Chevron New Energies is advancing multiple lower carbon projects in the U.S. and Asia Pacific area through a partnership with JERA, a Japanese joint venture between electric power companies TEPCO Fuel & Power Inc. and Chubu Electric Power Co., the company announced in a press release on Nov. 7.
The partnership intends to explore carbon capture, utilization and storage (CCUS), low carbon production and technology commercialization opportunities throughout the region, Chevron said. The company has worked with the joint venture on energy transition projects in the past, including a hydrogen gas development in the U.S.
RELATED
ConocoPhillips, JERA Propose to Develop US Hydrogen Gas Plant
"Chevron and JERA have worked together to bring affordable and reliable energy to our customers in the form of LNG, and we are excited about the opportunity to further build upon this relationship as we identify opportunities to provide ever-cleaner energy," Chevron New Energies president Jeff Gustavson commented in the release.
"Partnership is critical to achieving lower carbon goals, and we believe Chevron has the people, assets, and customers to help drive solutions across the globe," he added.
As part of the collaboration, the companies will run a feasibility study, to be completed in 2023, to potentially develop lower carbon fuel in Australia. Through a joint study agreement, they hope to employ Chevron's experience in developing LNG and carbon capture solutions, according to the release.
Additionally, the companies intend to jointly study U.S. liquid organic hydrogen carriers (LOHC), which would afford them the ability to use hydrogen as a battery to delivery lower carbon energy and create an efficient hydrogen transportation system.
Both Chevron and JERA have invested in hydrogen company Hydrogenious LOHC Technologies as part of their commitment to focus on LOHC.
"We believe that strengthening our cooperation with Chevron will not only expand business opportunities for both companies but also contribute to the stable supply of energy in Asia Pacific and the U.S. to transition to a decarbonized society," JERA corporate vice president Yukio Kani said in the release.
Recommended Reading
USD Completes Final Asset Sale of Hardisty Terminal
2025-04-13 - USD Partners was obligated to sell the Hardisty Terminal, in Alberta, Canada, after entering a forbearance agreement with its lenders on June 21 2024.
USEDC’s Plans for $1B in Capex, M&A on Track as Oil Prices Stumble
2025-04-11 - Volatility won’t affect Permian Basin-focused U.S. Energy Development Corp.’s day-to-day operations or its plans for deals, CEO Jordan Jayson told Hart Energy.
BP Forecasts Dip in First-Quarter Upstream Production
2025-04-13 - BP anticipates a quarter-over-quarter decline in upstream production when it reports earnings later this month.
The New Minerals Frontier Expands Beyond Oil, Gas
2025-04-09 - How to navigate the minerals sector in the era of competition, alternative investments and the AI-powered boom.
Q&A: Where There’s a Williams, There’s a Way for Gas
2025-04-09 - Midstream giant Williams Cos. leads the natural gas bulls on the great infrastructure buildout, President and CEO Alan Armstrong tells Hart Energy.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.