US giant eyes green hydrogen

摘要

US supermajor Chevron has announced plans to acquire equity interest in ACES Delta, a joint venture between Mitsubishi Power and Magnum Development, a Haddington Ventures portfolio company, to produce green hydrogen out of Delta, Utah. The Advanced Clean Energy Storage project initially plans to produce green hydrogen for low-emission electricity, while Chevron's New Energies division, launched in July to focus on low-carbon business opportunities, is working to build demand for hydrogen in the transportation and industrial sectors.