energy transition

CCS is a proven technology for reducing greenhouse gas emissions — taking naturally occurring carbon dioxide (CO2) from industrial processes and permanently trapping it in geological formations deep underground.

Since 2019, the world’s largest CCS system located at our Gorgon Project in Western Australia has injected more than 9.5 million tonnes of CO2 and will continue to be optimised to ensure it performs reliably over 40-plus years of operation.

We recognise that our operations are a significant source of greenhouse gas emissions.

Our two operated LNG projects in Australia, Gorgon and Wheatstone, have scope one net zero by 2050 greenhouse gas management conditions in place, and a dedicated team working on solutions to reduce the emissions intensity of our facilities. 

Chevron Australia has been granted an interest in three offshore exploration permits covering more than 31,500 km2, to assess their greenhouse gas storage potential.

As a key part of our business, this joint venture reflects our commitment to support further deployment of carbon capture and storage in Australia.

On Barrow Island, 35 solar mobile lighting towers support the safe completion of critical night works and the displacement traditional diesel-powered units. 

Between March 2021 and February 2024, the EcoQuip units have reduced diesel consumption by more than 700,000 litres and abated in excess of 1,800 tonnes of CO2. The solar lighting towers produce zero scope one emissions, operate with no noise and utilise amber-coloured LED lumineers to minimise impact to animals and marine life. 

We’re proud to provide funding to WA-based Carbon Sync, a soil carbon sequestration pilot project involving up to 80,000 hectares in WA’s cropping and grazing region.

Soil carbon farming focuses on the carbon storing capacity of soils and vegetation using regenerative agriculture and holistic management practices to increase the carbon in the soil.

We invested in Melbourne-based solar-and-storage company RayGen, which is developing and integrating low-cost, high-efficiency solar technology (generating electricity and heat) with a storage solution (electro-thermal energy storage).  

In August 2023, RayGen opened its next-generation long duration energy storage project which has the potential to impact long-duration energy storage and grid stability.

Research has shown wetlands are natural carbon sequestration and storage systems, capable of trapping carbon in plants and sediment below the water. 

In February 2024, we announced the renewal and expansion of our partnership with Conservation Volunteers Australia (CVA). The new three-year agreement supports the national Revive our Wetlands and Urban Shade Forest initiatives, which aim to strengthen biodiversity across Australia.

Chevron Australia will contribute a combined A$38 million to carbon capture and storage (CCS) research projects in Western Australia and Victoria, advancing knowledge of the critical emissions technology for a lower carbon future.

The contribution will support global technology company, SLB’s Dampier CCS Regional Study of seismic and storage assessment, and CCS research organisation CO2CRC, to test new techniques that could improve storage processes in future CCS projects.

The WA Government established the grants program and technology hub to fund projects in WA that will reduce greenhouse gas emissions or support the development and commercialisation of lower carbon energy technologies.

The Gorgon Joint Venture is a founding contributor, committing A$40 million to the Lower Carbon Grants Program – Gorgon Fund and GreenTech Hub.

Our $2.45 million contribution to the Australian School of Petroleum and Energy Resources at the University of Adelaide is supporting important CCS research.

A state-of-the-art facility enables researchers to investigate how CO2 interacts with the geology on a microscopic scale after its injection into subsurface reservoirs.

In 2019, together with the State government, the Chevron-operated Wheatstone Project contributed to a pilot program run by Horizon Power to install a high renewable energy power system in Onslow.

The Pilot enabled Horizon Power to significantly expand its renewable energy capacity on its networks, allowing more regional customers to enjoy the benefits of solar.