article thumbnail

Chevron New Energies, Crowley invest in marine hydrogen tech company Zero Emission Industries

Green Car Congress

Zero Emission Industries (ZEI), a hydrogen technology company for maritime, announced the first close of its Series A funding round. The round is led by Chevron New Energies with additional investment from US-based shipping and logistics company Crowley. ZEI currently offers the ZEP 250, a modular 250 kW hydrogen fuel cell power unit.

Chevron 334
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. This collaboration is intended to encourage commercial and industrial adoption in North America.

Chevron 284
article thumbnail

Chevron and Cummins announce strategic collaboration on hydrogen

Green Car Congress

Chevron USA, through its Chevron Products Company division, and Cummins announced a memorandum of understanding (MOU) to explore a strategic alliance to develop commercially viable business opportunities in hydrogen and other alternative energy sources. —Andy Walz, president of Chevron’s Americas Fuels & Lubricants.

Chevron 334
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 REG was a founder of the renewable fuels industry and has been a leading innovator ever since. —Chevron Chairman and CEO Mike Wirth.

Chevron 273
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, Gevo to pursue sustainable aviation fuel investment; inedible corn feedstock

Green Car Congress

USA, a subsidiary of Chevron Corporation, and Gevo have signed a letter of intent (LOI) to invest jointly in building and operating one or more new facilities that would?process process inedible corn to produce sustainable aviation fuel (SAF), which can lower the lifecycle carbon intensity of fuels used in the aviation industry.

Chevron 186
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. since 2015. since 2015. It is a very important time for the air capture field right now.

Chevron 351