- Occidental Petroleum (NYSE:OXY) says its Oxy Low Carbon Ventures subsidiary plans to build and operate a bio-ethylene pilot plant applying technology using human-made carbon dioxide instead of hydrocarbon-sourced feedstocks.
- Bio-ethylene currently is produced from bio-ethanol, which is made from sugarcane; the new technology produces bio-ethylene from carbon dioxide, water and light.
- The pilot plant, to be jointly developed with bio-engineering startup Cemvita Factory, is expected to begin operations in 2022.
- "This technology could provide an opportunity to offer a new, non-hydrocarbon-sourced ethylene product to the market, reducing carbon emissions, and in the future benefit our affiliate, OxyChem, which is a large producer and consumer of ethylene in its chlorovinyls business," says Oxy Low carbon Ventures VP of technology Dr. Robert Zeller.
- Oxy Low Carbon Ventures recently s truck a deal with NextDecade for the offtake and permanent geologic storage of carbon dioxide captured from the planned Rio Grande LNG project in south Texas.
Occidental plans pilot plant to turn CO2 into material for plastics
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