Carbon Engineering
Carbon Engineering is a Squamish-based Direct Air Capture technology developer, founded 2009 and acquired by Occidental Petroleum in 2023, that licenses its liquid-based DAC platform to subsidiary 1PointFive for commercial deployment and CDR credit sales to enterprise net-zero buyers.
- Company typePrivate
- Founded2009
- HeadquartersSquamish, Canada
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Carbon Engineering does
Carbon Engineering is a Direct Air Capture (DAC) technology developer founded in 2009 and headquartered in Squamish, British Columbia, Canada. The company builds proprietary liquid-based DAC systems that capture CO2 from ambient air using modular air contactors, a closed-loop liquid sorbent chemistry, and patented regeneration unit operations including pellet reactors and slakers; the captured CO2 can be concentrated for sequestration or combined with clean hydrogen to produce synthetic low-carbon transportation fuels under the AIR TO FUELS (A2F) brand. Following its 2023 acquisition by Occidental Petroleum for USD 1.1 billion, Carbon Engineering operates as a wholly-owned subsidiary of Oxy Low Carbon Ventures, with its technology deployed commercially by sister subsidiary 1PointFive — most notably through the STRATOS facility in Ector County, Texas, designed for 500,000 tonnes of CO2 removal annually and rated AAApre by BeZero Carbon in September 2025.
Revenue mechanics flow through three streams: licensing of DAC technology to 1PointFive for commercial deployment, sale of verified CDR credits (registered through Verra) by 1PointFive to enterprise buyers including Bain & Company, NYK Line, Microsoft, Amazon, Shopify, and Airbus, and a longer-dated AIR TO FUELS pathway for sustainable aviation fuel and other synthetic transportation fuels. The R&D engine is anchored at the 2021-built Innovation Centre in Squamish, with a new Technology Development Campus in development, and is supported by a granted U.S. patent portfolio spanning Air Contactors, Pellet Reactors, Slakers, AIR TO FUELS, and Regeneration Systems.
Customer concentration risk is moderated by diversification across consulting, shipping, technology, retail, and aerospace buyers but remains exposed to the broader engineered carbon removal market where Microsoft has historically accounted for 80–90% of global purchases and paused new buying in 2026. The combined footprint — ~185 employees, ~185 innovators across engineering and operations, and integration with Occidental's existing geological CO2 storage infrastructure — positions Carbon Engineering less as an independent growth equity bet and more as the technology nucleus of Occidental's emerging low-carbon ventures platform.
Carbon Engineering firmographics
Firmographics- Name
- Carbon Engineering
- Legal name
- Carbon Engineering Ltd.
- Website
- http://carbonengineering.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Carbon Engineering is a Squamish-based Direct Air Capture technology developer, founded 2009 and acquired by Occidental Petroleum in 2023, that licenses its liquid-based DAC platform to subsidiary 1PointFive for commercial deployment and CDR credit sales to enterprise net-zero buyers.
- Ownership category
- akta.pro rank
Carbon Engineering industry classification
Industry- Product category
- Direct Air Capture Technology
- NAICS
- Industrial Gas Manufacturing (32512), Industrial Gas Manufacturing (325120), Petrochemical Manufacturing (32511)
- SIC
- Industrial Inorganic Chemicals (2810), Chemicals & Allied Products (2800)
- akta.pro primary industry
- Direct Air Capture (DAC) Systems & Plants (EUABAFAA)
- akta.pro secondary industry
- Methane Abatement Projects (Landfill Gas, Manure, Coal Mine Methane, O&G Methane) (EUABABAL)
Keywords
Where Carbon Engineering is headquartered
LocationHeadquarters
- HQ city
- Squamish
- HQ country
- Canada
- HQ region
- North America
Offices3 records
Markets served
Carbon Engineering business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Infrastructure, Personnel, Operations, Supply Chain, Marketing or Sales
Revenue model
- Carbon Dioxide Removal (CDR) Credits: 1PointFive sells CDR credits to corporations to help them achieve net-zero goals. Credits are produced from commercial DAC facilities like STRATOS and verified by third parties like Verra.
- Technology Licensing: Carbon Engineering licenses its DAC technology to 1PointFive and potentially other partners for commercial deployment at scale.
