Oxy Low Carbon Ventures is the investment arm of Occidental Petroleum focused on advancing technologies that lower greenhouse gas emissions. Founded to support Occidental’s net-zero goal by 2040, the group develops and finances projects in carbon capture, utilization and storage. Leveraging decades of CO₂ management expertise, it partners with technology providers and industrial operators to scale solutions that remove or reduce emissions across sectors. Headquartered in Houston, Texas, the team works globally to create operational and environmental value while supporting long-term climate goals.
The firm’s investment portfolio centers on direct air capture and CCUS infrastructure. It is building the STRATOS facility in the Permian Basin through its 1PointFive subsidiary, deploying technology from Carbon Engineering to capture one million tons of CO₂ annually. In the utilization space, partnerships include a program with Cemvita Factory to produce bio-ethylene from CO₂, water and light, and backing for Carbon Upcycling Technologies, which embeds CO₂ into cement and concrete additives. To support sequestration, the venture arm funds hubs for safe CO₂ transport and permanent underground storage, and it integrates renewable power, such as the 16 MW Goldsmith solar plant, to reduce indirect emissions.
Beyond carbon management, Oxy Low Carbon Ventures invests in power and fuel innovations. Collaborations with TAE Technologies and NET Power explore emission-free energy sources to drive capture operations. The firm also led a Series A investment in Pure Lithium, advancing lithium metal battery anode technology that bypasses cobalt, nickel and graphite. With a focus on the U.S., Middle East and North Africa, the team balances direct project development with venture funding to accelerate commercially viable solutions in both clean technology and next-generation battery materials.
