Chevron Technology Ventures champions innovation, commercialization and integration of emerging technologies within Chevron.
What We Do
Chevron Technology Ventures (CTV) helps Chevron embrace emerging technologies to create new commercial opportunities, reduce costs and improve performance.
CTV serves as one of the company's most important technology scouts, always searching for emerging technologies that could enhance Chevron's strategies. CTV identifies, acquires, tests, validates, and, if appropriate, helps integrate technologies into the company's core businesses. Some technologies may be studied, then shelved for future consideration.
Chevron Venture Capital finds and makes investments in early-stage companies offering technology valuable to Chevron, then helps Chevron business units implement that technology.
CTV's Biofuels business unit is developing technologies related to large-scale commercial production and distribution of non-food biofuels in the United States.
CTV's Emerging Energy business unit explores innovative ways that Chevron can use renewable energy to run its operations more cost-effectively while reducing our carbon footprint.
Updated: August 2012