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, reports LNG Prime.
About the deal
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.
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.
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Source: LNG Prime