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Chevron to proceed with $4B Jansz-Io subsea compression project

Green Car Congress

Chevron announced that its wholly owned subsidiary Chevron Australia Pty Ltd. Chevron Australia) as operator and the Gorgon joint venture participants will proceed with the approximately $4-billion (AU$6 billion) Jansz-Io Compression (J-IC) project.

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Chevron invests in nuclear fusion start-up Zap Energy

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Chevron Corporation made a Series A investment in Zap Energy Inc. , Founded in 2018, Zap Energy’s technology stabilizes plasma using sheared flows rather than magnetic fields to confine and compress the plasma. It is now backed by an energy and technology-focused investor base, including Chevron.

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Renewable fuels company Raven SR announces $20M strategic investment from Chevron, ITOCHU, Hyzon Motors and Ascent Hydrogen Fund

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a waste-to-fuels company, closed a $20-million strategic investment from Chevron USA, ITOCHU, Hyzon Motors and Ascent Hydrogen Fund. This is an exciting opportunity to develop green hydrogen technology with partners in the Bay Area that can complement our existing hydrogen infrastructure at Chevron Richmond. Raven SR Inc.,

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Benchmark: Saudi Arabia is building an EV battery supply chain

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Although the Saudi government has been investing into the EV sector since 2018, the midstream and upstream segments are still in their early stages, Benchmark noted. The Saudi advantage lies in relatively low reagent costs and government incentives like tax, land, and capital support, said Benchmark consultant Ahmed Mehdi.

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Optimus Technologies closes $17.8M Series A to advance Vector System for heavy-duty engines on 100% biodiesel

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The round included participation from one of North America’s largest commercial fleets, Chevron Renewable Energy Group, and Pittsburgh regional investors including: Idea Foundry, Inc., ​ Optimus Technologies recently announced a $17.8-million million Series A funding round led by Mitsui & Co. out of Tokyo, Japan.

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bp starts oil production at Argos platform in the Gulf of Mexico; first new platform since 2008

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Construction on Argos began in March 2018 at Samsung Heavy Industries shipyard in South Korea. Co-owners include Woodside Energy (23.9%) and Union Oil Company of California, an affiliate of Chevron USA Inc. More than 15 million hours of work went into building the platform there. bp is the operator with 60.5% working interest.

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Ion-exchange membrane company Ionomr Innovations closes US$15M Series A

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Ionomr Innovations, a developer of ion-exchange membranes and polymers for the hydrogen economy, closed a $15-million Series A funding round with lead investors Shell Ventures and Finindus, joined by Chevron Technology Ventures (CTV), NGIF Cleantech Ventures and Pallasite Ventures. —Hans Maenhout, Finindus, Investment Directo.

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