Chevron Corporation and JERA are working together on a number of opportunities to reduce carbon emissions with an emphasis on the US and the Asia-Pacific region, including production, carbon capture, usage, and storage (CCUS), and new technology commercialization.
The companies will carry out a feasibility study that is anticipated to be finished in 2023 as part of their joint study agreement to investigate the possibility of co-developing lower carbon fuel in Australia. Chevron’s expertise in LNG and CCS would be used to help the region create a lower carbon fuel supply.
As part of their focus across the hydrogen value chain – including production, export, and transportation – Chevron and JERA will also study liquid organic hydrogen carriers (LOHC) in the U.S. LOHC has the potential to enable efficient hydrogen transport and long duration energy storage applications, essentially using hydrogen as a battery to deliver lower carbon energy on demand. As part of their focus on LOHC, Chevron and JERA have both invested in Hydrogenious LOHC Technologies.
“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,” said Jeff Gustavson, president of Chevron New Energies. “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.”
JERA Corporate Vice President Yukio Kani said, “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.”