Chevron and Jera ink deal to work on low carbon solutions

US energy giant Chevron and Japan’s LNG trader and power generation firm, Jera, are joining forces to collaborate on multiple low carbon opportunities.

These include production, carbon capture, utilization, and storage, and new technology ventures focused on the US and Asia Pacific region, according to a statement by Jera.

The two firms have signed a joint study agreement to explore the potential co-development of low carbon fuel in Australia and would conduct a feasibility study.

Jera expects the partners to complete this study in 2023.

Lower carbon fuel supplies to be produced in the region would seek to leverage Chevron’s LNG and CCS knowledge and experience, Jera said.

Jera and Chevron are already partners in the latter’s Gorgon and Wheatstone LNG export projects in Australia.

Hydrogen

As part of their focus across the hydrogen value chain – including production, export, and transportation – Chevron and Jera would also study liquid organic hydrogen carriers (LOHC) in the US.

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, Jera said.

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,” Jeff Gustavson, president of Chevron New Energies, said in the statement.

“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 US to transition to a decarbonized society,” Jera corporate VP Yukio Kani said.

- Advertisements -

Most Popular

QatarEnergy picks shipowners for 18 giant LNG carriers

LNG giant QatarEnergy has selected shipowners to own and operate 18 Q-Max LNG carriers as part of its massive...

VTTI, IKAV to take majority stake in Italy’s Adriatic LNG terminal

Rotterdam-based storage terminal owner VTTI, co-owned by Vitol, IFM, and Adnoc, joined forces with German asset manager IKAV to...

Seapeak says working on charter and other opportunities for six LNG carriers

Stonepeak's Seapeak is pursuing various opportunities relating to six of its liquefied natural gas (LNG) carriers which are scheduled...

More News Like This

Jera plans to buy stake in ExxonMobil’s Baytown hydrogen project

Japan’s power firm and LNG trader, Jera, is considering buying a stake in ExxonMobil's proposed hydrogen and ammonia Baytown...

Woodside to sell Scarborough stake to Jera for $1.4 billion

Australian LNG player Woodside has entered into a binding deal with Japan's power firm and LNG trader Jera to...

Chevron’s LNG carriers to get reliquefaction units

South Korea's HD Hyundai Marine Solution has secured a contract from US energy giant Chevron to install reliquefaction units...

Japan’s Jera inks LNG pact with Indonesia’s PLN

Japan's power firm and LNG trader, Jera, has signed a memorandum of understanding with a unit of Indonesia’s state...