partnerships & projects
A lower carbon future is best achieved through collaboration. We are working in new ways with innovators, policymakers, partners and customers to understand and address the complex needs of the essential industries that enable modern society. We are working every day toward providing ever-cleaner energy that is also affordable and reliable.
carbon capture, utilization, and storage
Here are some examples of our partnerships and projects:
Entered this CCS hub joint venture that has a footprint of nearly 140,000 acres both onshore and offshore in Chambers and Jefferson Counties, Texas, positioning Bayou Bend to be one of the largest carbon storage projects in the United States.
Invested in Blue Planet, which uses CO2 as a raw material for making carbonate rocks used in place of quarried limestone in building material.
Announced an additional investment in Carbon Clean, a global leader in cost-effective industrial carbon capture, making us the largest investor in the company.
Invested in Carbon Engineering to accelerate the commercialization of its direct air capture technology, which removes CO2 directly from the air.
Eastridge Carbon Capture and Storage Project
Developing a carbon capture and storage (CCS) project aimed at reducing the carbon intensity of our operations in San Joaquin Valley, California, by installing post-combustion carbon capture equipment to capture CO2 and store it thousands of feet underground.
Houston CCS Hub
Joined more than 10 industry partners to support large-scale CCS deployment to help decarbonize industrial facilities in Houston, Texas, one of the largest concentrated sources in the United States.
Kern River Carbon Capture Project
Awarded a project from the U.S. Department of Energy (project #DE-FE0031944) to pilot technology that captures CO2 from post-combustion gas.
McKittrick Carbon Capture Project
Implementing engineering design for a commercial-scale project in the San Joaquin Valley, California, to capture CO2 from a cogeneration plant’s gas turbine.
Collaborating on the world’s first commercial-scale CCS project to tackle carbon emissions in the Canadian oil sands. The Quest project safely captures and stores 1 million tonnes of CO2 per year, sequestering over 7 million tonnes of CO2 as of 2021.
Led investment in Svante’s Series E fundraising round, which raised $318 million that will be used to accelerate the manufacturing of Svante’s carbon capture technology. Watch this interview to learn more.
Australia greenhouse gas assessment permits
Announced that Chevron Australia is part of three joint ventures that have been granted an interest in three offshore greenhouse gas assessment permits. The acreage totals nearly 7.8 million acres – an area larger than Belgium.
As one of 13 partners, Chevron Singapore signed a memorandum of understanding with the Agency for Science, Technology and Research (A*STAR) to formalize a public-private partnership, to formalize a public-private partnership to explore a testbed facility for accelerating industry adoption of emerging carbon capture and utilization technologies to enable companies to rapidly pilot and scale up new CCU technologies.
Chevron Singapore CCUS Consortium
Announced a memorandum of understanding with Air Liquide, Keppel Infrastructure and PetroChina to create a consortium that intends to evaluate and advance the development of large-scale CCUS solutions and integrated infrastructure in Singapore. Through research, testing and operational solutions, the consortium aims to provide industrywide CCUS infrastructure to support the energy and chemicals sector by capturing CO2 emissions to utilize for making useful products like plastics and cement, or by transporting the CO2 to geological reservoirs in the Asia-Pacific region for permanent and secure storage.
Announced signing a memorandum of understanding with JERA that provides a framework for collaboration on carbon capture and storage (CCS) projects in the United States and Australia.
Mitsui O.S.K. Lines, Ltd.
Announced signing a joint study agreement (JSA) with Mitsui O.S.K. Lines, Ltd. on the feasibility of transporting liquified CO2 from Singapore to permanent storage locations offshore Australia. The JSA will complement work to be advanced by a recently announced consortium to explore solutions for large-scale carbon capture, transport and permanent storage of CO2 from Singapore.
Singapore National Research Foundation
Chevron is a member of a consortium with the Singapore National Research Foundation and other companies. We are working jointly to develop the first end-to-end decarbonization process in Singapore.
