Occidental has built a 16 MW solar facility near Odessa, Texas to directly power its Goldsmith oil recovery field operation in the Permian Basin. Occidental subsidiary Oxy Low Carbon Ventures (OLCV) has also signed a 12-year power purchase agreement with a solar joint venture between Macquarie's Green Investment Group and Core Solar. The moves, part of Occidental's plan to become carbon neutral, are expected to reduce carbon dioxide emissions by more than 160,000 mt 2021, according to OLCV president Richard Jackson.
Occidental has built a 16 MW solar facility near Odessa, Texas to directly power its Goldsmith oil recovery field operation in the Permian Basin. Occidental subsidiary Oxy Low Carbon Ventures (OLCV) has also signed a 12-year power purchase agreement with a solar joint venture between Macquarie's Green Investment Group and Core Solar. The moves, part of Occidental's plan to become carbon neutral, are expected to reduce carbon dioxide emissions by more than 160,000 mt annually, according to OLCV president Richard Jackson.