About Carbon Engineering
Carbon Engineering Ltd. is a Canadian-based clean energy company focused on the commercialization of direct air capture (DAC) technology that captures CO₂ directly from the atmosphere. It also develops a second technology that synthesizes captured CO₂ into clean, affordable transportation fuels. Acquired by Occidental Petroleum in 2023, it now operates as a subsidiary under Oxy Low Carbon Ventures.
Company details
Funding
Total raised
$110M
Last stage
Series B
Investors
Founders
David Keith
Climate scientist and professor (University of Chicago). Founded Carbon Engineering in 2009. Pioneer in direct air capture technology. Former professor at Harvard University. Named one of TIME magazine's Heroes of the Environment in 2009.
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