- Corporate News
Chevron to collaborate with JERA, Pertamina on CCS projects
Chevron New Energies, a division of Chevron U.S.A. Inc., and JERA Co., Inc. signed a memorandum of understanding (MoU) that provides a framework for their collaboration on carbon capture and storage (CCS) projects located in the United States and Australia.
This MOU which was signed on March 7, 2023, has the potential to expand the significant liquid natural gas (LNG) relationship that Chevron and JERA have today.
This MOU furthers the collaboration between Chevron and JERA in the lower carbon space, following the November 2022 announcement of their collaboration on the potential co-development of lower carbon fuel in Australia and the study of liquid organic hydrogen carriers (LOHC) in the United States.
“We have a long-standing LNG relationship with JERA that continues to progress, with the intent of bringing affordable, reliable, and ever-cleaner solutions to our customers,” said Chris Powers, vice president of Carbon Capture Utilization and Storage at Chevron. “We have deep experience and capability in subsurface and are actively developing CCS projects around the world. We understand that without long-term relationships like the one we have with JERA, we wouldn’t be able to develop these resources and move at the pace we have been moving to further our energy transition goals.”
“Under its ‘JERA Zero CO2 Emissions 2050’ objective, JERA has been working to reduce CO2 emissions from its domestic and overseas businesses to zero by 2050. JERA and Chevron have worked together to bring stable and reliable LNG to our customers over the years, and this CCS collaboration further demonstrates our strong commitment to advance lower carbon solutions. Chevron brings significant expertise and experience in the CCS business, so we look forward to working together as we aim to transition to a decarbonised society,” said Gaku Takagi, executive officer, head of the Resource Procurement & Investment Division of JERA.
PT Pertamina (Persero) and Chevron New Energies International Pte. Ltd. also signed a joint study agreement (JSA) on March 6 to examine the feasibility of carbon capture storage and carbon capture utilization and storage (CCS/CCUS) in East Kalimantan, Indonesia.
This is the second joint study agreement to come from the collaboration between Chevron and Pertamina announced in Washington, D.C., in May 2022 to explore potential lower carbon business opportunities in Indonesia.