Carbon Engineering (CE) is a Canadian-based climate solutions company, now a wholly-owned subsidiary of Occidental Petroleum (Oxy) under its Oxy Low Carbon Ventures (OLCV) division. CE specializes in Direct Air Capture (DAC) technology, which captures carbon dioxide directly from the atmosphere. Their innovative solutions aim to provide scalable and cost-effective pathways for decarbonizing hard-to-abate industries, producing ultra-low carbon transportation fuels (AIR TO FUELS™), and facilitating large-scale carbon removal. CE's mission is to commercialize and deploy its DAC technology globally to contribute to achieving net-zero emissions targets and mitigating climate change. The acquisition by Occidental in 2023 is set to accelerate the global deployment of CE's technology through Oxy's extensive operational and project development expertise.
Serves as the core R&D and innovation center for Carbon Engineering's Direct Air Capture (DAC) and AIR TO FUELS™ technologies, including pilot plant operations and ongoing technology refinement.
Houses advanced pilot and demonstration plants, an Innovation Centre, and laboratories critical for developing and scaling up DAC technology. Its location in Squamish provides access to renewable hydroelectric power.
Characterized by a strong focus on innovation, scientific rigor, and engineering excellence. It fosters a mission-driven environment dedicated to addressing climate change. Post-acquisition, it integrates into Occidental's broader strategic goals while retaining its specialized R&D culture.
The Squamish facility is highly significant as it is the birthplace of Carbon Engineering's core DAC technology. It has been instrumental in proving the technology's viability and serves as a crucial knowledge base for commercial-scale deployments globally.
Carbon Engineering's technology is designed for global application. Its presence is expanding from its Canadian R&D base through strategic partnerships and technology licensing for DAC projects worldwide. The acquisition by Occidental Petroleum significantly enhances its global deployment capabilities, leveraging Oxy's international operational footprint. Key project developments are underway in the United States (Texas), with active exploration of opportunities and partnerships in Europe, the Middle East, and other regions aiming to establish large-scale carbon removal facilities.
37321 Galbraith Rd
Squamish
British Columbia
Canada
Address: Permian Basin (Specific plant address not publicly listed as an 'office')
To capture atmospheric CO2 for secure geologic sequestration and use in enhanced oil recovery (EOR), demonstrating commercial viability of DAC technology and contributing to carbon management in an energy-intensive region.
Address: 5 Greenway Plaza, Houston, TX 77046, USA (Occidental Headquarters)
Serves as the corporate and strategic hub for Occidental's global operations, including its low carbon ventures and the deployment of Carbon Engineering's DAC technology.
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As of April 2025, Carbon Engineering' leadership includes:
Carbon Engineering has been backed by several prominent investors over the years, including:
The most significant executive event for Carbon Engineering in the last 12 months was its acquisition by Occidental Petroleum, finalized in August 2023. This resulted in leadership transitions, with Carbon Engineering's strategic direction now integrated into Occidental's Low Carbon Ventures division. Daniel Friedmann, former CEO of Carbon Engineering, moved into a Senior Advisor role.
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Prior to its acquisition by Occidental (Oxy), Carbon Engineering likely utilized standard corporate email formats such as [first_initial][last]@carbonengineering.com or [first].[last]@carbonengineering.com. Post-acquisition, employees integrated into Occidental would typically adopt Oxy's email format, which is commonly [first_name].[last_name]@oxy.com. Communications related to Carbon Engineering's technology and projects are now largely managed through Occidental channels.
Historical CE: [first_initial][last]@carbonengineering.com or [first].[last]@carbonengineering.com. Current (Oxy): [first_name].[last_name]@oxy.com
Format
Example (historical CE): jsmith@carbonengineering.com. Example (Oxy related): john.smith@oxy.com
Example
70%
Success rate
Occidental Petroleum News Release • August 29, 2023
Occidental announced the successful completion of its acquisition of Carbon Engineering Ltd. for approximately $1.1 billion. This strategic move aims to accelerate Oxy's leadership in developing and deploying large-scale Direct Air Capture (DAC) projects, leveraging CE's innovative technology and Oxy's expertise in project management and geologic sequestration....more
Reuters • March 7, 2024
1PointFive, an Occidental subsidiary, confirmed that its Stratos Direct Air Capture (DAC) plant in Ector County, Texas, is progressing on schedule and is expected to commence operations by mid-2025. The facility, utilizing Carbon Engineering's proprietary technology, aims to be the world's largest DAC plant upon completion, capturing up to 500,000 tonnes of CO2 per year....more
1PointFive News Release • April 29, 2024
1PointFive (an Oxy subsidiary) and Abu Dhabi National Oil Company (ADNOC) announced a joint venture agreement to begin a preliminary engineering and design study for a Direct Air Capture (DAC) facility in the United Arab Emirates. The facility would utilize Carbon Engineering’s DAC technology and is planned to have a capture capacity of up to 1 million tonnes of CO2 per year....more
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