Chevron, Jera to develop low carbon solutions
SUMMARY
The companies will focus on the US and Asia Pacific.
By Shardul SharmaChevron Corporation and Japan’s Jera plan to develop low carbon solutions in the US and Asia Pacific, the companies said on November 8 in a joint statement.
Chevron New Energies business, a unit of Chevron, and Jera would collaborate on carbon capture, utilisation, and storage; and new technology ventures.
The companies have signed a joint study agreement to explore the potential co-development of lower carbon fuel in Australia and will conduct a feasibility study expected to be completed in 2023.
Lower carbon fuel supplies to be produced in the region would seek to leverage Chevron’s LNG and CCS knowledge and experience, the companies said.
Chevron and Jera will also study liquid organic hydrogen carriers (LOHC) in the US. As part of their focus on LOHC, the companies have both invested in Germany-based Hydrogenious LOHC Technologies.
