Oxy unveils details of delayed carbon capture project during West Texas ceremony
"It's an ambitious challenge," Oxy CEO Vicki Hollub said during the ceremony,"but one that is well suited to our skills and enables us to make a difference in reducing emissions."
“In fact, Oxy is the largest handler of CO2 in the world,” said Richard Jackson, Oxy’s president of U.S. onshore resources and carbon management. Oxy aims to forge a new path in carbon management, providing the service of capturing and storing carbon dioxide from industrial emissions or directly from the atmosphere and pumping it underground into geological formations.
during the process of making cleaner-burning hydrogen from natural gas would need to be captured to qualify a facility for federalAmong big oil companies, Oxy has taken one of the more aggressive approaches to the energy transition, heading down a path that would reposition it as a carbon management company even as it continues to produce oil.
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