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đź“ť Occidental acquires Holocene
Liam Gill
April 22, 2025
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News of the Day
Occidental has acquired carbon removal startup Holocene, marking its second direct air capture (DAC) acquisition in two years as it doubles down on turning carbon into a business. The oil giant, via its Oxy Low Carbon Ventures arm, bought Holocene—best known for a $10M deal with Google to remove 100,000 tons of CO₂ by the 2030s using amino acid tech priced at just $100/ton, far below today’s ~$600/ton cost. Occidental, which also bought Carbon Engineering for $1.1B in 2023, plans to use Holocene’s technology to expand its DAC R&D—likely feeding into enhanced oil recovery, a process that injects CO₂ underground to extract more oil. The move also taps into lucrative tax credits from the Inflation Reduction Act, especially when zero-emission power and CO₂ reuse are involved.
Every time I watch a founder run their Series A like a real auction, I’m reminded what control looks like.
The mechanics aren’t rocket science. Some notes:
1. Build a long list—40+ funds—before the first meeting
2. Time first‑meetings inside a 2 week window
3. Share the deck,— Aaron Harris (@harris)
2:55 PM • Apr 21, 2025
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Chart of the Day
The Supply Chain Crisis Is Escalating — But This Tech Startup Keeps Winning
Global supply chain chaos is intensifying. Major retailers warn of holiday shortages, and tech giants are slashing forecasts as parts dry up.
But while others scramble, one smart home innovator is thriving.
Their strategic move to manufacturing outside China has kept production running smoothly — driving 200% year-over-year growth, even as the industry stalls.
This foresight is no accident. The same leadership team that saw the supply chain storm coming has already expanded into over 120 BestBuy locations, with talks underway to add Walmart and Home Depot.
At just $1.90 per share, this resilient tech startup offers rare stability in uncertain times. As investors flee vulnerable companies, this window is closing fast.
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Onwards and Upwards,
