Friday, 20 September 2024
Home The National Carbon Capture Center welcomes Chevron as a new member

The following content is a news release issued by . The original news release may be found here.

The National Carbon Capture Center welcomes Chevron as a new member

Furthering its collaboration with diverse energy industry leaders, the National Carbon Capture Center (NCCC) has finalized an agreement welcoming Chevron as the project’s newest industrial member.

Chevron joins BPExxonMobil and TotalEnergies as NCCC Industrial Advisory Committee members, along with AEPClearPathEPRINRECATVA and Wyoming ITC.

The NCCC’s private-industry membership now includes four of the world’s top 10 largest energy companies. Chevron’s membership reinforces the center’s growing focus on advancing the deployment of carbon management technologies.

“Chevron is deeply committed to providing innovative energy solutions that will significantly contribute to advancing a lower-carbon future,” said Chris Powers, Chevron New Energies vice president of carbon capture, utilization and storage (CCUS) and emerging. “We are excited to collaborate with such a prestigious team of energy experts and share critical data, which is essential in addressing the full value chain and realizing the full potential of carbon capture at scale.”

Advancing CCUS innovation

Chevron embraces CCUS as an essential tool to lowering the carbon intensity of harder-to-abate sectors like refining, power generation and cement production. Backed by decades of successful CCUS project experience, Chevron conducts business in more than 180 countries across the globe. As a member of the NCCC, Chevron will have full access to the necessary tools, expertise and infrastructure to evaluate and support the deployment of next-generation carbon capture technologies. Ongoing CCUS research and testing are needed to further develop ever-cleaner energy that is sustainable, reliable and affordable.

A real-world test facility

The NCCC, the internationally known U.S. Department of Energy (DOE) facility, provides a neutral research environment to advance technologies that reduce greenhouse gas emissions from industrial sources, and to promote carbon conversion and direct air capture solutions. Third-party developers worldwide bring their technologies to the facility for real-world testing – a critical step in bridging the gap between the lab and commercial-scale demonstrations.

Managed and operated by Southern Company, the NCCC announced it had surpassed 150,000 hours of technology testing earlier this year. By testing and developing more than 80 new technologies, the Center and its partners have already reduced the projected cost of CO2 capture from fossil-based power generation by more than 40%.

“We are honored to welcome Chevron to our prestigious group of forward-thinking energy industry leaders, industrial participants and sponsors committed to finding technology solutions for a net-zero energy future,” said John Northington, NCCC director. “Our shared mission to advance cost-effective carbon management technologies is critical in providing clean, safe, reliable and affordable energy. We look forward to cultivating a mutually beneficial relationship with Chevron to deepen the effectiveness and value of our research.”

Funding emerging technologies

Since its creation by DOE in 2009, the National Carbon Capture Center has worked with more than 30 government, industry, university and research organizations. The Center is funded through a collaborative agreement with the DOE’s Office of Fossil Energy and Carbon Management and National Energy Technology Laboratory and through sponsorship agreements with leaders in the energy industry who provide cost-sharing, consultancy and technical guidance. NCCC sponsors and technology developers represent organizations worldwide. 

“I’m optimistic we’re going to make big strides in CCUS innovation with the help of the NCCC team,” added Powers. “Chevron’s collaboration with the NCCC is key to advancing a lower-carbon future. I believe there is great potential to be achieved. Through our NCCC sponsorship, we will continue to look for opportunities to lower our carbon intensity and help other industries and companies achieve the same...

Read the full news release here

Related Articles

Energy firms are joining the Scottish Government on a new working group to look at creating a new social tariff (Jacob King/PA)
ElectricityFuelNatural GasPolitics

Energy firms to work with Scottish Government on social tariff

Ministers are working with E.On, EDF Energy, Scottish Gas (Centrica) and consumer...

Ilan Goldfajn, President of the Inter-American Development Bank speaks at the EU-LAC 2023 Business Round Table at the European Commission headquarters on the day of the EU-CELAC summit, in Brussels, Belgium July 17, 2023. REUTERS/Yves Herman/File Photo
ClimateFinance

Climate finance from multilateral banks up to $125 billion in 2023

Climate finance broadly refers to funding for climate change activities and can...

AgricultureBiodiversityClimateEnvironmentIndustry

Climate Asset Management has raised more than $1bn, CEO says

Climate Asset Management has raised more than $1 billion to invest in...

FILE - A 2023 Ford Mustang Mach-E charges, Friday, March 8, 2024, at an electric vehicle charging station in London, Ohio. (AP Photo/Joshua A. Bickel, File)
BusinessCritical MineralsElectric VehiclesIndustryManufacturingMineralsPolitics

US awards $3 billion for EV battery production in 14 states

The grants announced Friday mark the second round of EV battery funding...

Login into your Account

Please login to like, dislike or bookmark this article.