Chevron Granted Interest in Three Permits to Assess Carbon Storage Offshore Australia
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Thursday, September 8, 2022
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Chevron Corporation (NYSE: CVX), through its affiliate Chevron Australia Pty Ltd, is part of three joint ventures that have been granted an interest in three greenhouse gas assessment permits offshore Australia.
Key Points:
- Chevron Corporation (NYSE: CVX), through its affiliate Chevron Australia Pty Ltd, is part of three joint ventures that have been granted an interest in three greenhouse gas assessment permits offshore Australia.
- Chevron has a unique set of capabilities and relationships to support the further deployment of carbon capture and storage in Australia, said Mark Hatfield, managing director of Chevrons Australia Business Unit.
- We look forward to working with our venture participants to assess the greenhouse gas storage potential within these titles, which we hope will benefit Australia and the region for years to come.
- As part of its global lower carbon strategy, Chevron is focused on carbon capture, utilization, and storage (CCUS) primarily through hubs with third-party emitters as partners and customers renewable fuels, hydrogen, offsets, and other emerging technologies.