Chevron to Explore Carbon Capture, Utilization & Storage (CCUS) Business

The Largest Fossil Energy Companies Have Funds to Evaluate CCUS

Press Release from Chevron Corporation, San Ramon, California, September 13, 2021

SAN RAMON & HOUSTON–(BUSINESS WIRE)–Sep. 13, 2021– Chevron U.S.A. Inc., through its Chevron New Energies division, and a subsidiary of Enterprise Products Partners L.P. announced a framework to study and evaluate opportunities for carbon dioxide (CO2) capture, utilization, and storage (CCUS) from their respective business operations in the U.S. Midcontinent and Gulf Coast. The companies expect the initial phase of the study in which they will evaluate specific business opportunities to last about six months.

“This joint effort has the potential to advance our ongoing work to grow our lower carbon businesses with commercial scale using the industry expertise both companies bring to the project,” said Jeff Gustavson, president of Chevron New Energies. “International climate change scientists working with the United Nations have identified carbon capture as a critical technology needed to help the global energy system transition to a lower carbon future.”

The companies have successfully worked together on prior business opportunities and believe they bring complementary capabilities to successfully pursue CCUS. Projects resulting from the evaluation would seek to combine Enterprise’s extensive midstream pipeline and storage network with Chevron’s sub-surface expertise to create opportunities to capture, aggregate, transport and sequester carbon dioxide in support of the evolving energy landscape.

“The joint study with Chevron is part of our growing focus on developing and utilizing new technologies and leveraging our transportation and storage network in order to better manage our own carbon footprint and provide customers with new midstream services to support a lower carbon economy,” said A.J. “Jim” Teague, co-chief executive officer of Enterprise’s general partner. “Our success in upgrading and repurposing existing assets will be important to the success of any initiative we move forward with.”

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210913005157/en/

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See also: Evaluation | Global CO2 Initiative, University of Michigan, World Wide Web, September 13, 2021

The Global CO2 Initiative took on the challenge in 2017 and developed Techno-Economic Assessment (TEA) & Life Cycle Assessment (LCA) Guidelines for CO2 Utilization in collaboration with a team of European researchers at the University of Sheffield (P. Styring), IASS Potsdam (B. Olfe-Kräutlein), TU Berlin (R. Schomäcker), and RWTH Aachen (A. Bardow).

This work was expanded in 2019 with the CO2NSISTENT project to further advance the guidelines and to coordinate and harmonize with related work in the US and Europe.

In order to assist decision makers, the project created a guidance document entitled “Making Sense of Techno-Economic Assessment & Life Cycle Assessment Studies for CO2 Utilization: A guide on how to commission, understand, and derive decisions from TEA and LCA studies”.

This report provides user-centered guidance on how to commission and understand TEA and LCA studies for CCU, and how to determine whether existing studies are eligible for use in a decision-making process. In addition, this report is meant to ensure that decision makers and all potential audiences can effectively build on disciplinary expertise.

Additionally, since 2018, worked examples that illustrate how to apply the TEA and LCA guidelines are available for free download:

>> A Guide to Goal Setting in TEA: Example Considering CO2 Use in Domestic Heating
>> Building an LCA Inventory: A Worked Example on a CO2 to Fertilizer Process
>> Interpretation of LCA results: A Worked Example on a CO2 to Fertilizer Process
>> Methanol Worked Examples for the TEA and LCA Guidelines for CO2 Utilization
>> Global CO2 Initiative Complete Mineralization Study 2018
>> Global CO2 Initiative Complete Oxymethylene Ethers Study
>> Multi-Attributional Decision Making in LCA & TEA for CCU: An Introduction & Examples
>> SNG Worked Example for the TEA Guidelines for CO2 Utilization

Beginning in 2019, international harmonization efforts for TEA and LCA increased and resulted in the formation of the International CCU Assessment Harmonization Group.