US-based energy corporation Chevron has agreed to explore several low carbon projects, including those related to hydrogen, biofuels, and carbon capture and storage, in Angola, Africa.
Chevron New Energies, a Chevron USA division, and the Angola Government have signed a Memorandum of Understanding (MoU) to explore the opportunities in the African country.
The partnership has also agreed to look to create a regional centre of excellence to incentivise and attract lower carbon investments in the region.
Jeff Gustavson, President of Chevron New Energies, hopes that the effort will provide affordable, reliable, ever-cleaning energy, and help the industries and customers advance their decarbonisation targets.
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