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.
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"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.
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