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

China’s Wison wins Indonesian FLNG gig from Genting

China's Wison New Energies has secured a contract from a unit of Genting to build a floating LNG unit...

Japan’s Chiyoda provides Golden Pass LNG update

Japan's engineer Chiyoda has released an update regarding the construction of the Golden Pass LNG export project in Texas,...

South Korea’s Hanwha to increase stake in NextDecade

South Korean conglomerate Hanwha has agreed to buy more shares in US LNG firm NextDecade to increase its stake...

More News Like This

Chevron says to complete Wheatstone platform repairs in coming weeks

Chevron’s unit in Australia expects to complete repair activities on the Wheatstone offshore platform, which provides gas to the...

Chevron suspends Wheatstone LNG production

Chevron’s unit in Australia has suspended production at its 8.9 mtpa Wheatstone LNG terminal near Onslow to complete a...

Chevron’s Gorgon LNG plant resumes full operations

Chevron Australia, a unit of US energy giant Chevron, has resumed full production at its Gorgon LNG terminal in...

Japan’s Jera to sell part of its Freeport LNG stake to Japex

Japan's Jera has agreed to sell a part of its stake in US LNG terminal operator Freeport LNG to...