carbon capture and storage
Carbon capture and storage (CCS) is a proven technology for reducing greenhouse gas emissions. CCS takes naturally occurring carbon dioxide (CO2) from industrial processes and permanently traps it in geological formations deep underground.
We’re proud that the world’s largest CCS system designed to capture carbon emissions is located at our Gorgon liquefied natural gas (LNG) facility on Barrow Island.
In July 2021, we acknowledged the time taken to safely start the Gorgon CCS system meant we would not meet injection requirements for the five-year period ending 17 July 2021. We made a public commitment to make good on this shortfall.
We’re honouring that commitment through a package of measures, including the acquisition and surrender of 5.23 million greenhouse gas offsets and a $40 million investment in Western Australian lower carbon projects. Read the announcement >
Through Chevron’s Future Energy Fund, we have invested in Melbourne-based solar technology developer RayGen Resources Pty Ltd (RayGen). This investment enables RayGen to continue developing its innovative technology – which merges solar power generation with long-duration energy storage – and supports their renewable electricity project under construction in Northern Victoria.
Our $3 million commitment to Conservation Volunteers Australia (CVA) supports the national Revive our Wetlands initiative and the conservation of ten wetlands across Australia as a nature-based climate change solution. Wetlands are amongst the most productive and biodiverse ecosystems in the world and growing global research is unlocking their potential as natural carbon sequestration and storage systems capable of trapping carbon in plants and sediment below the water.
Mobile solar lighting towers allow the safe completion of critical night works for Gorgon on Barrow Island, with 27 towers currently in operation to help displace traditional diesel-powered units. Between March 2021 and March 2023, these units have reduced diesel consumption by over 400,000 litres and abated in excess of 1,020 tonnes of CO2.
Chevron Australia is supporting the Australian School of Petroleum and Energy Resources at the University of Adelaide with a contribution of more than AUD$2.45 million toward carbon capture and storage research
A new state-of-the-art facility will enable researchers to investigate how CO2 is stored within geological formations after its injection into subsurface reservoirs, and how CO2 flows through and interacts with rocks and pore waters on a microscopic scale.