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Occidental Petroleum and Chevron invest in direct air carbon capture and synthetic fuels company Carbon Engineering

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(CE) has received equity investment from two global energy companies: Oxy Low Carbon Ventures, LLC (OLCV), a subsidiary of Occidental Petroleum Corporation; and Chevron Technology Ventures (CTV), the venture capital arm of Chevron Corporation. —Steve Oldham, CEO of CE.

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DOE awarding $72M to 27 projects to develop and advance carbon capture technologies, including direct air capture

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Chevron Natural Gas Carbon Capture Technology Testing Project. Chevron USA. will demonstrate its low-cost ICE-31 solvent with enhanced stability technology on a flue gas slipstream at Los Medanos Energy Center, a commercially dispatched natural gas combined-cycle power plant in Pittsburg, CA. ION Clean Energy Inc.

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Renewable Energy Group acquires drop-in renewable fuels company LS9 for up to $61.5 million

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LS9 has also discovered and engineered a new class of enzymes and their associated genes for the efficient conversion of fatty acids into hydrocarbons. LS9’s technology platform can utilize diverse feedstocks including conventional corn and cane sugars, low-cost crude glycerin from biodiesel production, and cellulosic sugars.

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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Dr. Don Paul is the Executive Director, University of Southern California Energy Institute and a former vice president and chief technology officer of Chevron. Renewable energy projects are frequently financed with project rather than corporate finance. It is not how can we get low cost capital to take more risk.

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