Chris Powers in conversation with Aniruddha Sharma
As the lead investor in our $150m Series C investment round, Chevron is a key partner for Carbon Clean.
This partnership has the potential to drive exponential growth in the carbon capture, utilisation and storage (CCUS) sector, building on Chevron’s long history of supporting innovation and commercialising breakthrough technologies.
We are working with Chevron New Energies, which was launched in 2021 to accelerate lower carbon business opportunities in CCUS, hydrogen, and offsets and emerging energies, as well as support Chevron’s ongoing growth in biofuels.
Initially, we are seeking to develop a technology demonstration pilot that will test our fully modular CycloneCC technology on a Chevron gas turbine in San Joaquin Valley, California. This first-of-its-kind technology pilot will be important to understand how carbon capture technology can be used at Chevron’s facilities and across multiple industries.
Chevron is targeting 25 million tonnes of CO2 per year in equity storage by the end of this decade, with a focus on developing regional hubs that leverage its existing and emerging partnerships with customers, governments, and industry. The partnership with Carbon Clean will play an important role in helping advance Chevron’s pursuit of lower carbon solutions.
On the day that Chevron’s investment was announced, our Chair and CEO, Aniruddha Sharma joined Chris Powers, Vice President, CCUS, Chevron New Energies to discuss the partnership and outline how the two companies plan to work together to achieve their joint CCUS ambitions.
Watch the video to hear more, including how Carbon Clean fits into Chevron New Energies’ plans and the potential for CycloneCC to radically shift the economics of carbon capture.