Oxy Low Carbon Ventures
Oxy Low Carbon Ventures is a subsidiary of Occidental Petroleum that develops and deploys carbon capture, utilization, storage, and direct air capture technologies for industrial emitters, leveraging parent-owned Permian Basin infrastructure and partnerships with cement and chemicals customers.
- Company typePrivate
- Founded-
- HeadquartersHouston, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Oxy Low Carbon Ventures does
Oxy Low Carbon Ventures (OLCV) is a wholly-owned subsidiary of Occidental Petroleum Corporation (NYSE: OXY) and the operating vehicle for Oxy's carbon innovation initiatives, headquartered in Houston, Texas. OLCV develops and deploys carbon capture, utilization, and storage (CCUS) and direct air capture (DAC) technologies for hard-to-abate industrial sectors, leveraging parent-owned CO2 sequestration, enhanced oil recovery (EOR), and renewable infrastructure across the Permian Basin. Core technology assets include the 1PointFive development company deploying Carbon Engineering's DAC platform — anchored by the under-construction STRATOS facility, projected to be the world's largest DAC plant — and partnerships with Cemvita Factory for CO2-to-chemicals processes and Carbon Upcycling Technologies for cement-sector applications. Revenue mechanics operate on an enterprise B2B basis, with custom-quoted CCUS services delivered to industrial customers and supported by the 16 MW Goldsmith Solar Plant, which supplies renewable power to EOR operations. Customer concentration sits primarily in cement manufacturing (Ash Grove, TITAN Group), with go-to-market executed through direct strategic partnerships and the April 2025 acquisition of Holocene Climate expanding the technology portfolio.
Oxy Low Carbon Ventures firmographics
Firmographics- Name
- Oxy Low Carbon Ventures
- Legal name
- Oxy Low Carbon Ventures
- Website
- https://oxylowcarbon.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Oxy Low Carbon Ventures is a subsidiary of Occidental Petroleum that develops and deploys carbon capture, utilization, storage, and direct air capture technologies for industrial emitters, leveraging parent-owned Permian Basin infrastructure and partnerships with cement and chemicals customers.
- Ownership category
- akta.pro rank
Oxy Low Carbon Ventures industry classification
Industry- Product category
- Carbon Capture and Storage Services
- NAICS
- Oil and Gas Extraction (211)
- SIC
- Crude Petroleum & Natural Gas (1311), Oil & Gas Field Machinery & Equipment (3533)
- akta.pro primary industry
- Carbon Removal Project Development, Financing & Offtake (Developers, Aggregators, Buyers Clubs) (EUABAFAL)
- akta.pro secondary industries
- Direct Air Capture (DAC) Project Development (EUABABAJ), CO₂ Storage Site Development & Permitting (Characterization, Licensing, Stakeholder Engagement) (EUABAHAF), CO₂ Utilization in Industrial Processes (urea/fertilizers, enhanced oil recovery where applicable, process integration) (EUABAIAI), CO2 Gathering & Compression (for EOR/CCUS feed) (EUALACAJ)
Keywords
Where Oxy Low Carbon Ventures is headquartered
LocationHeadquarters
- HQ city
- Houston
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Oxy Low Carbon Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Technology or R&D, Personnel
Revenue model
- Carbon Capture and Storage Services: Provides carbon capture, utilization and storage services to industrial customers to help them reduce emissions. Revenue derived from storing captured CO2 and providing CCUS infrastructure to third parties.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Oxy Low Carbon Ventures product offering
Product offeringCore offering
Oxy Low Carbon Ventures is the carbon innovation subsidiary of Occidental Petroleum Corporation, developing and deploying carbon capture, utilization and storage (CCUS) and Direct Air Capture (DAC) technologies for industrial customers. Through its 1PointFive development company it is constructing the STRATOS DAC facility in the Permian Basin, the largest of its kind in the world. It also provides CO2 sequestration infrastructure tied to enhanced oil recovery operations and pursues carbon utilization partnerships such as the Cemvita Factory bio-ethylene process.
