Occidental Petroleum, through its subsidiary, Oxy Low Carbon Ventures, acquired the the Direct Air Capture (DAC) company, causing an eruption of celebration throughout the community.Another great success story for the Knoxville entrepreneurial community with the official announcement that Holocene has been acquired by the oil and gas giant: Oxy.Rumors of the acquisition circulated in the Knoxville community and were finally confirmed by Holocene’s Co-Founders Anca Timofte, Keeton Ross, and Tobias Rüesch on Wednesday evening.“That cat is out of the bag! What an epic journey,” Ross wrote on his LinkedIn post. “Most start-ups fail… let alone hard-tech, let alone DAC (Direct Air Capture), let alone in these market conditions. I’m THRILLED to share… that we’ve been acquired and are joining the Oxy / 1PointFive family as the next stage of our scale-up journey!”