Chevron New Energies, a division of Chevron U.S.A. Inc., and JERA Co., Inc. have signed a Memorandum of Understanding (MOU) that gives a framework for his or her collaboration on carbon seize and storage (CCS) initiatives situated in the USA and Australia.
This MOU has the potential to broaden the numerous liquid pure fuel (LNG) relationship that Chevron and JERA have in the present day, and additional demonstrates the dedication and dedication each firms must advancing decrease carbon options.
This MOU furthers the collaboration between the businesses within the decrease carbon house, following the November 2022 announcement of their collaboration on the potential co-development of decrease carbon gas in Australia and the research of liquid natural hydrogen carriers (LOHC) in the USA.
“We’ve a long-standing LNG relationship with JERA that continues to progress, with the intent of bringing reasonably priced, dependable, and ever-cleaner options to our prospects,” mentioned Chris Powers, Vice President of Carbon Seize Utilization and Storage at Chevron. “We’ve deep expertise and functionality in subsurface and are actively growing CCS initiatives all over the world. We perceive that with out long-term relationships just like the one we’ve with JERA, we wouldn’t be capable to develop these sources and transfer on the tempo we’ve been shifting to additional our vitality transition objectives.”
Gaku Takagi, Govt Officer, Head of the Useful resource Procurement & Funding Division of JERA, mentioned, “Beneath its ‘JERA Zero CO2 Emissions 2050′ goal, JERA has been working to cut back CO2 emissions from its home and abroad companies to zero by 2050. JERA and Chevron have labored collectively to carry secure and dependable LNG to our prospects over time, and this CCS collaboration additional demonstrates our robust dedication to advance decrease carbon options. Chevron brings vital experience and expertise within the CCS enterprise, so we sit up for working collectively as we goal to transition to a decarbonized society.”