alternative fuels
in energy progress, there’s power in partnerships
2 min read | december 06, 2023
Chevron’s work with Svante is one of several examples of how it’s teaming up with others to advance lower carbon goals.
Whether it’s collecting waste or planting trees, environmental efforts are often best accomplished as a team.
The same holds true for solving challenges on a larger scale.
chris jablonski
vice president of Downstream Technology and Services
hear it from the top
Mike Wirth, Chevron’s Chairman and CEO, has previously flagged the importance of working together to find lower carbon solutions.
“We need to move rapidly,” he told Barron’s earlier this year. “We need to engage with innovation through universities, national laboratories and startup companies, all of which we work closely with, to try to bring these new technologies into the market.”
![compressed natural gas fueling](/-/media/chevron/newsroom/2023/Q4/in-energy-progress-theres-power-in-partnerships-cng.jpg?h=882&w=1568&la=en&hash=EDFA0AB50F7FFB454A2C47DB8F9704FC)
Chevron is working with one company in particular to build a compressed natural gas fueling network.
partnering up
In its 2023 Climate Change Resilience Report, Chevron detailed how it is working with other companies to reach its lower carbon goals.
This includes joint ventures with:
- The company’s participation in the Oil and Gas Climate Initiative. Member companies have a methane-intensity target to help reduce collective average upstream methane intensity to well below .20% by 2025.
- Bunge, a multinational agribusiness, to develop renewable fuel feedstocks.
- Talos Energy Inc., an offshore exploration and production company, and international energy company Equinor. The joint venture was formed to develop the Bayou Bend carbon capture and storage project, located along the Texas Gulf Coast.
- Baseload Capital to advance geothermal opportunities.
- Beyond6, LLC, now under Chevron’s full ownership, and its U.S. network of 55 compressed natural gas fueling stations, also supplied with renewable natural gas.
more on that
Chevron has a history of sparking innovation through investments in new technologies, research and development, and collaboration.
It believes cooperation, in both public and private sectors, can help reduce the emissions of entire industries.
![two women chevron employees walk and discuss the pipeline](/-/media/chevron/newsroom/2023/Q4/world-leader-permian-study-hero.jpg?h=882&w=1568&la=en&hash=C0F9BD16DA46D1FC0F478A046C5587C9)
permian basin offers lessons on reducing methane emissions
![Worker looking at lubricant samples in laboratory at Richmond Refinery, California](/-/media/chevron/sustainability/images/energy-transition-richmond-refinery-1920x1080.jpg?h=1080&w=1920&la=en&hash=2EA90A6435501D8531A563526D188F7C)
we believe the future of energy is lower carbon
sensor network is changing the way methane is detected
chevron invests in carbon capture company, svante
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