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KazMunayGas got acquainted with Chevron's innovative experience in low-carbon energy

20.02.2024

A delegation of JSC NC KazMunayGas (KMG) and KMG Engineering LLP visited Chevron New Energies (a subsidiary of Chevron Corporation) to explore potential projects in the field of reducing carbon dioxide emissions in Kazakhstan.

Recall that in 2022, KMG and Chevron announced cooperation to explore potential opportunities in the field of reducing carbon emissions and signed a memorandum of understanding to assess potential opportunities for cooperation on projects in the field of reducing carbon emissions in Kazakhstan. As part of the cooperation, a focus group was already established at that time to review the KMG pilot project on carbon capture, use and storage (CCUS).

In accordance with the roadmap and the above-mentioned memorandum, the Kazakh delegation also got acquainted with the Chevron dispatch center during the trip, which helps prevent technological accidents, as well as provides departments with the necessary data during the drilling process. In addition, one of the topics of discussion during the negotiations was the Forest Climate project in the Pavlodar region.

Following the results of the trip, further steps were discussed to continue cooperation in the development of low-carbon technologies in Kazakhstan.

Background information:

Chevron New Energies was founded by Chevron Corporation in 2021 to work on projects in the field of carbon capture, utilization and storage (CCUS), low-carbon hydrogen, renewable fuels, offsets and other new areas.

The forest climate project in Pavlodar region is one of the newest initiatives for the possible creation of a green ring around one of the cities of the region. The essence of such projects is that the forest is planted, it grows, carbon units are calculated according to international standards and sold abroad for foreign currency. Thus, private capital investments in afforestation, soil regeneration and ecology of Kazakhstan are stimulated.

JSC NC KazMunayGas

A delegation of JSC NC KazMunayGas (KMG) and KMG Engineering LLP visited Chevron New Energies (a subsidiary of Chevron Corporation) to explore potential projects in the field of reducing carbon dioxide emissions in Kazakhstan.

Recall that in 2022, KMG and Chevron announced cooperation to explore potential opportunities in the field of reducing carbon emissions and signed a memorandum of understanding to assess potential opportunities for cooperation on projects in the field of reducing carbon emissions in Kazakhstan. As part of the cooperation, a focus group was already established at that time to review the KMG pilot project on carbon capture, use and storage (CCUS).

In accordance with the roadmap and the above-mentioned memorandum, the Kazakh delegation also got acquainted with the Chevron dispatch center during the trip, which helps prevent technological accidents, as well as provides departments with the necessary data during the drilling process. In addition, one of the topics of discussion during the negotiations was the Forest Climate project in the Pavlodar region.

Following the results of the trip, further steps were discussed to continue cooperation in the development of low-carbon technologies in Kazakhstan.

Background information:

Chevron New Energies was founded by Chevron Corporation in 2021 to work on projects in the field of carbon capture, utilization and storage (CCUS), low-carbon hydrogen, renewable fuels, offsets and other new areas.

The forest climate project in Pavlodar region is one of the newest initiatives for the possible creation of a green ring around one of the cities of the region. The essence of such projects is that the forest is planted, it grows, carbon units are calculated according to international standards and sold abroad for foreign currency. Thus, private capital investments in afforestation, soil regeneration and ecology of Kazakhstan are stimulated.
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