We are also leveraging our capabilities in carbon capture, utilization, and storage to unlock market opportunities for hydrogen solutions.Ĭhevron has a long history of identifying and driving innovation through investments in emerging technologies, research and development, piloting, trials and university partnerships. For example, at our refinery in Richmond, California, excess capacity in the new hydrogen units, combined with existing and future strategic partnerships, will be a foundation to support hydrogen demand growth.Ĭhevron is evaluating using hydrogen as an alternative for industries dependent on combustible fuels and assessing development of hydrogen production hubs. We’re exploring profitable opportunities for growth across the value chain, from upstream production through distribution into transportation, power generation and other industrial sectors. Chevron has been investing in hydrogen research and development for decades and holds more than 75 patents from early commercial ventures that are applicable to our future development plans. We’re well positioned to participate across the value chain to supply industrial, power and heavy-duty transportation customers.Ĭhevron currently produces approximately 1 million tonnes per year of hydrogen through our traditional business and has experience in retail hydrogen going back to 2005. We aim to deliver lower carbon energy to a growing world by creating a profitable, large-scale, lower carbon hydrogen business that builds on our existing assets, capabilities and customers. To achieve our ambitions, we are also exploring hub opportunities in the United States and abroad.Ĭhevron believes in the value of delivering large-scale hydrogen solutions that support a lower carbon world. We are investing in emerging CCUS technologies to bring early insights through pilot programs – often using Chevron’s existing assets – and to accelerate commercialization of promising technologies. We operate Gorgon, one of the world’s largest integrated CCS projects.

We are leveraging our expertise and global reach to advance CCUS technologies and scaling viable lower carbon solutions across the value chain (capture, transport, utilization, and storage) with a focus on hard-to-abate, energy intensive industries such as refining, petrochemicals, power, steel and cement. We’re taking action by deploying CCUS to lower the carbon intensity of our existing assets and growing our CCUS business to help reduce emissions of the essential industries that enable modern society. Carbon capture, utilization, and storage (CCUS) is a critical enabler of global net zero and our commitment to accelerate progress toward the lower carbon ambitions of our customers and company.Ĭhevron has decades of operational experience, a proven track record of carbon-capture projects and is already deploying CCUS technologies in locations across the globe.

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