Chevron, Iwatani Advertise Agreement to Make 30 Hydrogen Fueling Stations in California
ChevronU.S.A.Inc. (Chevron), a attachment of Chevron Corporation (NYSE CVX), and Iwatani Corporation of America (ICA), a wholly possessed attachment company of Iwatani Corporation (TYO 8088), moment blazoned an agreement toco-develop and construct 30 hydrogen fueling spots in California by 2026.
As part of the agreement, Chevron plans to fund construction of the spots, which are anticipated to be located at Chevron- ingrained retail locales across the state. The stations will originally fuel light- duty vehicles while retaining the inflexibility to service heavy- duty vehicles over the long term. Iwatani will operate and maintain the hydrogen fueling spots and give hydrogen force and transportation logistics services. Chevron plans to supply a portion of the fueling spots with redundant hydrogen product capacity at its Richmond Refinery and unborn hydrogen product from airman systems in Northern California.
“ Chevron believes that hydrogen has the implicit to help in lowering the carbon emigrations of the transportation sector and other hard-to-decarbonize diligence,” said Andy Walz, chairman of Americas Energies & Lubricants for Chevron. “ We’re agitated to work with Iwatani to advance the entire hydrogen transportation value chain from product to consumer purchase in order to help our guests lower their lifecycle transportation carbon intensities.”
“ This expansive collaboration between Iwatani and Chevron demonstrates our participated vision and commitment to support the decarbonization of transportation,” said JosephS. Cappello, president and CEO of Iwatani Corporation of America. “ Together, Chevron and Iwatani will establish one of the most robust, vertically integrated force and structure ecosystems in California and is a model that can be replicated to other requests.”
Chevron is one of the world’s commanding intertwined energy companies. We believe affordable, dependable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude canvas and natural gas; manufactures transportation energies, lubricants, petrochemicals and complements; and develops technologies that enhance our business and the assiduity. We’re concentrated on lowering the carbon intensity in our operations and seeking to grow lower carbon businesses along with our traditional business lines. Further information about Chevron is available atwww.chevron.com.
Since 1941, Iwatani has regarded hydrogen as the ultimate clean energy source and has constantly engaged in enterprise to encourage its wide use. Under the commercial watchword “ A world where all enjoy true comfort – this is Iwatani’s desire,” Iwatani strives to break environmental enterprises with the end of achieving a carbon-free society through the use of hydrogen.
Iwatani is Japan’s only completely intertwined supplier of hydrogen and presently supplies its expansive base of light and heavy- duty hydrogen refueling stations and artificial guests via five liquid and ten gassy hydrogen product shops throughout the country. Using its parent company’s moxie, Iwatani Corporation of America (ICA) has embarked on an ambitious growth program to establish a vertically integrated hydrogen business in the US, which includes hydrogen force, distribution and logistics services as well as operations & conservation services to hydrogen refueling station possessors. ICA also owns and operates a growing network of Iwatani- ingrained hydrogen refueling stations in California.
Iwatani Corporation of America has headquarters services in Houston, Texas and Santa Clara, California.