……Builds on CCS Portfolio with Greenhouse Gas Assessment

Chevron was featured in a recent episode of Driving Decarbonization in America on Discovery Go.

Driving Decarbonization in America, a series that looks at the different ways that lifecycle carbon emissions in transportation can be reduced, recently showcased a groundbreaking fuel from Chevron. The second episode of the series gives viewers a chance to learn more about renewable gasoline blends, which could reduce a vehicle’s lifecycle carbon dioxide emissions by more than 40%.

Renewable gasoline blends function like the gasoline that people are currently using and can support a lower carbon future. Here’s how:

These blends could be used in vehicles on the road today.
People could fill up with lower carbon intensity fuel at the same gas pumps they use now.
Because these blends function like traditional gasoline, engine changes are not required.
“Our scientists and engineers came together to develop a solution that can not only lower carbon intensity compared with traditional gasoline, but also work in regular vehicles.”
kaustav sinha

director of strategic partnerships

using soybean oil
Renewable gasoline blends can be made a few different ways, using byproducts. For example:

One of the major uses of soybeans is for them to be crushed for use as animal feed.
Soybean oil is a byproduct of this crushing process.
Soybean oil can be blended with petroleum products.
“We use the soybean oil byproduct in our refineries today, blend it with our petroleum products and achieve a lower carbon intensity gasoline.
In a related development the company has built on CCS portfolio with greenhouse gas assessment permit offshore Australia
It achieved this through its subsidiary Chevron Australia New Ventures Pty Ltd (Chevron), has been awarded a greenhouse gas (GHG) assessment permit offshore Western Australia. The permit award provides further opportunity for Chevron to deliver on its strategy of safely delivering lower carbon energy to a growing world.

The G-18-AP permit is offshore from Onslow, Western Australia and covers an area of approximately 8,467 km2 with water depths of 50-1100m. The permit area will be evaluated as part of a hub for storing third party emissions, including those from Chevron’s operated LNG assets.

The permit involves a joint venture with Chevron as operator, and Woodside Energy Ltd. Chevron will hold a 70% participating interest in the permit, and Woodside will hold a 30% participating interest. Chevron has agreed to farm down five percent of its equity in the permit to GS Caltex (GSC) of Korea. GSC’s entry into the permit is conditional on regulatory approvals and other matters.

“Chevron, along with our joint venture participants, have a unique set of assets, capabilities and customer relationships to support the further assessment, development and deployment of carbon capture and storage (CCS) in Australia,” said Chris Powers, vice president of CCUS & Emerging for Chevron New Energies.

“Together with the Chevron-operated Gorgon CCS project, one of the world’s largest integrated facilities, coupled with our existing GHG assessment permits, this new award has potential to expand Chevron’s portfolio of CCS assets in Australia,” he said.

Mark Hatfield, managing director, Chevron Australia said: “These opportunities have the potential to help us lower the carbon intensity of our own operations as well as provide opportunities to help our customers reduce or offset emissions from their activities.”

This block award adds to Chevron’s non-operated interests in G-9-AP, G-10-AP and G-11-AP as well as operating Gorgon CCS which has now captured and stored 10 million tonnes of CO2-equivalent.

According to the International Energy Agency, reaching global net zero will be virtually impossible without CCUS.