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Chevron (CVX) Invests in San Jose-Based Carbon Capture Start-Up
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Chevron Corporation (CVX - Free Report) recently made a Series C investment inBlue Planet Systems Corporation. In addition, it signed a letter of intent with Blue Planet regarding cooperation on pilot projects and other commercial opportunities in prime geographic locations with the purpose of jointly developing lower-carbon prospects.
San Jose-domiciled Blue Planet Systems is a fledgling company that uses its own carbon capture process to extract fuel gas from refineries and other industrial activities into making materials. It manufactures and develops carbonate aggregates and carbon capture technology to lower the carbon footprint from industrial operations.
Chevron’s Technology Ventures unit president Barbara Burger states, “Carbon capture, utilization, and storage or CCUS is viewed to be essential to advancing progress toward the global net zero ambition of the Paris Agreement. This investment is made through our Future Energy Fund which focuses on startups with lower-carbon technologies that can scale commercially, and we welcome Blue Planet to this portfolio.”
In 2020, management announced an investment in Zap Energy, a nuclear fusion start-up company, which is building a next-generation modular nuclear reactor to lower carbon emissions.
Chevron sees fusion technology as a promising low-carbon future energy source. Further, management believes that investing in fusion will provide an opportunity to the company to concentrate more on a diversified portfolio of low-carbon energy resources with an ability to offer global communities an easy access to reasonably priced, dependable and ever-cleaner energy.
Company Profile
Chevron is one of the largest publicly traded oil and gas companies in the world with operations spread to almost every corner of the globe. This San Ramon, CA-based company is fully integrated, indicative of its participation in every energy-related aspect, right from oil production to refining and marketing.
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
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Chevron (CVX) Invests in San Jose-Based Carbon Capture Start-Up
Chevron Corporation (CVX - Free Report) recently made a Series C investment inBlue Planet Systems Corporation. In addition, it signed a letter of intent with Blue Planet regarding cooperation on pilot projects and other commercial opportunities in prime geographic locations with the purpose of jointly developing lower-carbon prospects.
San Jose-domiciled Blue Planet Systems is a fledgling company that uses its own carbon capture process to extract fuel gas from refineries and other industrial activities into making materials. It manufactures and develops carbonate aggregates and carbon capture technology to lower the carbon footprint from industrial operations.
Chevron’s Technology Ventures unit president Barbara Burger states, “Carbon capture, utilization, and storage or CCUS is viewed to be essential to advancing progress toward the global net zero ambition of the Paris Agreement. This investment is made through our Future Energy Fund which focuses on startups with lower-carbon technologies that can scale commercially, and we welcome Blue Planet to this portfolio.”
In 2020, management announced an investment in Zap Energy, a nuclear fusion start-up company, which is building a next-generation modular nuclear reactor to lower carbon emissions.
Chevron sees fusion technology as a promising low-carbon future energy source. Further, management believes that investing in fusion will provide an opportunity to the company to concentrate more on a diversified portfolio of low-carbon energy resources with an ability to offer global communities an easy access to reasonably priced, dependable and ever-cleaner energy.
Company Profile
Chevron is one of the largest publicly traded oil and gas companies in the world with operations spread to almost every corner of the globe. This San Ramon, CA-based company is fully integrated, indicative of its participation in every energy-related aspect, right from oil production to refining and marketing.
Zacks Rank & Key Picks
Chevron currently has a Zacks Rank #3 (Hold). Some better-ranked players in the energy space are DCP Midstream Partners, LP , Plains Group Holdings, L.P. (PAGP - Free Report) and Altus Midstream Company (ALTM - Free Report) , each presently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
See the 5 high-tech stocks now>>