Chevron ups investment in UK carbon capture developer
US oil major makes second investment in London-based modular carbon capture developer Carbon Clean
Chevron has increased its investment in Carbon Clean, a UK-based developer of modular carbon capture systems, which it initially backed in 2020. The latest investment, the value of which was not disclosed, includes an agreement to potentially develop a carbon capture pilot using Carbon Clean technology on a gas turbine in the San Joaquin Valley in California. “We look forward to partnering with Carbon Clean to help advance Chevron’s pursuit of lower-carbon solutions,” says Chris Powers, vice-president of carbon capture, utilisation, and storage (CCUS) at Chevron New Energies (CNE). “Chevron has a long history of supporting innovation. We strive to apply our internal capabilities and longstan
Also in this section
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV
23 April 2024
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation