The MoU will enable Chevron to transition its refineries towards more sustainable operations (e.g. hydrogen), and Cummins Inc. to leverage the global reach and resources that Chevron possesses in the global energy industry
Chevron has announced that it has signed a memorandum of understanding with Cummins Inc., a global leader in power and H2 technology to develop business opportunities in hydrogen and other sustainable energy sources.
Initially, the MoU will enable the two companies to focus on four objectives. These will be: advancing public policy that promotes hydrogen as a decarbonizing solution for transportation and industry; building market demand for commercial vehicles and industrial applications powered by hydrogen; developing infrastructure to support the use of H2 for industry and fuel cell vehicles; and exploring opportunities to leverage Cummins electrolyser and fuel cell technologies at one or more of Chevron’s domestic refineries.
Andy Walz, President of Chevron’s America Fuels and Lubricants division said: “Chevron is committed to developing and delivering affordable, reliable, ever-cleaner energy, and collaborating with Cummins is a positive step toward our goal of building a large-scale business in a lower-carbon area that is complementary to our current offerings. H2 is just one lower-carbon solution we are investing in that will position our customers to reduce the carbon intensity of their businesses and everyday lives. We’ve also invested in developing and supplying renewable natural gas, blending renewables into our fuels, co-processing bio-feed stocks in our refineries, and abatement projects that will reduce the carbon intensity of our operations.”
Amy Davis, Vice President of Cummins Inc. and President of their New Power division said: “Working with Chevron to advance hydrogen technology and accelerate ecosystem development helps us continue our goal in enabling a carbon-neutral world. The energy transition is happening, and we recognize the critical role hydrogen will play in our energy mix. We’ve deployed more than 2,000 fuel cells and 600 electrolysers around the world and are exploring other H2 alternatives including a hydrogen-fueled internal combustion engine, as we continue to accelerate and harness hydrogen’s powerful potential.”
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