Chevron Forms JV to Advance Carbon Capture from Midcon, Gulf Coast Operations

Chevron’s partnership with Enterprise Products Partners has the potential to advance the U.S. oil major’s ongoing work to grow its lower carbon businesses with commercial scale, says Jeff Gustavson, president of Chevron New Energies.

Chevron Forms JV to Advance Carbon Capture from Midcon, Gulf Coast Operations

Chevron launched its new energies business unit in July to dedicate resources to grow multiple business lines it expects will play a large role in the energy transition. (Source: Chevron Corp.; Chevron logo by Marko Aliaksandr / Shutterstock.com)

Chevron Corp. is exploring options to further reduce the carbon footprint from its U.S. Midcontinent and Gulf Coast operations through a new partnership announced Sept. 13 with Houston-based Enterprise Products Partners LP.

“This joint effort has the potential to advance our ongoing work to grow our lower carbon businesses with commercial scale using the industry expertise both companies bring to the project,” commented Jeff Gustavson, president of Chevron New Energies, in a joint company release. 

The U.S. oil major launched the Chevron New Energies business unit in July to accelerate its lower-carbon strategy through the dedication of resources to grow multiple business lines expected by Chevron to play a large role in the energy transition. In addition to carbon capture, investments have included a partnership with Caterpillar Inc. to collaborate on hydrogen projects.

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Emily Patsy

Emily Patsy is the senior managing editor for Hart Energy’s Digital News Group. She's responsible for the daily news flow and also manages the A&D Watch and Energy Pulse weekly newsletters.