Biotechnology startup Cemvita Factory is on a mission to create a sustainable future by transforming carbon dioxide (CO2) into value-added products.
The Houston-based firm announced last week that it had received an equity investment from Oxy Low Carbon Ventures, a subsidiary of Occidential, to support the commercialisation of new bioengineered pathways that use CO2 for the sustainable production of chemicals and polymers.
Cemvita Factory’s technology includes a CO2 utilisation platform that mimics photosynthesis and other natural processes to produce industrial chemicals and polymers for energy sustainability.
“One of OLCV’s strategic priorities is to develop and commercialise CO2 utilisation technologies that complement Occidental’s core businesses and product lines, with the goal of helping Occidental find value in new markets and attain its aspiration of becoming carbon neutral,” OLCV President Richard Jackson said.
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