Chevron U.S.A., Inc. v. Natural Resources Defense Council, Inc.

Mitsubishi Power Delivers First Shipment of Equipment to ACES Delta Hub for Clean Hydrogen Production at One of the Largest Systems in Construction

Retrieved on: 
Thursday, October 26, 2023

Mitsubishi Power Americas, Inc. has delivered the first shipment of major equipment for its HydaptiveTM integrated hydrogen production plant forming part of the Advanced Clean Energy Storage Hub (ACES Delta Hub) in Delta, UT.

Key Points: 
  • Mitsubishi Power Americas, Inc. has delivered the first shipment of major equipment for its HydaptiveTM integrated hydrogen production plant forming part of the Advanced Clean Energy Storage Hub (ACES Delta Hub) in Delta, UT.
  • View the full release here: https://www.businesswire.com/news/home/20231026989297/en/
    Electrolyzers arrive at the ACES Delta project in Delta, Utah.
  • Once completed, the system at ACES Delta Hub will nearly double the annual production levels of clean hydrogen worldwide.
  • This equipment delivery represents just one of many significant milestones as we move closer toward completion of the ACES Delta Hub,” said Kent Rockaway, Vice President, Hydrogen Production, Mitsubishi Power Americas.

ACE Cash Express Supports Homes For Our Troops to Help Veterans Rebuild Their Lives

Retrieved on: 
Wednesday, October 4, 2023

HFOT builds and donates specially adapted custom homes nationwide for severely injured post 9/11 veterans to enable them to rebuild their lives.

Key Points: 
  • HFOT builds and donates specially adapted custom homes nationwide for severely injured post 9/11 veterans to enable them to rebuild their lives.
  • ACE donated $69,603 to Homes For Our Troops as a result of consumers using their Flare Account® Homes For Our Troops Debit Card1 and Porte's™ DoorToChange2 charitable giving program.
  • Our employees not only raised money for Homes For Our Troops, but also volunteered their time.
  • ACE Cash Express will donate to Homes For Our Troops, Inc. up to $200,000 per year, after taking into account donations generated through Flare Account® transactions and other debit card programs associated with ACE Cash Express.

Finalists Announced for the Chevron Tractor Restoration Competition From 12 High Schools Across the United States

Retrieved on: 
Friday, September 15, 2023

INDIANAPOLIS, Sept. 15, 2023 /PRNewswire-PRWeb/ -- Chevron Products Company, a Chevron U.S.A. Inc. division, maker of the Delo® brand of technologically advanced engine oils, lubricants and coolants, announced today that judges have selected a group of 12 finalists for this year's 26th Annual Chevron Tractor Restoration Competition (TRC) out of a field of young vintage tractor restorers from high schools across the United States.

Key Points: 
  • Judges have selected a group of 12 finalists for this year's 26th Annual Chevron Tractor Restoration Competition (TRC) out of a field of young vintage tractor restorers from high schools across the United States.
  • INDIANAPOLIS, Sept. 15, 2023 /PRNewswire-PRWeb/ -- Chevron Products Company, a Chevron U.S.A. Inc. division, maker of the Delo® brand of technologically advanced engine oils, lubricants and coolants, announced today that judges have selected a group of 12 finalists for this year's 26th Annual Chevron Tractor Restoration Competition (TRC) out of a field of young vintage tractor restorers from high schools across the United States.
  • The Chevron Tractor Restoration Competition (TRC) is a STEM initiative designed to foster hands-on learning, critical thinking, and teamwork among high school students, while also celebrating the rich heritage of agricultural machinery.
  • To showcase finalist creativity ahead of the competition, the public can vote now with "Fan Favorite" voting:
    Vote here and see their progress: https://chevrontrcvoting.com/voting

Chevron Acquires Majority Stake in the Advanced Clean Energy Storage Hydrogen Project in Delta, Utah

Retrieved on: 
Tuesday, September 12, 2023

ACES Delta is developing the Advanced Clean Energy Storage project in Delta, Utah.

Key Points: 
  • ACES Delta is developing the Advanced Clean Energy Storage project in Delta, Utah.
  • The Advanced Clean Energy Storage project plans to use electrolysis to convert renewable energy into hydrogen and will utilize solution-mined salt caverns for seasonal, dispatchable storage of the energy.
  • “As we continue to pursue lower carbon energy solutions, we are excited to move forward with the Advanced Clean Energy Storage hydrogen project, through our acquisition of Magnum Development and partnership with Mitsubishi Power, to build on Chevron’s 75-year history in Utah,” said Austin Knight, vice president, Hydrogen, Chevron New Energies.
  • Chevron will add tremendous strategic value as we develop a hydrogen production and storage facility,” said Craig Broussard, president, CEO and board chairman of Magnum Development.