Chevron's approach to hydrogen envisions the use of green, blue and gray hydrogen.
Air Liquide, Lyondellbasell, and Uniper
Announced intent to collaborate on a joint study that will evaluate and potentially advance the development of a hydrogen and ammonia production facility along the U.S. Gulf Coast. The facility could support industrial decarbonization and mobility applications in the region and expand clean ammonia exports, helping to increase the supply of lower carbon power internationally.
Invested in Aurora Hydrogen, which is developing a hydrogen production technology that uses microwave energy without generating any CO2 emissions or consuming water. Hydrogen production using Aurora’s technology has the potential to reduce global CO2 emissions.
BNSF and Caterpillar
Announced a memorandum of understanding to advance the demonstration of a locomotive powered by hydrogen fuel cells.
Announced a memorandum of understanding with BNSF and Caterpillar to explore a strategic alliance for commercially viable business opportunities in hydrogen and other alternative energy sources.
Comprised of leading energy companies and organizations, the HyVelocity Hub is working to accelerate the development of clean hydrogen projects in Texas, Southwest Louisiana, and the U.S. Gulf Coast. GTI Energy, The Center for Houston’s Future, The University of Texas at Austin, Air Liquide, and Chevron are among the founding members of the HyVelocity Hub.
Raven SR and Hyzon
Announced collaboration with Raven SR and Hyzon to commercialize operations of a green waste-to-hydrogen production facility in Richmond intended to supply hydrogen fuel to transportation markets in Northern California.
We are working with Caterpillar-owned Solar Turbines to adapt a low-emissions turbine engine partially fueled by hydrogen. Blending hydrogen with traditional fuels to power the engine could help reduce its greenhouse gas emissions.
Invested in Starfire, a Boulder, Colorado–based startup developing a modular, distributed ammonia production and cracking system.
Toyota Motor North America
Announced a memorandum of understanding with Toyota to explore a strategic alliance to catalyze and lead the development of commercially viable, large-scale businesses in hydrogen, with the goal of advancing a functional, thriving global hydrogen economy.
Global Centre for Maritime Decarbonization
Joined the GCMD, an independent, nonprofit organization established with the help of the Maritime and Port Authority of Singapore, to support development of potentially scalable lower carbons.
Pertamina and Keppel
Signed a joint study agreement (JSA) to explore the development of selected green hydrogen and green ammonia projects using renewable energy located primarily in Sumatera, Indonesia.
Announced a Joint Study Agreement (JSA) to explore how tankers can be used to transport ammonia, a potential lower carbon marine fuel. The initial study will evaluate the ammonia transportation market, existing infrastructure, the safety aspects of ammonia, potential next generation vessel requirements and a preliminary system to transport ammonia between the U.S. Gulf Coast and Europe. Ammonia is a carrier of hydrogen and is believed to have potential to lower the carbon intensity of the marine industry.
Hydrogenious LOHC Technologies
Announced an investment in Hydrogenious, a developer of liquid organic hydrogen carrier technology.
Announced an agreement with Iwatani to co-develop and construct 30 hydrogen fueling sites in California by 2026.
Collaborating on multiple lower carbon opportunities – including production; carbon capture, utilization, and storage; and new technology commercialization – focused on the U.S. and Asia-Pacific region.
Some examples of our partnerships, associations and investments include:
Acorns and One Tree Planted
Collaborating with Acorns, a saving and investing app in the United States, to pilot a new program in California to have five trees planted via the One Tree Planted organization every time a customer fills up at the pump. While not an offset credit-generating activity, the program provides an opportunity to better understand consumer interest in offsetting emissions from use of our products.
Restore the Earth Foundation
Announced a cypress reforestation project with Restore the Earth to plant 3.7 million trees on up to 18,800 acres in St. Charles Parish, Louisiana.
University of Maryland
Supports the University of Maryland’s modeling and analysis to promote carbon markets and transferability of emissions credits.
