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alternative fuelsinside our alliances to boost hydrogen
1 min read | october 07, 2022
Hydrogen is essential in our journey toward a lower carbon future.
The availability of hydrogen-fueled cars, trucks, trains and ships is vital for hydrogen to be a viable alternative to traditional fuels.
With that goal in mind, Chevron is working with Toyota, Caterpillar, Cummins and other companies to explore hydrogen's potential and create demand.
These alliances aim to make vehicles, fueling infrastructure and hydrogen fuel simultaneously available to customers. Ultimately, our goal is to provide drivers with an affordable, reliable, lower carbon option.
why it matters
Hydrogen can be a lower carbon alternative to traditional fuels on a life cycle basis, meaning less carbon is emitted during its production, distribution and usage. Our work with multiple original equipment manufacturers (OEMs) aims to make hydrogen adoption feasible where other renewable fuels have been ineffective at scale.
To achieve this, Chevron is:
Studying demand for passenger and commercial hydrogen fuel cell vehicles with Toyota.
Demonstrating a hydrogen-fueled train and exploring the viability of hydrogen engines for marine vessels with Caterpillar.
Collaborating with BNSF to use its lines for the hydrogen fuel cell locomotive demonstration.
Building market demand for commercial vehicles and industrial applications with Cummins.
Advancing public policy that promotes hydrogen as a decarbonizing solution for transportation and industry.
Working to support a hydrogen value chain to make it easier for consumers to have access to hydrogen.
what are OEMs anyway?
OEMs are businesses that manufacture parts and equipment that are used with another company's product. In the case of hydrogen, we are working with automakers and other companies that make cars, trucks and power generation equipment for trains and ships.
If we make the hydrogen fuel and these businesses make equipment and vehicles that use the fuel, these alliances can help make a lower carbon alternative possible.
"We are ready to put our money where our mouth is and sign on the dotted line. We want to accelerate a lower carbon future through hydrogen adoption."
andrew mingst
chevron hydrogen general manager
embracing hydrogen
A broad cross section of transportation energy solutions is necessary to achieve a lower carbon future, including hydrogen, renewable liquid fuels, renewable natural gas and electric vehicles.
Chevron is working to increase hydrogen demand and help reduce carbon intensities in the transportation sector. Our alliances with Toyota, Caterpillar, Cummins and BNSF will help to that end.
"Combining Chevron's existing assets and marketing network with the right strategic partners and robust public support can provide the foundation necessary for a global lower carbon hydrogen market," said Danielle Lincoln, general manager of Renewables for Chevron.
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Chevron Corporation published this content on 07 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 October 2022 22:11:03 UTC.
Chevron Corporation is one of the world leading oil and gas groups. Net sales break down by activity as follows:
- refining and distribution (73.1%): at the end of 2022, owned 8 refineries (2.6 million barrels of products sold per day) and a network of 13,800 service stations under the brands Chevron, Texaco, and Caltex throughout the world. The group is also involved in oil and natural gas transportation and production of petrochemical and plastic products;
- exploration and production of oil and natural gas (26.8%): 1.2 million barrels of crude oil, 0.3 million barrels of liquefied natural gas, and 199.6 million m3 of natural gas produced per day in 2022;
- other (0.1%): primarily electricity production.
54.5% of net sales are abroad.