renewable fuels and products

Some examples of our projects, partnerships and investments include:

Beyond6

Chevron closed its previously announced acquisition of full ownership of Beyond6, LLC, and its nationwide network of 55 compressed natural gas stations from Mercuria Energy Trading and Beyond6 founder Andrew West.

Brightmark LLC

Chevron and Brightmark LLC announced the formation of a joint venture, Brightmark RNG Holdings LLC, to develop projects across the United States to produce RNG. The joint venture will fund the construction of infrastructure and the commercial operation of dairy biomethane projects in multiple states from which we will purchase RNG and market the volumes for use in vehicles operating on renewable compressed natural gas. We delivered first gas at Brightmark’s Lawnhurst site in Western New York (November 2021), which reinforced our leadership position in RNG. In January 2022, we announced plans to build an anaerobic digestion project at the Vlot Calf Ranch in Chowchilla, California. The project is anticipated to capture, clean and convert methane from manure that would otherwise escape to the atmosphere into RNG, another step in Chevron’s journey to produce more than 40,000 MMBTU of RNG per day by 2030.

Bunge

Chevron U.S.A. Inc., a subsidiary of Chevron Corporation, and Bunge North America, Inc., a subsidiary of Bunge Limited, closed a transaction that created Bunge Chevron Ag Renewables LLC. The new company will develop renewable fuel feedstocks leveraging Bunge’s expertise in oilseed processing and farmer relationships and Chevron’s expertise in fuels manufacturing and marketing. The 50/50 joint venture is intended to help us meet the demand for lower lifecycle carbon intensity fuels and develop renewable feedstocks. It also is anticipated to establish a reliable supply chain from farmer to fueling station and double the current facility capacities from 7,000 tons per day by the end of 2024.

CalBio

Chevron and California Bioenergy LLC (CalBio) announced a joint investment in their second holding company to produce and market dairy biomethane as an RNG transportation fuel in California. At signing, the holding company, CalBioGas Hilmar LLC, secured initial funding from Chevron to build infrastructure for dairy biomethane projects in California’s Merced County.

Clean Energy Fuels Corporation

Chevron has partnered with California natural gas retailer Clean Energy Fuels Corporation on Adopt-a-Port, an initiative that provides truck operators serving the ports of Los Angeles and Long Beach with RNG. Truck operators participating in the program agree to fuel up at the Clean Energy stations supplied by Chevron. Truck operators and their import and export customers are expected to reduce smog-forming NOx emissions by 98% through use of RNG instead of diesel.

Clean Skies for Tomorrow

Chevron is a member of the Clean Skies for Tomorrow Coalition, which is working to accelerate the supply and use of sustainable aviation fuel technologies. Becoming a signatory reinforces our broader commitment to build a lower carbon future by increasing the availability of fuels and focusing on sectors where emissions are harder to abate.

Co-processing biofeedstock

Our El Segundo Refinery in Southern California continues to innovate and is the first refinery in the United States, and one of the first few refineries in the world, to ratably co-process renewable feedstock to make jet fuel and diesel fuel with renewable content and lower carbon intensity. In third quarter 2021, the refinery began co-processing approximately 2,000 barrels per day of biofeedstock, producing renewable diesel as well as a batch of sustainable aviation fuel. We have secured all renewable feedstock for the diesel hydrotreater; and leveraging our capital efficient approach to unit conversions, we expect that unit to have 100% renewable capability in 2023, increasing expected capacity to 10,000 barrels per day of renewable diesel.

Chevron Studio

Launched in 2022 with the Department of Energy National Renewable Energy Laboratory, the $10 million Chevron Studio program links entrepreneurs with national labs and universities to scale up and commercialize innovative, early-stage technologies that have the potential to enable a lower carbon future.

Getting to Zero Coalition

Chevron has joined more than 120 companies in the Getting to Zero Coalition, a partnership between the Global Maritime Forum, the Friends of Ocean Action, and the World Economic Forum. It brings together participants from across the shipping value chain to get commercially viable deep-sea zero-emissions vessels into operation by 2030 to support the International Maritime Organization’s ambition to reduce GHG emissions from shipping by at least 50% by 2050.

Iwatani

Chevron and Iwatani Corporation of America announced an agreement to co-develop and construct 30 hydrogen fueling sites in California by 2026. Chevron plans to fund construction of the sites, which are expected to be located at Chevron-branded retail locations across the state. The stations will initially fuel light-duty vehicles while retaining the flexibility to service heavy-duty vehicles over the long term. Iwatani will operate and maintain the hydrogen fueling sites and provide hydrogen supply and transportation logistics services. Chevron plans to supply a portion of the fueling sites with excess hydrogen production capacity at its Richmond Refinery and future hydrogen production from pilot projects in Northern California. The action is expected to advance the hydrogen transportation value chain from production to consumer purchase and help our customers lower their lifecycle transportation carbon intensities.

Novvi

We continue to lead in the development of renewable base oil through our patented technology and majority ownership in Novvi, a California-based company that engages in the development, production, marketing and distribution of high-performance base oils. Together, Chevron and Novvi leverage the complementary technologies of Chevron’s expertise in hydroprocessing and Novvi’s innovative use of renewable feedstocks to enable us to integrate this renewable base oil into our lubricant product lines. We have developed the first commercially viable renewable automotive engine oil – Havoline Pro-RS® – with lifecycle emissions that are 35% lower than those of conventional motor oil of equal viscosity. To date, we have a portfolio of patents, including some that target fuel economy, electric vehicle fluids and equipment life extension, all using renewable base oil.

REG

In 2022, Chevron acquired Renewable Energy Group (REG), combining REG’s world-class employees, leading feedstock capabilities and growing renewable fuel production with Chevron’s large manufacturing assets and leading marketing and distribution position. The acquisition positions Chevron to accelerate a lower carbon future and grow our expertise, while maintaining what makes us a leading provider of affordable, reliable, ever-cleaner energy to meet growing energy demand. It also builds upon Chevron’s stated intention to participate across the full renewables value chain, as well as creates a business that is expected to accelerate progress toward our renewable fuels capacity target of 100,000 barrels per day by 2030.