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Released July 08, 2024 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Chevron Corporation (NYSE:CVX) (San Ramon, California) expects its majority-owned Advanced Clean Energy Storage (ACES) hydrogen project in Utah, which will convert renewable energy to hydrogen and then store it for later use, will begin commercial operations in 2025, the company said last week in a white paper.
Chevron last year took a 78% stake in the project when it purchased 100% of Magnum Development (Holladay, Utah), now holding a majority stake in ACES Delta LLC, previously a joint venture between Magnum Development and Mitsubishi Power Americas Incorporated (Lake Mary, Florida).
"The Advanced Clean Energy Storage site will demonstrate how hydrogen can provide a lower carbon intensity energy source, said ACES Integration and Growth Manger Prerna Jain, in a white paper titled ACES hydrogen project to advance lower carbon future.
A grassroot green hydrogen plant is designed to utilize a 200-megawatt (MW) electrolyzer, which splits water into hydrogen and oxygen, to provide 100 metric tons per day of green hydrogen; the hydrogen will be stored in two hydrogen storage caverns that are expected to be 1,200 feet tall and 220 feet in diameter.
The hydrogen production will be dispatched to Intermountain Power Agency's (Delta, Utah) IPP Renewed project at its Intermountain Power Plant nearby, which entails retires coal-fired units and replacing them a new unit at the site capable of burning natural gas and hydrogen for a generation capacity of 840 MW. The combined-cycle turbine generator will be able to burn up to 30% hydrogen when completed next year and will transition to 100% emissions-free green hydrogen by 2045, as the technology improves and the fuel becomes more readily available. The power will be transported to the grid by an existing pipeline.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing, Power and Terminals project databases can click here to read more information on the ACES project and here for details on IPP renewed.
"Chevron is bringing its expertise in project execution; safe, reliable operations; and building large energy value chains to ACES," Jain said in the white paper.
Chevron has said it plans to invest $10 billion in low-carbon projects and investments by 2028, including carbon capture, utilization and storage (CCUS), hydrogen and renewable fuels.
The oil and gas major is expanding its renewable diesel plant in Geismar, Louisiana, which is expected to increase the capacity from 100 million gallons per year to up to 340 million gallons per year when fully operational by the end of the year. Subscribers to the GMI Alternative Fuel Project Database can click here for the project report.
Chevron also is the operator and 50% owner of the proposed Bayou Bend carbon capture and storage (CCS) project along the Gulf Coast in southeast Texas. The remaining ownership is attributed to two other oil and gas majors that recently purchased equal 25% stakes from two previous owners: Equinor's (NYSE:EQNR) (Stavanger, Norway) stake belonged to Carbonvert (Denver, Colorado), and TotalEnergies SE (NYSE:TTE) (Courbevoie, France) purchased its stake from Talen Energy's (Houston, Texas) low-carbon business.
The project is designed to provide a carbon transportation and storage solution for industrial emitters in the Houston Ship Channel and Beaumont-Port Arthur region, featuring nearly 140,000 acres of space for permanent carbon dioxide (CO2) sequestration and more than 1 billion metric tons of carbon storage capacity. Worley (North Sydney, New South Wales) in May was selected to provide project support, including designing and evaluating its CO2 gathering, handling and sequestration facilities.
Subscribers can read detailed reports on the onshore and offshore portions of the project, which are currently in the early stages of development.
Two other oil and gas majors are exploring CCUS and direct air capture of CO2, respectively. For more information, see July 17, 2023, article - ExxonMobil to Acquire CCUS Firm Denbury for $4.9 Billion, and November 10, 2023, article - Occidental Has High Hopes for Direct Air Capture of Carbon Emissions.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
Chevron last year took a 78% stake in the project when it purchased 100% of Magnum Development (Holladay, Utah), now holding a majority stake in ACES Delta LLC, previously a joint venture between Magnum Development and Mitsubishi Power Americas Incorporated (Lake Mary, Florida).
"The Advanced Clean Energy Storage site will demonstrate how hydrogen can provide a lower carbon intensity energy source, said ACES Integration and Growth Manger Prerna Jain, in a white paper titled ACES hydrogen project to advance lower carbon future.
A grassroot green hydrogen plant is designed to utilize a 200-megawatt (MW) electrolyzer, which splits water into hydrogen and oxygen, to provide 100 metric tons per day of green hydrogen; the hydrogen will be stored in two hydrogen storage caverns that are expected to be 1,200 feet tall and 220 feet in diameter.
The hydrogen production will be dispatched to Intermountain Power Agency's (Delta, Utah) IPP Renewed project at its Intermountain Power Plant nearby, which entails retires coal-fired units and replacing them a new unit at the site capable of burning natural gas and hydrogen for a generation capacity of 840 MW. The combined-cycle turbine generator will be able to burn up to 30% hydrogen when completed next year and will transition to 100% emissions-free green hydrogen by 2045, as the technology improves and the fuel becomes more readily available. The power will be transported to the grid by an existing pipeline.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing, Power and Terminals project databases can click here to read more information on the ACES project and here for details on IPP renewed.
"Chevron is bringing its expertise in project execution; safe, reliable operations; and building large energy value chains to ACES," Jain said in the white paper.
Chevron has said it plans to invest $10 billion in low-carbon projects and investments by 2028, including carbon capture, utilization and storage (CCUS), hydrogen and renewable fuels.
The oil and gas major is expanding its renewable diesel plant in Geismar, Louisiana, which is expected to increase the capacity from 100 million gallons per year to up to 340 million gallons per year when fully operational by the end of the year. Subscribers to the GMI Alternative Fuel Project Database can click here for the project report.
Chevron also is the operator and 50% owner of the proposed Bayou Bend carbon capture and storage (CCS) project along the Gulf Coast in southeast Texas. The remaining ownership is attributed to two other oil and gas majors that recently purchased equal 25% stakes from two previous owners: Equinor's (NYSE:EQNR) (Stavanger, Norway) stake belonged to Carbonvert (Denver, Colorado), and TotalEnergies SE (NYSE:TTE) (Courbevoie, France) purchased its stake from Talen Energy's (Houston, Texas) low-carbon business.
The project is designed to provide a carbon transportation and storage solution for industrial emitters in the Houston Ship Channel and Beaumont-Port Arthur region, featuring nearly 140,000 acres of space for permanent carbon dioxide (CO2) sequestration and more than 1 billion metric tons of carbon storage capacity. Worley (North Sydney, New South Wales) in May was selected to provide project support, including designing and evaluating its CO2 gathering, handling and sequestration facilities.
Subscribers can read detailed reports on the onshore and offshore portions of the project, which are currently in the early stages of development.
Two other oil and gas majors are exploring CCUS and direct air capture of CO2, respectively. For more information, see July 17, 2023, article - ExxonMobil to Acquire CCUS Firm Denbury for $4.9 Billion, and November 10, 2023, article - Occidental Has High Hopes for Direct Air Capture of Carbon Emissions.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
