Chevron has set a net-zero target for upstream emissions by 2050
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
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