Product overview
Oxy Low Carbon Ventures operates as part of Occidental Petroleum's carbon innovation initiatives, offering a portfolio of low-carbon technologies and services. The core offerings include Direct Air Capture (DAC) technology deployed through the 1PointFive subsidiary (featuring the STRATOS facility), Carbon Capture Utilization and Storage (CCUS) services, and Enhanced Oil Recovery (EOR) with CO2 sequestration. Supporting infrastructure includes the Goldsmith Solar Plant for renewable-powered operations. Strategic partnerships with technology providers like Carbon Engineering and Cemvita Factory extend capabilities into advanced carbon utilization and sustainable chemical production.
Differentiator
Problem solved
Functional benefit
Products and services
- Carbon Capture, Utilization and Storage (CCUS) Integrated carbon capture service that captures CO2 from industrial emission sources, utilizes it (e.g., for enhanced oil recovery), and permanently sequesters it in underground geological formations. Targeted at large industrial emitters seeking decarbonization.
- Direct Air Capture (DAC) via STRATOS Facility Large-scale Direct Air Capture technology that removes CO2 directly from ambient air using Carbon Engineering's patented process. Developed through 1PointFive with the STRATOS facility in the Permian Basin.
- Enhanced Oil Recovery (EOR) with CO2 Sequestration Oil production service that injects CO2 into mature oil fields to extract additional crude oil while permanently sequestering the CO2 underground. Leverages Oxy's existing large-scale CO2 storage infrastructure.
- Goldsmith Solar Plant A 16 MW photovoltaic solar field with 174,000 panels located in Goldsmith, Texas, powering oil and gas EOR operations and reducing Scope 2 emissions. Texas' first large-scale solar facility dedicated to oil and gas operations.
- CO2-to-Chemicals Partnership (Cemvita Factory) Advanced chemistry service that uses captured CO2 as feedstock for sustainable production of chemicals and polymers, including a bio-ethylene production process using only CO2, water and light.
Quantifiable outcome
- STRATOS DAC facility will be the largest Direct Air Capture facility in the world
- +1 more outcomes
Companies that use Oxy Low Carbon Ventures
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Oxy Low Carbon Ventures technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Oxy Low Carbon Ventures partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Cemvita FactorycoreOxy is partnering with Cemvita Factory to develop advanced chemistry that prevents CO2 emissions by using it as feedstock for sustainable production of chemicals and polymers. The partnership includes development of an alternate bio-ethylene production process using CO2, water and light, greatly reducing manufacturing costs and carbon emissions. A pilot plant is planned.
- 1PointFivecoreOxy formed 1PointFive as a development company to finance and deploy Carbon Engineering's large-scale Direct Air Capture technology. 1PointFive is developing the STRATOS facility in the Permian Basin, which will be the world's largest DAC plant when complete. This is a wholly-formed subsidiary dedicated to DAC deployment.
Scale indicators3 records
Recent moves7 records
Expansion highlights6 records
Oxy Low Carbon Ventures competitors and assessment
Company assessmentBroad incumbents
- Chevron New Energies: Chevron's low-carbon and CCS-focused division developing carbon capture, utilization, and storage projects. Comparable to OLCV as a major integrated oil company's low-carbon venture arm leveraging upstream infrastructure.
- ExxonMobil Low Carbon Solutions: Low-carbon ventures arm of ExxonMobil pursuing CCUS projects (e.g., Baytown, LaBarge, planned Houston-area CCS hub). Structurally analogous to OLCV as an oil-major subsidiary deploying large-scale carbon capture and storage using existing oil and gas infrastructure.
Direct peers
- CarbonCapture Inc. Calgary-based DAC developer building mega-scale Direct Air Capture facilities using proprietary contactor technology. Closely comparable in scope and ambition to OLCV's STRATOS project.