- Sustainable Aviation Fuel / Low-Carbon Fuels: Atmospheric CO2 captured using DAC technology can be combined with clean hydrogen to produce synthetic transportation fuels including sustainable aviation fuel.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
Carbon Engineering product offering
Product offeringCore offering
Carbon Engineering develops and owns proprietary liquid-based Direct Air Capture (DAC) technology that pulls carbon dioxide directly from ambient air using an industrial-scale Air Contactor, liquid sorbent, and closed-loop regeneration chemistry. Captured CO2 is concentrated and purified into a near-pure CO2 stream for either geological sequestration or conversion into synthetic low-carbon transportation fuels (gasoline, diesel, jet fuel) through its AIR TO FUELS pathway. Commercial-scale deployment and CDR credit sales are executed through its subsidiary 1PointFive, anchored by the STRATOS facility in Texas designed to capture up to 500,000 tonnes of CO2 annually.
Product overview
Carbon Engineering is a Direct Air Capture technology company offering a portfolio of climate solutions centered on its proprietary liquid-based DAC technology. The core product is the DAC system itself, which captures CO2 directly from ambient air using modular contactor units and closed-loop chemistry. The technology is complemented by the AIR TO FUELS pathway for converting captured CO2 into synthetic low-carbon fuels. Commercial deployment is handled through subsidiary 1PointFive, which operates the STRATOS facility (the world's largest DAC plant) and sells CDR credits to corporate buyers. Carbon Engineering retains R&D operations at its Innovation Centre in Squamish, B.C., focused on continuous technology improvement and cost reduction.
Differentiator
Problem solved
Functional benefit
Brands
- AIR TO FUELS™: Carbon Engineering's brand for low-carbon fuels produced from atmospheric CO2 captured using their DAC technology, including synthetic transportation fuels like Sustainable Aviation Fuel.
Products and services
- Direct Air Capture (DAC) Technology Carbon Engineering's proprietary liquid-based Direct Air Capture (DAC) technology that captures CO2 directly from ambient air using a closed-loop chemical process. The system uses modular air contactor units where air meets a liquid sorbent on a PVC structure to capture atmospheric CO2, which is then concentrated and purified through pellet reactor and regeneration systems into a near-pure CO2 stream suitable for sequestration or fuel synthesis. The technology is licensed to subsidiary 1PointFive for commercial deployment at industrial scale.
- AIR TO FUELS (A2F) A technology pathway that converts atmospheric CO2 captured by Carbon Engineering's DAC system into synthetic low-carbon transportation fuels, including gasoline, diesel, and jet fuel (sustainable aviation fuel), when combined with clean hydrogen. Carbon Engineering first produced low-carbon fuels in 2017 using this process. The offering is positioned to supply sustainable aviation fuel producers and hard-to-abate transport sectors.
- STRATOS DAC Facility (Commercial Deployment) The first commercial-scale Direct Air Capture facility deployed by subsidiary 1PointFive using Carbon Engineering's proprietary technology, located in Ector County, Texas. Designed to capture up to 500,000 tonnes of CO2 per year, STRATOS represents the industrial-scale deployment of CE's liquid-based DAC system and produces the CDR credits sold by 1PointFive to enterprise customers.
- Carbon Dioxide Removal (CDR) Credits Verified, durable carbon removal credits produced from Carbon Engineering's DAC facilities and sold by subsidiary 1PointFive. Credits are certified through independent verification registries such as Verra and rated by carbon ratings agencies like BeZero Carbon (STRATOS rated AAApre). Sold via multi-year offtake agreements to enterprise buyers including corporations with net-zero commitments, airlines, and shipping companies (e.g., Bain & Company, NYK Line).
Quantifiable outcome
- STRATOS designed to capture 500,000 tonnes of CO2 annually
- +2 more outcomes
Companies that use Carbon Engineering
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Carbon Engineering technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
Carbon Engineering partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- 1PointFivecore1PointFive is a wholly owned subsidiary of Occidental deploying Carbon Engineering's DAC technology at commercial scale. STRATOS is the first commercial facility using CE's technology, designed to capture 500,000 tonnes of CO2 annually.
- Verracore1PointFive is working with Verra as the registry selected to deliver the resulting CDR credits from STRATOS facility.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
Carbon Engineering competitors and assessment
Company assessmentDirect peers
- Climeworks: Swiss-based Direct Air Capture company developing solid-sorbent DAC plants (Orca, Mammoth) and selling CDR credits to corporate buyers. The most direct head-to-head competitor to Carbon Engineering in commercial-scale DAC, though using a different (solid sorbent) capture chemistry.
