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Oil majors lead the way to feasible carbon capture tech

Commercializing carbon capture technology has become a focus for oil majors such as Chevron, ExxonMobil and Occidental Petroleum, which bet on carbon capture to reduce their environmental footprints and boost oil production in a process known as enhanced oil recovery. Occidental has partnered with Carbon Engineering to deploy industrial fans to the Permian Basin, while Exxon is working with FuelCell Energy as part of its efforts to advance the tech.

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