Invested in Boomitra, a startup developing an agricultural technology to enable farm carbon sequestration and monetization. Boomitra has the potential to cost-effectively grow the supply of carbon offsets to meet increasing demand.
Serving as an advisory board member of the IHS Markit Carbon Meta-Registry. IHS Markit is leading a consortium of stakeholders in the global carbon markets to develop the market infrastructure needed to support the realization of Paris Agreement carbon-emissions targets.
Serving as a consultative group member of the Institute of International Finance Taskforce on Scaling Voluntary Carbon Markets (TSVCM). A large, transparent, verifiable and robust voluntary carbon market can help deliver carbon-reduction goals and is key to the integrity of reductions.
Markets for Natural Climate Solutions Initiative
As a founding member, serving in the Markets for Natural Climate Solutions Initiative to boost climate action. NCS provides a potentially cost-effective form of carbon management that can contribute to the goals of the Paris Agreement.
Oil and Gas Climate Initiative
Participating in the OGCI’s Natural Climate Solutions workstream, exploring ways to enhance the scientific, technological and operational basis for a global scaling up of natural climate solutions (NCSs).
Participating in a memorandum of understanding with the World Bank. The World Bank’s goal is to enhance global climate ambitions in mitigation actions and activities to facilitate the development of carbon and climate markets and associated infrastructure based on emerging international and national regulatory frameworks.
Some examples of our projects, partnerships and investments include:
Partnered with Greentown Labs, the largest climate technology startup incubator in North America, to support opening a Houston, Texas, location. This builds on our support for Greentown Labs in Boston since 2013.
Invested in Mainspring Energy, a startup developing technology that has the potential to enable greater fuel flexibility and utilization of lower carbon fuels with near-zero NOx emissions.
Chevron is a sustaining member of the MIT Energy Initiative, which fosters new research and education to develop innovative tools, technologies and solutions to address global energy needs and challenges.
Invested in Natel Energy, a startup providing hydropower-based technology that has the potential to unlock distributed hydropowered resources and that aims to provide a reliable, dispatchable power resource to balance intermittent renewables.
Rice Alliance for Technology and Entrepreneurship
Chevron is a founding supporter of the Rice Alliance Clean Energy Technology Accelerator, which develops programs to support early-stage energy startups.
Mitsui Oil Exploration Co., Ltd
Announced the signing of a joint collaboration agreement to explore the technical and commercial feasibility of advanced geothermal power generation in Japan. Building on Chevron and MOECO’s long-standing relationship, the new collaboration will study geothermal resource potential across Japan and will evaluate the effectiveness of advanced-closed loop technology for a future joint pilot project in Japan.
Invested in Baseload Capital, a private investment company focused on the development and operation of lower-temperature geothermal and heat power assets.
Invested in Eavor Technologies, a company that provides a closed-loop geothermal technology for both power and direct heat markets. Eavor’s innovative system has dispatchability for power load balancing, which is becoming more essential as intermittent renewables saturate more power grids.
Invested in Ocergy, a developer of floating offshore wind foundation technology. The investment will also fund the development of an environmental monitoring buoy that has the potential to gather data and support biodiversity.
Invested in Zap Energy, a startup developing a next-generation modular nuclear reactor with an innovative approach to advancing cost-effective, flexible and commercially scalable fusion.
Some examples of our collaborations and investments include:
Announced a partnership with PT Pertamina to explore potential lower carbon business opportunities in Indonesia. To serve local and potentially regional customers, we plan to consider novel geothermal technologies; carbon offsets through nature-based solutions; carbon capture, utilization, and storage (CCUS); as well as lower carbon hydrogen development, production, storage and transport.
Announced a memorandum of understanding to explore potential lower carbon business opportunities in Kazakhstan with JSC NC KazMunayGas (KMG). Chevron and KMG plan to evaluate the potential for lower carbon projects in areas such as CCUS; hydrogen; energy efficiency and methane management; and carbon financial disclosure methodology.