Occidental will buy the partner in the climatic project for $1,1 billion

Moscow. August 16. information agency "Interfaks" - the American Occidental through affiliated structure concluded the final agreement on acquisition for $1,1 billion the Canadian Carbon Engineering Ltd. with which some years work over installation of direct catching of CO2 from atmospheric air (direct air capture, DAC) in State of Texas. It is expected that the transaction will be complete until the end of the year if it is approved by regulators Canada and United States of America, is spoken in Occidental press release. According to contract all sum has to be paid by three annual payments. After closing of the transaction of Carbon Engineering becomes affiliated...