- Heirloom Carbon Technologies: US-based DAC company using limestone-based looping capture technology. Competes directly with CE for durable CDR credit offtake from corporate buyers like Microsoft and for DOE-funded commercial-scale plant deployment.
- Global Thermostat: Earlier-stage DAC company with solid sorbent technology pursuing commercial deployment of DAC facilities. Operates in the same engineered CDR credit market as Carbon Engineering.
Emerging players
- CarbonCapture Inc. US-based DAC company developing modular DAC systems targeting commercial-scale deployment. Competes in the same engineered carbon removal space with a different technical approach.
- Avnos: Hybrid Direct Air Capture and water generation company. An emerging player in the engineered CDR space with partial overlap to CE's DAC platform and customer base.
- Charm Industrial: Biomass-based carbon removal company converting waste biomass into bio-oil for underground sequestration. Competes for the same corporate durable CDR credit demand pool (e.g., Microsoft, Stripe) using an alternative technology pathway.
- CarbonOrO: Point-source post-combustion CO2 capture technology developer focused on industrial emitters. Adjacent competitor in the broader CCUS value chain that overlaps with CE's capture expertise and ultimate CO2 offtake markets.
- BURN Manufacturing: Kenya-based clean cookstove and biochar producer; biochar pathway competes with CE for durable CDR credit demand and is one of the lower-cost engineered/nature-based alternatives in the carbon removal portfolio buyers evaluate.
Others
- 1PointFive: Wholly-owned Occidental subsidiary that deploys Carbon Engineering's DAC technology at commercial scale (STRATOS) and sells CDR credits. Not an arms-length peer — included as a closely-related deployment and revenue channel for CE.
Broad incumbents
- Occidental Petroleum: Parent company of Carbon Engineering and 1PointFive, with extensive carbon management, CO2-EOR, and geological storage operations. A broad incumbent that owns and integrates CE into its low-carbon ventures strategy.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Carbon Engineering social profiles
Digital presenceCarbon Engineering compliance and trust
Trust signalCompliance1 record
Carbon Engineering financial estimates
Financial estimateRevenue estimate
Valuation estimate
Carbon Engineering leadership team
Management profileNumber of profiles
Profiles10 records
Carbon Engineering subsidiaries and ownership
Company hierarchySubsidiaries1 record
Carbon Engineering funding detail
Funding detailFunding overview
Funding rounds11 records
Investors14 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Carbon Engineering M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Carbon Engineering
What does Carbon Engineering do?
Carbon Engineering develops and owns proprietary liquid-based Direct Air Capture (DAC) technology that pulls carbon dioxide directly from ambient air using an industrial-scale Air Contactor, liquid sorbent, and closed-loop regeneration chemistry. Captured CO2 is concentrated and purified into a near-pure CO2 stream for either geological sequestration or conversion into synthetic low-carbon transportation fuels (gasoline, diesel, jet fuel) through its AIR TO FUELS pathway. Commercial-scale deployment and CDR credit sales are executed through its subsidiary 1PointFive, anchored by the STRATOS facility in Texas designed to capture up to 500,000 tonnes of CO2 annually.
Is Carbon Engineering a public or private company?
Carbon Engineering is a private company. It is classified as corporate owned and is currently operating.
When was Carbon Engineering founded?
Carbon Engineering was founded in 2009. It employs 101 to 250 people.
Where is Carbon Engineering based?
Carbon Engineering is headquartered in Squamish, Canada, in the North America region.
How does Carbon Engineering make money?
Three revenue lines are on record. Carbon Dioxide Removal (CDR) Credits are the primary driver. The others are technology Licensing and sustainable Aviation Fuel / Low-Carbon Fuels.
Who are Carbon Engineering's main competitors?
Direct peers on record are Climeworks, Heirloom Carbon Technologies and Global Thermostat. Emerging players are CarbonCapture Inc., Avnos, Charm Industrial, CarbonOrO and BURN Manufacturing. 1PointFive is listed as an others. Occidental Petroleum is listed as a broad incumbent.
Does Carbon Engineering have an API?
No public API is recorded for Carbon Engineering.
What industry is Carbon Engineering in?
Carbon Engineering's product category is Direct Air Capture Technology. Its primary akta.pro industry code is EUABAFAA, Direct Air Capture (DAC) Systems & Plants, with a secondary code of EUABABAL, Methane Abatement Projects (Landfill Gas, Manure, Coal Mine Methane, O&G Methane). Its NAICS code is 32512 and its SIC code is 2810.