Chevron Corporation

05/23/2024 | Press release | Distributed by Public on 05/23/2024 10:07

spotlighting 25 years of innovation

Since its inception, CTV has been at the forefront of energy innovation.

One way is through its support of companies like Svante.

Chevron initially invested in Svante, which develops carbon capture and removal technology, in 2014. It later piloted the technology in 2022. This pilot is part of an agreement (Cooperative Agreement No. DE-FE0031944) with the U.S. Department of Energy National Energy Technology Laboratory.

"That's an example of us scouting the horizon, looking at technology that might impact our business in the future and getting involved early," Gable said. "Ten years ago, people were asking, 'Hey, why are you investing in carbon capture?' It has since become a core part of the business."