Chevron, Company Explore Carbon Storage Company Opportunities

SAN RAMON, Calif. & HOUSTON–(Enterprise WIRE)–Chevron U.S.A. Inc., by means of its Chevron New Energies division, and a subsidiary of Company Items Associates L.P. (NYSE: EPD) introduced a framework to review and appraise alternatives for carbon dioxide (CO2) capture, utilization, and storage (CCUS) from their respective business functions in the U.S. Midcontinent and Gulf Coastline. The providers expect the first stage of the analyze in which they will consider precise business enterprise possibilities to final about 6 months.

“This joint work has the prospective to advance our ongoing function to develop our decreased carbon corporations with professional scale employing the business expertise the two providers provide to the project,” explained Jeff Gustavson, president of Chevron New Energies. “International climate alter scientists functioning with the United Nations have determined carbon capture as a significant technology needed to help the international strength system changeover to a decreased carbon upcoming.”

The corporations have properly worked collectively on prior small business prospects and believe they bring complementary capabilities to productively go after CCUS. Initiatives ensuing from the analysis would search for to blend Enterprise’s substantial midstream pipeline and storage community with Chevron’s sub-surface skills to make chances to capture, mixture, transport and sequester carbon dioxide in help of the evolving strength landscape.

“The joint analyze with Chevron is portion of our growing target on developing and employing new technologies and leveraging our transportation and storage network in order to improved deal with our own carbon footprint and present clients with new midstream expert services to aid a lessen carbon financial state,” stated A.J. “Jim” Teague, co-chief executive officer of Enterprise’s basic companion. “Our achievement in upgrading and repurposing current belongings will be crucial to the achievement of any initiative we shift forward with.”

Chevron is a person of the world’s top integrated electricity corporations. We imagine reasonably priced, dependable and at any time-cleaner electrical power is necessary to obtaining a extra prosperous and sustainable entire world. Chevron creates crude oil and all-natural gas manufactures transportation fuels, lubricants, petrochemicals and additives and develops technologies that boost our small business and the marketplace. To progress a reduce-carbon future, we are concentrated on charge effectively decreasing our carbon intensity, escalating renewables and offsets in assist of our company, and investing in minimal-carbon technologies that help commercial options. More details about Chevron is out there at www.chevron.com.

Company Products and solutions Partners L.P. is one of the biggest publicly traded partnerships and a leading North American supplier of midstream electrical power products and services to producers and shoppers of natural gas, NGLs, crude oil, refined solutions and petrochemicals. Our solutions include things like: purely natural fuel gathering, managing, processing, transportation and storage NGL transportation, fractionation, storage and export and import terminals crude oil collecting, transportation, storage and export and import terminals petrochemical and refined items transportation, storage, export and import terminals and associated products and services and a marine transportation enterprise that operates primarily on the United States inland and Intracoastal Waterway methods. The partnership’s assets incorporate approximately 50,000 miles of pipelines 260 million barrels of storage capacity for NGLs, crude oil, refined items and petrochemicals and 14 Bcf of normal gas storage ability. You should pay a visit to www.enterpriseproducts.com for much more data.

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