Chevron, Toyota Pursue Strategic Alliance on Hydrogen

Source: www.gulfoilandgas.com 4/21/2021, Location: North America

Chevron U.S.A. Inc., through its Chevron Products Company division (Chevron), and Toyota Motor North America, Inc. (Toyota) announced a memorandum of understanding to explore a strategic alliance to catalyze and lead the development of commercially viable, large-scale businesses in hydrogen, with the goal to advance a functional, thriving global hydrogen economy.

Chevron and Toyota are seeking to work on three main strategic priorities: collaborating on hydrogen-related public policy measures that support the development of hydrogen infrastructure; understanding current and future market demand for light-duty and heavy-duty fuel cell electric vehicles and supply opportunities for that demand; and exploring opportunities to jointly pursue research and development in hydrogen powered transportation and storage.

“We are excited to collaborate with Toyota. Working towards a strategic alliance on hydrogen presents an opportunity to build a large-scale business in a low-carbon area that is complementary to our current offerings,” said Andy Walz, president of Chevron’s Americas Fuels & Lubricants. “This opportunity leverages our market position, assets, technology, and organizational capability and supports our efforts to help advance a lower-carbon future.”

“This is another important step toward building a hydrogen economy,” said Bob Carter, executive vice president, Toyota Motor North America. “Combining Toyota’s decades of experience in developing hydrogen powered fuel cell electric technology with Chevron’s deep resources in the energy sector has the potential to create new transportation choices for both consumers and businesses that move us toward our goal of carbon neutrality.”


Norway >>  8/11/2022 - Nel ASA (Nel, OSE:NEL) Nel has decided to build a new fully automated production line at Herøya in Norway, doubling its capacity for production of alk...
United Kingdom >>  8/10/2022 - The University of Aberdeen’s School of Engineering has been awarded £220,000 in government funding to find a way of obtaining hydrogen from organic wa...

United Kingdom >>  8/10/2022 - Kent's market director for low carbon projects gives Gas Pathways his thoughts on delivering Vertex's 1,000 MW hydrogen generation project, part of th...
United States >>  8/10/2022 - Hy Stor Energy LP (Hy Stor Energy), a company pioneering renewably produced green hydrogen and energy storage at scale in Mississippi, announced today...

Australia >>  8/9/2022 - INPEX CORPORATION (INPEX) announced it has signed a memorandum of understanding (MoU) with Australian energy provider AGL Energy (AGL) to conduct a fe...
United Kingdom >>  8/9/2022 - ScottishPower, with Hutchison Ports, is exploring the opportunity to develop, build and operate a multi-hundred MW green hydrogen production facility ...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.