JERA, Chevron partner for CCS projects in Australia, US

This could ramp up the LNG relationship between the two companies.

JERA and Chevron Energies entered a memorandum of understanding (MOU) for their collaboration to develop carbon capture and storage (CCS) projects in Australia and the US.

In a joint statement, the parties said the signing came following the MOU they signed in November 2022 on the potential co-development of low-carbon fuel in Australia and liquid organic hydrogen carriers in the US.

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JERA and Chevron added that the new MOU could expand their relationship on liquified natural gas.

Gaku Takagi, executive officer, head of the Resource Procurement & Investment Division of JERA, noted that the company aims to reach zero carbon dioxide emissions by 2050 and the collaboration shows the parties' commitment to bringing forward lower carbon solutions.