In this 3D rendering, a hydrogen pipeline illustrates the transformation of the energy sector towards ecology, carbon neutral, secure and independent energy. Cummins Inc. and Chevron have announced a memorandum of understanding (MOU) to leverage complimentary positioning in hydrogen, natural gas and other lower carbon fuel value chains. (Source: Shutterstock.com)
Cummins Inc. and Chevron have announced a memorandum of understanding (MOU) to leverage complimentary positioning in hydrogen, natural gas and other lower carbon fuel value chains.
“Collaborations like this one with Cummins are intended to make energy and global supply chains more affordable and reliable while helping commercial fleets who use our products and Cummins’ equipment to advance a lower carbon world,” said Chevron’s president of Americas Products Andy Walz.
Cummins and Chevron each have contributed to the research, development and deployment of alternative fuel systems and technologies. They will work together to enable the commercial development at scale of alternative fuels production, transportation and delivery systems for industrial and commercial markets, with target consumption by transportation vehicles of the type manufactured by Cummins.
“By collaborating strategically with Chevron, we plan to improve access to fuel and infrastructure for our customers, helping grow the availability of alternative and renewable fuels while reducing emissions,” said Jennifer Rumsey, president and CEO of Cummins.
The new collaboration focuses on hydrogen, natural gas, and other alternative lower carbon intensity fuels such as renewable gasoline blend, biodiesel, renewable diesel, compressed natural gas, and other liquid renewables to expand commercial adoption.
Recommended Reading
Battalion Oil Walks Away from Fury Resources Buyout
2024-12-20 - The Battalion Oil-Fury Resources merger had been in discussions for more than a year, but Battalion said Fury failed to meet financial deadlines to continue the talks.
After Big, Oily M&A Year, Upstream E&Ps, Majors May Chase Gas Deals
2025-01-29 - Upstream M&A hit a high of $105 billion in 2024 even as deal values declined in the fourth quarter with just $9.6 billion in announced transactions.
Coterra Eyes Wolfcamp D, Penn Shale Upside with $3.95B Permian M&A
2024-11-15 - With $3.95 billion in Permian M&A, Coterra is adding new Delaware Basin locations in the Bone Spring, Harkey and Avalon benches—and eyeing upside from deeper zones.
Permian EOR Firm Plans Reverse Merger with Coconut Water Brand
2024-12-05 - Roosevelt Resources, which is developing an EOR project in the Texas Permian Basin, aims to go public through a reverse merger.
Oxy CEO Sheds Light on Powder River Basin Sale to Anschutz
2024-11-14 - Occidental is selling non-core assets in the Lower 48 as it works to reduce debt from a $12 billion Permian Basin acquisition.
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.