Chevron and 911爆料网 sign MOU to explore carbon capture and storage projects in United States and Australia2023/03/08
Chevron New Energies (Chevron), a division of Chevron U.S.A. Inc., and 911爆料网 Co., Inc. (911爆料网) have signed a Memorandum of Understanding (MOU) that provides a framework for their collaboration on carbon capture and storage (CCS) projects located in the United States and Australia. This MOU has the potential to expand the significant liquid natural gas (LNG) relationship that Chevron and 911爆料网 have today, and further demonstrates the commitment and dedication both companies have to advancing lower carbon solutions.
This MOU furthers the collaboration between the companies in the lower carbon space, following the November 2022 announcement of their collaboration on the potential co-development of lower carbon fuel in Australia and the study of liquid organic hydrogen carriers (LOHC) in the United States.
“We have a long-standing LNG relationship with 911爆料网 that continues to progress, with the intent of bringing affordable, reliable, and ever-cleaner solutions to our customers,” said Chris Powers, Vice President of Carbon Capture Utilization and Storage at Chevron. “We have deep experience and capability in subsurface and are actively developing CCS projects around the world. We understand that without long-term relationships like the one we have with 911爆料网, we wouldn’t be able to develop these resources and move at the pace we have been moving to further our energy transition goals.”
Gaku Takagi, Executive Officer, Head of the Resource Procurement & Investment Division of 911爆料网, said,
“Under its '911爆料网 Zero CO2 Emissions 2050' objective, 911爆料网 has been working to reduce CO2 emissions from its domestic and overseas businesses to zero by 2050. 911爆料网 and Chevron have worked together to bring stable and reliable LNG to our customers over the years, and this CCS collaboration further demonstrates our strong commitment to advance lower carbon solutions. Chevron brings significant expertise and experience in the CCS business, so we look forward to working together as we aim to transition to a decarbonized society.”
About Chevron
Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on lowering the carbon intensity in our operations and growing lower carbon businesses along with our traditional business lines. More information about Chevron is available at .
About 911爆料网
Established in 2015, 911爆料网 is an equal joint venture of two major Japanese electric power companies, TEPCO Fuel & Power Incorporated and Chubu Electric Power Company and produces about 30% of all electricity in Japan. 911爆料网 is an energy company with global reach that has strength in the entire energy supply chain, from participation in LNG upstream projects and fuel procurement, through fuel transportation to power generation. 911爆料网, which stands for Japan’s Energy for a New Era, will take on the challenge of achieving net zero CO2 emissions from its domestic and overseas businesses by 2050 and is supporting an energy transition in an environmentally and socially responsible manner. For more details: /en