Benzinga | Apr 6, 2021 06:11AM EDT

Oxy Low Carbon Ventures And Cemvita Factory To Construct Bio-Ethylene Pilot Plant

Oxy Low Carbon Ventures (OLCV), a subsidiary of Occidental (NYSE:OXY), and bio-engineering startup Cemvita Factory today announced a plan to construct and operate a one metric ton per month bio-ethylene pilot plant, applying a jointly developed technology using human-made carbon dioxide (CO2) instead of hydrocarbon-sourced feedstocks.