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.
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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