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Chevron Invests In The World Leader In Building Cost-Effective Industrial Carbon Capture Methods- $CVX $DIA

By John F. Heerdink, Jr.

As per reports, a subsidiary of Chevron Corporation (CVX), Chevron U.S.A. Inc., is investing in Carbon Clean, a world leader in building cost-effective industrial carbon capture methods. Carbon Clean’s technology is built to reduce the costs and physical footprint required for carbon capture in comparison to many existing approaches, as the size and cost of installing carbon capture technology have been a huge barrier in its adoption. 

Chevron Technology Ventures made an initial investment in Carbon Clean in 2020. As part of the new investment, Chevron and Carbon Clean are seeking to develop a carbon capture pilot for Carbon Clean’s CycloneCC technology on a gas turbine in San Joaquin Valley, California.

“We look forward to partnering with Carbon Clean to help advance Chevron’s pursuit of lower carbon solutions. Chevron has a long history of supporting innovation. We strive to apply our internal capabilities and longstanding partnership approach toward developing and commercializing breakthrough technologies, including those that enable lower carbon solutions in the marketplace,” stated Chris Powers, vice president of Carbon Capture, Utilization, and Storage (CCUS) with Chevron New Energies (CNE).

Dow 30 component Chevron Corporation (CVX), through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide.  To learn more about Chevron (CVX) and to track their progress please visit the Vista Partners Chevron Page.

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(Read Original Story: Chevron Announces Investment in Carbon Clean CO2 Capture Technology Business in Business Wire)


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