Chevron (CVX), JX Team Up for CCS Value Chain Development

Chevron Corporation’s (CVX) subsidiary, Chevron New Energies, and JX Nippon Oil & Gas Exploration Corporation have inked a Memorandum of Understanding (MOU). This MOU sets the stage for a comprehensive evaluation of exporting carbon dioxide (CO2) from Japan to Carbon Capture and Storage (CCS) projects, particularly those located in Australia and various other countries within the Asia Pacific region.The Objective: Evaluating the CCS Value ChainAt the core of this agreement lies the intention to meticulously ...