Occidental to acquire direct air capture technology company Carbon Engineering for $1.1B

Green Car Congress
By mmillikinAug 17, 2023, 7:01 am203 pts
Occidental announced that a wholly owned subsidiary—1PointFive—has entered into a definitive purchase agreement to acquire all the outstanding equity of Carbon Engineering Ltd. (CE) for total cash consideration of approximately $1.1 billion, to be made in three approximately equivalent annual payments, with…

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