article thumbnail

Cummins and Chevron advance strategic collaboration; focus on lower carbon-intensity fuels

Green Car Congress

Cummins and Chevron USA, a subsidiary of Chevron Corporation announced a memorandum of understanding to leverage complementary positioning in hydrogen, natural gas, and other lower carbon fuel value chains.

Chevron 284
article thumbnail

US Treasury allows Chevron to resume oil production in Venezuela, delivery to US only

Green Car Congress

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued Venezuela General License (GL) 41 , authorizing Chevron Corporation to resume limited natural resource extraction operations in Venezuela. from receiving profits from the oil sales by Chevron. Chevron currently holds a 39.2%

Venezuela 358
article thumbnail

Chevron and Angelicoussis Group announce ammonia carrier joint study agreement

Green Car Congress

Chevron Corporation, through its subsidiary Chevron Shipping Company LLC, and the Angelicoussis Group , through its Energy Transition division, Green Ships, announced a Joint Study Agreement (JSA) to explore how tankers can be used to transport ammonia, a potential lower carbon marine fuel.

Chevron 199
article thumbnail

Chevron, Iwatani to build 30 hydrogen fueling stations in California

Green Car Congress

Chevron USA, a subsidiary of Chevron Corporation, and Iwatani Corporation of America (ICA), a wholly owned subsidiary company of Iwatani Corporation will co-develop and construct 30 hydrogen fueling sites in California by 2026.

Chevron 199
article thumbnail

Chevron completes acquisition of Renewable Energy Group

Green Car Congress

Chevron Corporation completed its previously announced acquisition of Renewable Energy Group (REG) following approval by REG stockholders. The new Chevron segment will be called Chevron Renewable Energy Group. —Mark Nelson, executive vice president of Downstream & Chemicals for Chevron. Earlier post.)

Chevron 150
article thumbnail

Occidental Petroleum and Chevron invest in direct air carbon capture and synthetic fuels company Carbon Engineering

Green Car Congress

CE) has received equity investment from two global energy companies: Oxy Low Carbon Ventures, LLC (OLCV), a subsidiary of Occidental Petroleum Corporation; and Chevron Technology Ventures (CTV), the venture capital arm of Chevron Corporation. Canada-based Carbon Engineering Ltd. (CE) —Steve Oldham, CEO of CE.

Chevron 351
article thumbnail

Chevron to acquire Renewable Energy Group in $3.15B cash deal to boost renewable fuels position

Green Car Congress

Chevron Corporation and Renewable Energy Group announced a definitive agreement under which Chevron will acquire the outstanding shares of REG in an all-cash transaction valued at $3.15 —Chevron Chairman and CEO Mike Wirth. In addition, REG president & CEO CJ Warner is expected to join Chevron’s Board of Directors.

Chevron 273