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:
Bayou Bend
Chevron is the operator of and has a 50% ownership interest in the Bayou Bend CCS LLC (Bayou Bend) joint venture with TotalEnergies and Equinor. Bayou Bend is a carbon capture and storage (CCS) project covering approximately 140,000 acres of geological formation both onshore and offshore along the Texas Gulf Coast. In 2024, Bayou Bend submitted and received notice of administrative completeness from the U.S. EPA for a Class VI permit application.
Carbon Clean®
Invested in Carbon Clean, a company offering fully modular carbon capture solutions for hard-to-abate industries and developing Cyclone CC™ technology using rotating packed beds (RPBs) to capture CO2 from emissions with range of concentrations.
ION Clean Energy®
Invested in ION Clean Energy (ION), a Boulder-based technology company that provides post-combustion point-source capture technology through its third-generation ICE-31 liquid amine system. This investment also provides the opportunity to partner with ION customers on projects to scale the technology sooner.
Eastridge Carbon Capture and Storage Project
Developing a 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 Alliance
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.
Pascagoula CCS
The Pascagoula Refinery Carbon Capture and Storage (CCS) project is making plans to capture carbon dioxide (CO2) from the refinery and safely transport and store those emissions underground, thousands of feet below the Earth’s surface.
Svante investment
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
Chevron Australia is a part of five joint ventures that have been granted an interest in five offshore greenhouse gas assessment permits. The acreage totals over 10 million acres being evaluated for CO2 storage.
ENEOS Xplora
Signed MOU with ENEOS Xplora (formerly JX Nippon) to evaluate the export of carbon dioxide (CO2) from Japan to CCS projects located in Australia and other countries in Asia Pacific.
Mitsui O.S.K. Lines, Ltd.
Signed 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.
hydrogen
Some examples of our hydrogen partnerships and projects include:
Advanced Clean Energy Storage Site | ACES Delta
Chevron has a majority interest in the Advanced Clean Energy Storage Site (ACES Delta) electrolytic hydrogen storage project in Delta, Utah, with operations planned by the end of 2025. ACES Delta is focused on converting renewable energy using electrolysis, storing it in underground salt dome caverns, and delivering lower carbon hydrogen, with plans in the Western United States.
Ammobia
CTV has invested in Ammobia, a San Francisco, California based start-up that has developed proprietary methodology and reactor design for production of green ammonia. Their technology has the potential to enable distributed, low-cost production of ammonia at lower temperature, pressure and carbon intensity as compared to the conventional Haber -Bosch process.
Aurora Hydrogen
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.
Caterpillar
Exploring commercially viable business opportunities in hydrogen and other alternative energy sources under an announced strategic alliance.
Cummins
Chevron and Cummins are exploring a strategic alliance to develop commercially viable business opportunities in hydrogen and other alternative energy sources.
HyVelocity Hub
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
Announced collaboration with Raven SR to commercialize operations of a green waste-to-hydrogen production facility in Richmond intended to supply hydrogen fuel to transportation markets in Northern California.
Solar Turbines
Worked 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.
Starfire
Invested in Starfire, a Boulder, Colorado–based startup developing a modular, distributed ammonia production and cracking system.
Syzygy Plasmonics
Chevron is invested in Syzygy, a developer of lower carbon hydrogen technology.
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.
Zero Emissions Industries (ZEI)
Chevron is invested in ZEI, a developer of hydrogen fuel cell power systems and fueling solutions for the maritime industry and beyond.
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 select lower carbon hydrogen and ammonia projects using renewable energy located primarily in Sumatera, Indonesia.
Angelicoussis
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.
Iwatani
Announced an agreement with Iwatani to co-develop and construct 30 hydrogen fueling sites in California by 2026.
carbon offsets
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
Chevron is participating in a reforestation project for up to 18,800 acres, planting approximately 3.7 million trees in St. Charles Parish, Louisiana.
Boomitra®
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.
IHS Markit
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.
Chevron is 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 (NCS) Initiative
As a founding member, Chevron is 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 (OGCI)
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 (NCS).
World Bank
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.
emerging technologies
Some examples of our projects, partnerships and investments include:
Greentown Labs
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.
Mainspring Energy®
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.
MIT
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.
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.
Ocergy®
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.
Zap Energy
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.
integrated solutions
Some examples of our collaborations and investments include:
Pertamina
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.
JERA
Collaborating on multiple lower carbon opportunities focused on the U.S. and Asia-Pacific regions. Opportunities include the production of lower carbon fuels, CCUS and new technology commercialization.
Announced a memorandum of understanding to explore potential lower carbon business opportunities in Kazakhstan with JSC NC KazMunayGas (KMG). Chevron and KMG have been evaluating the potential for lower carbon projects in areas such as CCUS; hydrogen; energy efficiency and methane management; and carbon financial disclosure methodology.