Cemvita Factory and Oxy Low Carbon Ventures, LLC (OLCV), a subsidiary of Occidental, announced that they have reached an investment agreement. OLCV’s investment will advance the development of new bio-engineered pathways that use CO2 as feedstock for sustainable production of intermediate chemicals and polymers.
Cemvita Factory is a Houston-based biotechnology startup focused on creating economical solutions for a sustainable future. The company’s technology includes a CO2 utilization platform that mimics photosynthesis and other natural processes to produce industrial chemicals and polymers for energy sustainability.
Cemvita Factory’s bio-manufacturing platform mitigates emissions resulting from traditionally energy-intensive chemical and catalytic conversion processes by operating under ambient temperature and pressure. This same technology is able to turn polymer production into a low carbon activity by utilizing CO2 as a feedstock, a crucial step in building a circular carbon economy. Cemvita Factory is currently working with a number of clients in the energy industry to help them use CO2 as a resource to lower their carbon footprint.