadian judicial reviews, the transaction's completion is anticipated to occur by the end of 2023.

Since 2019, Occidental and Carbon Engineering have been working together with a focus on adopting the DAC technology.

According to the business, this acquisition supports Occidental's net-zero ambition and will enable it to use Carbon Engineering's expertise to promote DA technology advancements and hasten the adoption of the technology as a globally scalable and affordable carbon removal solution.

For efficient carbon capture, Carbon Engineering provides established procedures and tested industrial machinery.

Infrastructure Energy

05 Jun 2026

India Adds Record 44.61 GW Solar Capacity in FY2026

India’s solar sector reached a milestone in FY2026, with cumulative installed capacity crossing 150 GW and annual additions hitting a record 44.61 GW, exceeding the government target of 34 GW and nearly doubling FY2025’s 23.83 GW. Distributed Renewable Energy contributed 16.3 GW, while PPA and C&I segments accounted for 34 per cent and 30 per cent, respectively.India has risen from 9th globally in 2015 to 3rd in cumulative solar capacity by 2025 and is set to become the world’s second-largest solar market in annual installations in 2026. Seven states, led by Rajasthan and Gujarat, ac..

Abhee Ventures unveils Scottish-themed 45-acre township in Bengaluru

Abhee Ventures, a leading South Indian real estate developer, has announced “Codename New Dimension,” a 45-acre Scottish-themed residential township at Gunjur on Whitefield–Sarjapur Road, Bengaluru. Strategically located between Whitefield and Sarjapur Road, Gunjur benefits from strong connectivity to the Outer Ring Road IT corridor, ITPL, EPIP, the upcoming Dommasandra Metro Station, and the proposed SWIFT City and Peripheral Ring Road.The township, designed in collaboration with London-based UHA London and India’s RSP Architects, offers low-density living with 85 per cent open spaces..

Hindalco unveils Eternia experience centre for high-performance aluminium windows

Hindalco Industries, the metals flagship of the Aditya Birla Group, has launched its Eternia experience centre in Lajpat Nagar, New Delhi, highlighting its high-performance aluminium window systems designed for India’s evolving construction sector. The company is also expanding its manufacturing footprint in North India with a new Bilaspur facility.Eternia has emerged as one of the fastest-growing brands in system aluminium windows, registering nearly 65 per cent CAGR over the last three years. With a nationwide network of 170+ channel partners across 100+ cities, the brand serves homeowners..