Chevron
The plant is forecast to remove around 300,000 tonnes of carbon dioxide every year once completed
The investment in Baseload Capital underpins the oil and gas giant’s ambition to expand its clean energy offering
Eavor says its technology differs from other forms of geothermal in that it is a scalable ‘go anywhere’ solution, harvesting geothermal heat to generate dispatchable power with zero emissions
The two companies have also signed a letter of intent to collaborate on potential pilot projects
The oil giant intends to market renewable natural gas, which will be produced by dairy biomethane projects in the US, as a transportation fuel
Zap Energy aims to develop a modular nuclear reactor to generate cost-effective and commercially scalable fusion
The projects will power Chevron’s operations in the US Permian Basin, Argentina, Kazakhstan and Western Australia
The deal will allow the oil giant to strengthen its position in the Eastern Mediterranean
The group includes oil giant Chevron and concrete producer Pan-United – it aims to shrink the carbon intensity of heavy industries such as energy, chemicals and construction
US oil giant said it would “continue to execute” plans to reduce operating costs by more than $1bn by the end of the year
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