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Cemvita Factory has received equity investment from Oxy Low Carbon Ventures, a subsidary of Occidential, to support the commercialization of new bio-engineered pathways that use CO2 for the sustainable production of chemicals and polymers.
"One of OLCV’s strategic priorities is to develop and commercialize CO2 utilization technologies that complement Occidental’s core businesses and product lines, with the goal of helping Occidental find value in new markets and attain its aspiration of becoming carbon neutral,” OLCV President Richard Jackson said. "Cemvita Factory’s CO2 utilization platform has the potential to harness the power of nature and create new, sustainable pathways for the bio-manufacturing of our products.”
Read the official press release here.