Renewable Energy
Strategy: Invest in renewable energy technologies and capture profitable positions.
In 2007, we forged research alliances with Texas A&M University and the National Renewable Energy Laboratory to develop cellulosic biofuels from nonfood sources. In another collaboration, the Alameda-Contra Costa Transit District in California is testing a biodiesel fuel blend and a gas-to-liquids diesel that Chevron is providing for a fleet of buses operating in the San Francisco Bay Area.
Additionally, Chevron expanded geothermal production in Indonesia with the startup of the 110-megawatt Darajat III geothermal power plant in West Java. Chevron is the world's largest producer of geothermal energy (see Developing Renewable Energy).
Our Chevron Energy Solutions subsidiary is helping internal and external customers increase their energy efficiency and use renewable sources of energy. One solar project for a California university is expected to supply 20 percent of the school's annual power needs and lower its utility costs.
Technology
Chevron's three technology companies — Energy Technology, Technology Ventures and Information Technology — support our core businesses and enable our most promising future opportunities (see Putting Technology to Work). In 2007, we established new technology centers in Australia and Scotland to provide strategic research, development and technical services to our global businesses. We also have centers in California and Texas.
Other Businesses
Our 50-50 joint venture Chevron Phillips Chemical Company LLC is one of the world's leading manufacturers of petrochemicals. Chevron Oronite markets more than 500 performance-enhancing products and supplies one-fourth of the world's fuel and lubricant additives. Other businesses include mining, pipeline, power generation and shipping. For more information, visit chevron.com.