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    Chevron to Explore Hydrogen, Carbon Capture in Central Asia


    August 10, 2022 - M2 PressWIRE

     

      A unit of US oil supermajor Chevron Corporation said it plans to explore hydrogen, carbon capture and other more environmentally friendly energy operations in Central Asia with a local partner.

      Chevron Munaigas and KazMunayGas (KMG) said they would evaluate the potential for carbon capture, utilisation, and storage as well as hydrogen production and methane management.

      They would also look into financial disclosure methodology.

      A memorandum of understanding was signed by Derek Magness, managing director for Chevron's Eurasian Business Unit, and Magzum Mirzagaliyev, chairman of KMG, in Nur-Sultan, as the Kazakh capital is now known.

      "KazMunayGas has set a goal to reduce its carbon footprint by 15% by 2031 compared to 2019 levels and is going to take further actions under the Paris Agreement and Kazakhstan's Doctrine of Carbon Neutral Development," Mirzagaliyev said.

      He noted that at the UN Climate Ambition Summit, Kazakh President Kassym-Jomart Tokayev made a statement about Kazakhstan's intention to achieve carbon neutrality by 2060.

      "However, lower carbon is a new area for us, and we believe that Chevron's wide experience in implementing technologies and practices in the oil and gas industry will contribute to our capabilities and lead to joint lower carbon projects," Mirzagaliyev added.

      About Us:

      Founded in 2012 with a vision to provide clients with a service they can trust, Sirius Financial Consulting is an internationally reputed private wealth management firm headquartered in Japan. Offering a full range of financial services to clients based around the world, we deliver impartial guidance by leveraging our industry expertise and unique insight into markets and their opportunities.

      Sirius Financial Consulting

      Pentel Building Chuo-ku Tokyo Japan

      Contact: Martin Chen

      Phone: +81 50 5534 1193

      E-mail: info@siriusfinancialconsulting.com

      Web: www.siriusfinancialconsulting.com

      Media Contact

      Company Name: Sirius Financial Consulting

      Contact Person: Martin Chen

      Email: info@siriusfinancialconsulting.com

      Phone: +81 50 5534 1193

      Country: Japan

      Website: www.siriusfinancialconsulting.com

      Source: www.abnewswire.com

      .

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