They aim to explore the the feasibility and performance of hydrogen for use as a commercially-viable alternative to traditional fuels for line-haul rail and marine vessels

Chevron intends to use soybean oil as feedstock to produce biodiesel and jet fuel

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