- Chevron will produce SAF test batch and sell SAF to Delta at
LAX hub
- Chevron and Delta will share results from SAF pilot with Google
Cloud to better understand emissions reporting
Chevron U.S.A. Inc., through its Chevron Products Company
division (Chevron), Delta Air Lines (Delta), and Google today
announced a memorandum of understanding (MOU) to track sustainable
aviation fuel (SAF) test batch emissions data using cloud-based
technology.
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the full release here:
https://www.businesswire.com/news/home/20210907005690/en/
Sustainable aviation fuel is produced from biofeedstocks that
can reduce lifecycle carbon intensity significantly when compared
to conventional jet fuel. The companies hope to create a common,
more transparent model for analyzing potential greenhouse gas
emissions reductions that could then be adopted by organizations
considering SAF programs. Through this project, Chevron plans to
produce a test batch of SAF at its El Segundo Refinery and to sell
SAF to Delta at Los Angeles International Airport (LAX), a major
global hub for Delta’s fleet.
“As aviation continues to define a more sustainable future,
understanding the environmental impacts of our operations will be
paramount as we look to mitigate climate change,” said Amelia
DeLuca, Delta’s managing director of Sustainability. “On top of
being the first carbon neutral airline on a global basis, we’ve
pledged to replace 10 percent of our jet fuel with SAF by 2030.
This partnership has the potential to help us achieve that goal
while providing important data and analytics that demonstrate the
environmental integrity of our commitment.”
“This MOU builds on our previously announced effort to be the
first refiner in the U.S. to ratably co-process biofeedstocks in an
FCC through a capital-efficient investment program,” said Andy
Walz, president of Americas Fuels & Lubricants for Chevron.
“The data sharing and transparency component of this partnership
will help us better understand the emissions from sustainable
aviation fuel production and delivery, supporting our goal to
advance lower carbon fuels.”
In parallel, Google Cloud plans to build a data and analytics
framework to securely ingest and analyze emissions data from Delta
and Chevron related to the SAF test batch. The goal of the pilot
will be to provide better visibility into data from their project,
allowing for greater transparency and improved reporting of SAF
emissions.
“Google Cloud has a history of pioneering emissions reduction
technologies and we’re looking forward to exploring the use of data
and analytics capabilities to advance renewable fuel understanding
and adoption,” said Larry Cochrane, director, Global Energy
Solutions, Google Cloud.
About Chevron
Chevron is one of the world’s leading integrated energy
companies. We believe affordable, reliable and ever-cleaner energy
is essential to achieving a more prosperous and sustainable world.
Chevron produces crude oil and natural gas; manufactures
transportation fuels, lubricants, petrochemicals and additives; and
develops technologies that enhance our business and the industry.
To advance a lower-carbon future, we are focused on cost
efficiently lowering our carbon intensity, increasing renewables
and offsets in support of our business, and investing in low-carbon
technologies that enable commercial solutions. More information
about Chevron is available at www.chevron.com.
About Delta
From being the first and only U.S. airline to voluntarily cap
greenhouse gas emissions at 2012 levels to last year’s commitment
to be the first carbon-neutral airline globally, Delta has a
longstanding commitment to sustainable air travel. Delta was the
No. 1 airline named among America’s Most Sustainable Companies by
Barron’s in 2020, the only U.S. airline included in the 2021
S&P Sustainability Yearbook and has received the Vision for
America Award by Keep America Beautiful and Captain Planet
Foundation's Superhero Corporate Award. Delta has also earned a
spot on the FTSE4Good Index for six consecutive years and the Dow
Jones Sustainability North America Index for ten consecutive years.
For more information, visit Delta.com/sustainability.
About Google Cloud
Google Cloud accelerates organizations’ ability to digitally
transform their business with the best infrastructure, platform,
industry solutions and expertise. We deliver enterprise-grade
solutions that leverage Google’s cutting-edge technology – all on
the cleanest cloud in the industry. Customers in more than 200
countries and territories turn to Google Cloud as their trusted
partner to enable growth and solve their most critical business
problems.
CAUTIONARY STATEMENTS RELEVANT TO
FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE HARBOR”
PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995
This news release contains forward-looking statements relating
to Chevron’s operations that are based on management's current
expectations, estimates and projections about the petroleum,
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such as “anticipates,” “expects,” “intends,” “plans,” “targets,”
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and other factors, many of which are beyond the company’s control
and are difficult to predict. Therefore, actual outcomes and
results may differ materially from what is expressed or forecasted
in such forward-looking statements. The reader should not place
undue reliance on these forward-looking statements, which speak
only as of the date of this news release. Unless legally required,
Chevron undertakes no obligation to update publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Among the important factors that could cause actual results to
differ materially from those in the forward-looking statements are:
changing crude oil and natural gas prices and demand for our
products, and production curtailments due to market conditions;
crude oil production quotas or other actions that might be imposed
by the Organization of Petroleum Exporting Countries and other
producing countries; public health crises, such as pandemics
(including coronavirus (COVID-19)) and epidemics, and any related
government policies and actions; changing economic, regulatory and
political environments in the various countries in which the
company operates; general domestic and international economic and
political conditions; changing refining, marketing and chemicals
margins; the company’s ability to realize anticipated cost savings,
expenditure reductions and efficiencies associated with enterprise
transformation initiatives; actions of competitors or regulators;
timing of exploration expenses; timing of crude oil liftings; the
competitiveness of alternate-energy sources or product substitutes;
technological developments; the results of operations and financial
condition of the company’s suppliers, vendors, partners and equity
affiliates, particularly during extended periods of low prices for
crude oil and natural gas during the COVID-19 pandemic; the
inability or failure of the company’s joint-venture partners to
fund their share of operations and development activities; the
potential failure to achieve expected net production from existing
and future crude oil and natural gas development projects;
potential delays in the development, construction or start-up of
planned projects; the potential disruption or interruption of the
company’s operations due to war, accidents, political events, civil
unrest, severe weather, cyber threats, terrorist acts, or other
natural or human causes beyond the company’s control; the potential
liability for remedial actions or assessments under existing or
future environmental regulations and litigation; significant
operational, investment or product changes undertaken or required
by existing or future environmental statutes and regulations,
including international agreements and national or regional
legislation and regulatory measures to limit or reduce greenhouse
gas emissions; the potential liability resulting from pending or
future litigation; the company's ability to achieve the anticipated
benefits from the acquisition of Noble Energy, Inc.; the company’s
future acquisitions or dispositions of assets or shares or the
delay or failure of such transactions to close based on required
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dispositions or impairments; government mandated sales,
divestitures, recapitalizations, taxes and tax audits, tariffs,
sanctions, changes in fiscal terms or restrictions on scope of
company operations; foreign currency movements compared with the
U.S. dollar; material reductions in corporate liquidity and access
to debt markets; the receipt of required Board authorizations to
pay future dividends; the effects of changed accounting rules under
generally accepted accounting principles promulgated by
rule-setting bodies; the company’s ability to identify and mitigate
the risks and hazards inherent in operating in the global energy
industry; and the factors set forth under the heading “Risk
Factors” on pages 18 through 23 of the company's 2020 Annual Report
on Form 10-K and in other subsequent filings with the U.S.
Securities and Exchange Commission. Other unpredictable or unknown
factors not discussed in this news release could also have material
adverse effects on forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20210907005690/en/
Tyler Kruzich, Chevron TKruzich@chevron.com t. (925)
549-8686
Grant Myatt, Delta grant.myatt@delta.com t. (917)
597-2473
Google Cloud press@google.com
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