Any thoughts on NET Power (going public via RONI SPAC), gas-powered electricity technology with carbon capture? Oxy already owns a substantial stake in the private company and just announced that they are increasing their investment commitment in the SPAC to $350 million. The first commercial plant isn't due for completion until 2026, but it would appear that Oxy views this technology as an important part of their decarbonization plan.
Any thoughts on NET Power (going public via RONI SPAC), gas-powered electricity technology with carbon capture? Oxy already owns a substantial stake in the private company and just announced that they are increasing their investment commitment in the SPAC to $350 million. The first commercial plant isn't due for completion until 2026, but it would appear that Oxy views this technology as an important part of their decarbonization plan.
https://netpower.com/net-power-and-rice-acquisition-corp-ii-announce-upsized-pipe-commitments-from-occidental-and-rice-family/