Chevron, JERA to explore carbon capture and storage projects in US, Australia

Chevron New Energies and Japan's JERA Co Inc have agreed to collaborate on carbon capture and storage (CCS) projects located in the US and Australia.

The companies’ new MOU furthers their collaboration in the lower carbon space, following the November 2022 announcement on the potential co-development of lower carbon fuel in Australia and the study of liquid organic hydrogen carriers in the US.

According to Chris Powers, vice president of Carbon Capture Utilization and Storage at Chevron, they intend to bring affordable, reliable, and ever-cleaner solutions to our customers in their partnership with JERA.

He added that without long-term relationships like the one they have with JERA, Chevron wouldn’t be able to develop these resources and move at their current pace toward their energy transition goals.

Gaku Takagi, executive officer and head of the Resource Procurement & Investment Division of JERA, said they look forward to tapping Chevron’s significant expertise and experience in the carbon capture storage business in transitioning to a decarbonized society.