Chevron New Energies, a unit of Chevron USA, has signed a memorandum of understanding (MoU) with Japan’s Jera to explore a collaboration on carbon capture and storage (CCS) projects in the US and Australia.

Through the MoU, the firms could also expand their relationships to liquid natural gas (LNG) and advance lower carbon solutions.

In November 2022, the two firms partnered for the potential co-development of lower carbon fuel in Australia, and to study liquid organic hydrogen carriers (LOHC) in the US.

Jera resource procurement and investment division head, executive officer Gaku Takagi said: “Under its ‘JERA Zero CO₂ Emissions 2050’ objective, JERA has been working to reduce CO₂ emissions from its domestic and overseas businesses to zero by 2050.”

In a separate announcement, Chevron has signed an agreement with Indonesia’s Pertamina to assess the feasibility of developing carbon capture storage and carbon capture utilisation and storage (CCS/CCUS) technology in East Kalimantan, Indonesia.

Indonesia Minister for Energy and Mineral Resources Arifin Tasrif said: “CSS/CCUS is an initiative that is crucial for the government’s decarbonisation agenda. This partnership will contribute to creating a strong foundation to achieving Indonesia’s energy transition goals.

“CCS/CCUS will be a bridge that secures the growth of Indonesia’s industries while ensuring that the carbon emission is locked away.”

The joint study agreement (JSA) is expected to contribute to Indonesia’s 2060 net-zero emission target. It marks the second JSA between the firms, who announced a JSA in May 2022 to explore the Asian country’s potential lower carbon business opportunities.

The first JSA was announced in November 2022 to explore the development of selected green hydrogen and green ammonia projects using renewable energy.