Chevron pursues dual hydrogen and CCUS strategy
Chevron to scale up hydrogen production
Firm will increase low carbon hydrogen production and help establish supply and distribution network in western US as part of emissions reduction strategy
US oil major Chevron has outlined a new emissions reductions strategy to cut 30mn t CO₂ from its operations by 2028 using renewable fuels, hydrogen and CCUS technologies. The firm’s strategy involves reducing the carbon intensity of its existing operations whilst simultaneously establishing a ‘new energies’ division that will develop technologies in those three sectors. This new division will initially focus on the US west coast and selected Asian markets. Chevron will commit $10bn towards achieving its target between now and 2028, up from $3bn committed previously. “Chevron intends to be a leader in advancing a lower carbon future,” said Michael Wirth, Chevron’s CEO. “Our planned actions ta
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