# Oxy Low Carbon Ventures

Oxy Low Carbon Ventures is a Venture Capital based in Houston, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Houston, United States
- **Region:** North America
- **Address:** Houston, TX, United States
- **Assets under management:** Undisclosed
- **Website:** oxylowcarbon.com
- **LinkedIn:** https://www.linkedin.com/company/oxy

## Regulatory record

- **Reports private funds:** No

## About

We are a best-in-class, low-cost operator with assets in the United States, Middle East, Africa and Latin America, applying technology to drive operational excellence and leveraging our global leadership in carbon management to advance our business.

## Sectors

- Carbon Capture
- Energy Transition & Renewables
- ClimateTech
- Industrial Tech

## Offices

- San Ramon, CA, United States

## Questions

### Is Oxy Low Carbon Ventures a venture capital fund?

No, it operates as a corporate venture and project-development arm. The unit deploys capital from Occidental’s balance sheet rather than from external limited partners. Its work ranges from wholly-owned project finance (STRATOS) to direct technology partnerships. It does not raise third-party funds or report a dedicated fund-level AUM.

### What is the STRATOS Direct Air Capture project?

STRATOS is a large-scale Direct Air Capture facility under construction in the Permian Basin. Oxy created the development company 1PointFive to finance and deploy Carbon Engineering’s DAC technology for the project. When completed, Oxy says STRATOS will be the largest DAC facility in the world. The captured CO₂ is intended for use in Oxy’s enhanced oil recovery operations and for storage.

### Which sectors does Oxy Low Carbon Ventures focus on?

The portfolio concentrates on physical carbon capture, utilization, and storage (CCUS), direct air capture, CO₂-to-chemicals conversion, and operational decarbonization technologies such as solar power for oil and gas operations. Cemvita Factory, its CO₂-to-bio-ethylene partnership, sits at the intersection of industrial biotechnology and carbon utilization.

### How does Oxy Low Carbon Ventures relate to Occidental Petroleum’s broader operations?

Oxy Low Carbon Ventures is wholly internal to Occidental, using the parent’s balance sheet for investment. Its projects are designed to reduce Occidental’s own Scope 1 and Scope 2 emissions and to build a commercial business around CO₂ management. The Goldsmith Solar Plant, for example, directly powers Occidental’s Permian Basin enhanced oil recovery operations with solar energy rather than grid power.

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Last updated: 2026-06-03T20:00:00.000Z

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