Announced
Completed
Synopsis
Occidental, an international energy company, and BlackRock, a global investment management corporation, formed a joint venture to develop STRATOS, the world’s largest direct air capture plant. BlackRock will invest $550m on behalf of clients in the development of STRATOS. “We are excited to partner with BlackRock on this transformative facility that will provide a solution to help the world reach net zero. This joint venture demonstrates that Direct Air Capture is becoming an investable technology and BlackRock’s commitment in STRATOS underscores its importance and potential for the world. We believe that BlackRock’s expertise across global markets and industries makes them the ideal partner to help further industrial-scale Direct Air Capture,” Vicki Hollub, Occidental President and CEO.
Show Details & Financials
Did you work on this deal?
Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.
Sort
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.