Chevron, Toyota team up to examine hydrogen
Apr 21, 2021 1:45:pm
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by: Daniel Graeber
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Chevron, Toyota team up to examine hydrogen
US major Chevron said April 21 it was teaming up with the North American division of Toyota to explore the use of hydrogen in the transportation sector.
“We are excited to collaborate with Toyota,” Andy Walz, the president of Chevron’s North American fuel and lubricants division, said. “Working towards a strategic alliance on hydrogen presents an opportunity to build a large-scale business in a low-carbon area that is complementary to our current offerings.”
Through a memorandum of understanding (MoU), the companies said they would push for policies that support hydrogen infrastructure, explore market opportunities in the light- and heavy-duty fuel cell vehicle sector and jointly pursue research and development in hydrogen-powered transportation and storage.
Chevron, Toyota Pursue Strategic Alliance on Hydrogen
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Chevron Expands Joint Venture to Produce Dairy Biomethane
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Brightmark LLC and Chevron U.S.A. Inc. have announced the expansion of their joint venture, Brightmark RNG Holdings LLC, to own projects across the US to produce and market dairy biomethane, a renewable natural gas (RNG).
Brightmark RNG Holdings LLC’s subsidiaries currently own RNG projects in Western New York, Western Michigan, Central Florida and South Dakota, US. Additional equity investments by each company in the joint venture will fund construction of infrastructure and commercial operation of five new dairy biomethane projects in Michigan and Arizona, US. Chevron will purchase RNG produced from these projects and market the volumes for use in vehicles operating on compressed natural gas.
Chevron, Brightmark Expand US Biomethane JV
Oil and gas major Chevron is expanding its renewable gas (RNG) joint venture in the US with waste solutions firm Brightmark, it said February 17.
The pair will inject more equity into the joint venture, to build and operate five dairy biomethane projects in Michigan and Arizona. The joint venture, Brightmark RNG Holdings, already owns renewable gas projects in west New York, west Michigan, central Florida and South Dakota.
Chevron will buy the biomethane from the new projects for use as fuel for vehicles operating on compressed natural gas. Working with Brightmark to add new projects underpins our commitment to supplying the world with affordable, reliable and ever-cleaner energy, Chevron s president for Americas fuels and lubricants, Andy Walz, said. It’s an exciting time for Chevron as we continue to help advance the energy transition and help industries and consumers that use our products build a lower carbon future.