Chevron Buys Majority Stake in U.S. Clean Hydrogen Project

September 15, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--As it continues to advance its low-carbon efforts, Chevron Corporation (NYSE:CVX) (San Ramon, California) recently announced it acquired a majority stake in the Advanced Clean Energy Storage (ACES) clean hydrogen hub in Utah. Chevron has said it plans to invest $10 billion in low-carbon projects through 2028, including those involving hydrogen, renewable fuels, and carbon capture and storage (CCS).