Page 15 - NorthAmOil Week 20 2022

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ENERGY TRANSITION “At Chevron, we believe the future enabling future projects, not only for Chevron,
of energy is lower carbon. Reducing the but for other industries.
Chevron launches carbon carbon intensity of the energy people rely on future, we’re identifying ways to advance our
“As Chevron advances to a lower carbon
day-in and day-out is well-aligned with the
capture and storage project ambitions of the Paris Agreement,” said Chris operations as well, so we can continue to
provide local jobs, support the local economy,
Powers, vice president of carbon capture,
in San Joaquin Valley utilisation, and storage (CCUS) for Chevron and generate local government revenue that
supports critical community services,” said
New Energies. “We are excited about the
Chevron USA, through its Chevron New opportunity to collaborate and progress this Molly Laegeler, vice president, San Joaquin
Energies division, announced it is launching CCS initiative in San Joaquin Valley, a region Valley (SJV), Chevron. “We are excited about
a carbon capture and storage (CCS) project where we have lived and worked for over a this Chevron New Energies project and
aimed at reducing the carbon intensity of its century.” fostering continued collaboration with local
operations in San Joaquin Valley, California. Chevron has applied to obtain a regulators throughout this process, not only
Chevron aims to reduce its carbon Conditional Use Permit with the Planning to position the region to benefit from these
intensity – the amount of carbon dioxide and Natural Resources Department of Kern lower carbon solutions, but that we continue
(CO2) emitted per unit of energy produced County and will continue to work with to protect people and the environment. We
– by installing CO2 post-combustion capture appropriate regulators throughout the process. believe this project has the potential to benefit
equipment, capturing the CO2 and then safely In addition to the Eastridge cogeneration the region on many levels and that Kern
storing it thousands of feet underground. This project, Chevron is currently evaluating and County is an ideal location for carbon capture
CCS initiative would begin at Chevron’s Kern deploying multiple carbon capture technology and storage.”
River Eastridge cogeneration plant in Kern demonstrations to mature more efficient and CHEVRON, May 18, 2022
County, California. cost-effective capture solutions, potentially

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