- Climeworks: Swiss-based Direct Air Capture developer operating commercial DAC plants (Mammoth in Iceland) and selling removal credits to corporate buyers. Directly comparable to OLCV/1PointFive as a large-scale DAC project developer pursuing voluntary and compliance carbon markets.
- Global Thermostat: Pioneer in commercial Direct Air Capture technology with operational DAC units. Competes with OLCV in the DAC equipment and project deployment market.
- Heirloom Carbon Technologies: US-based DAC company using limestone-based carbon mineralization to capture CO2 from ambient air. Competes with OLCV/1PointFive for corporate removal offtake contracts and DAC capacity build-out.
Emerging players
- CarbonCure Technologies: Canadian company that injects captured CO2 into fresh concrete to reduce cement's carbon footprint. Comparable to OLCV's cement-focused efforts (e.g., TITAN, Ash Grove engagements) as a carbon utilization player in the cement value chain.
- Carbon Upcycling Technologies: Calgary-based carbon capture and utilization company that received investment from OLCV in its $18M round. Directly comparable as a cement-focused CCU player and as a partner/portfolio company in OLCV's carbon utilization ecosystem.
- Charm Industrial: US-based carbon removal company that converts biomass into bio-oil and sequesters CO2 underground. Competes with OLCV for corporate permanent removal offtake contracts and capital allocation within the voluntary carbon removal market.
Regional players
- Aker Carbon Capture: Norway-based provider of carbon capture plant technology and project delivery, primarily serving European industrial emitters. Comparable as a CCUS technology and project developer but with geographic focus outside OLCV's primary Permian/Texas operating base.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Oxy Low Carbon Ventures social profiles
Digital presenceOxy Low Carbon Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
Oxy Low Carbon Ventures leadership team
Management profileNumber of profiles
Profiles1 record
Oxy Low Carbon Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Oxy Low Carbon Ventures M&A and investment
M&A and investmentM&A1 record
Investments13 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Oxy Low Carbon Ventures
What does Oxy Low Carbon Ventures do?
Oxy Low Carbon Ventures is the carbon innovation subsidiary of Occidental Petroleum Corporation, developing and deploying carbon capture, utilization and storage (CCUS) and Direct Air Capture (DAC) technologies for industrial customers. Through its 1PointFive development company it is constructing the STRATOS DAC facility in the Permian Basin, the largest of its kind in the world. It also provides CO2 sequestration infrastructure tied to enhanced oil recovery operations and pursues carbon utilization partnerships such as the Cemvita Factory bio-ethylene process.
Is Oxy Low Carbon Ventures a public or private company?
Oxy Low Carbon Ventures is a private company. It is classified as corporate owned and is currently operating.
When was Oxy Low Carbon Ventures founded?
Oxy Low Carbon Ventures was founded in -1. It employs 1 to 10 people.
Where is Oxy Low Carbon Ventures based?
Oxy Low Carbon Ventures is headquartered in Houston, United States, in the North America region.
How does Oxy Low Carbon Ventures make money?
One revenue line is on record: carbon Capture and Storage Services.
Who are Oxy Low Carbon Ventures's main competitors?
Broad incumbents on record are Chevron New Energies and ExxonMobil Low Carbon Solutions. Direct peers are CarbonCapture Inc., Climeworks, Global Thermostat and Heirloom Carbon Technologies. Emerging players are CarbonCure Technologies, Carbon Upcycling Technologies and Charm Industrial. Aker Carbon Capture is listed as a regional player.
Does Oxy Low Carbon Ventures have an API?
No public API is recorded for Oxy Low Carbon Ventures.
What industry is Oxy Low Carbon Ventures in?
Oxy Low Carbon Ventures's product category is Carbon Capture and Storage Services. Its primary akta.pro industry code is EUABAFAL, Carbon Removal Project Development, Financing & Offtake (Developers, Aggregators, Buyers Clubs), with a secondary code of EUABABAJ, Direct Air Capture (DAC) Project Development. Its NAICS code is 211 and its SIC code is 1311.