Mitsubishi Power Welcomes Chevron as Partner in the Advanced Clean Energy Storage Project

Retrieved on: 
Tuesday, September 12, 2023

Mitsubishi Power Americas, Inc. welcomes a new strategic partner to the Advanced Clean Energy Storage project in Delta, Utah.

Key Points: 
  • Mitsubishi Power Americas, Inc. welcomes a new strategic partner to the Advanced Clean Energy Storage project in Delta, Utah.
  • ACES Delta is a joint venture between Mitsubishi Power and Magnum Development, now a wholly-owned subsidiary of Chevron.
  • View the full release here: https://www.businesswire.com/news/home/20230912225814/en/
    Rendering of Advanced Clean Energy Storage Salt Caverns: The Advanced Clean Energy Storage project is one of the largest clean hydrogen projects globally to have reached financial close.
  • At Chevron, we look for projects that are moving the needle in this respect, and the Advanced Clean Energy Storage project in Delta, Utah is an example of a commercially viable project that will help advance a lower carbon future.”
    The Advanced Clean Energy Storage project is an industry and utility-scale, clean hydrogen facility designed to produce, store, and deliver green hydrogen to the western U.S.

Boys & Girls Clubs of America Announces National Partnership with Chevron

Retrieved on: 
Wednesday, August 30, 2023

Boys & Girls Clubs of America and Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX) today announced a new national partnership that promotes life and workforce readiness for kids and teenagers in the U.S.

Key Points: 
  • Boys & Girls Clubs of America and Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX) today announced a new national partnership that promotes life and workforce readiness for kids and teenagers in the U.S.
  • View the full release here: https://www.businesswire.com/news/home/20230830528619/en/
    Since 1990, Chevron has worked with local Boys & Girls Clubs across the nation to provide key funding and resources to kids and teenagers during out-of-school time.
  • With this new partnership, Boys & Girls Clubs of America will receive $700,000 in funding to advance life and workforce readiness tools, scholarship offerings and STEM-based education opportunities.
  • “Chevron is proud to partner with Boys & Girls Clubs of America to advance their mission of enabling all young people, especially those who need us most, to reach their full potential as productive, caring and responsible citizens,” said Jennifer Michael, social investment manager at Chevron.

Brightmark and Chevron Achieve First Gas Milestone with Florida's Largest Family Dairy

Retrieved on: 
Wednesday, August 23, 2023

SAN FRANCISCO, Aug. 23, 2023 /PRNewswire/ -- Brightmark RNG Holdings LLC, a joint venture partnership between Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), and Brightmark Fund Holdings LLC, a subsidiary of Brightmark LLC, announces the delivery of the first renewable natural gas (RNG) from its Larson Project in Okeechobee County, Florida. The Larson Project is comprised of four lagoon anaerobic digesters located at Larson Family Farms. This marks the joint venture's inaugural RNG project in the state and builds on the joint venture's extensive network of projects across the U.S. to produce dairy RNG for lower carbon intensity transportation fuel. 

Key Points: 
  • The Larson Project captures methane from cow manure through the process of anaerobic digestion and converts it to renewable natural gas.
  • Methane is a potent greenhouse gas (GHG), the second most abundant GHG, and is responsible for roughly 17.3% of global emissions.
  • "We are excited to achieve this milestone in our first joint renewable natural gas project in Florida with Brightmark and a notable farming family," said Nuray Elci, general manager of renewables in Chevron's Americas Products business.
  • Brightmark aims to reduce GHG emissions and achieve significant improvements in water quality by adopting economically viable technologies and practices throughout the industry.

Chevron Elects to Terminate Exchange Offer and Consent Solicitation

Retrieved on: 
Monday, August 21, 2023

Chevron and CUSA do not expect that a majority of the outstanding Old Notes will be tendered prior to the expiration date of the Exchange Offer and, as a result, have elected to terminate the Exchange Offer.

Key Points: 
  • Chevron and CUSA do not expect that a majority of the outstanding Old Notes will be tendered prior to the expiration date of the Exchange Offer and, as a result, have elected to terminate the Exchange Offer.
  • The Exchange Offer was being made upon the terms and conditions set forth in the preliminary prospectus dated August 3, 2023, as amended by Amendment No.
  • Since the Exchange Offer is being terminated, the total consideration will not be paid or become payable to holders of the Old Notes who have validly tendered (and not validly withdrawn) their Old Notes for exchange in the Exchange Offer, and the Old Notes validly tendered (and not validly withdrawn) for exchange pursuant to the Exchange Offer will be promptly returned to the tendering holders.
  • King & Co., Inc. served as information and exchange agent for the now terminated Exchange Offer.

MOECO and Chevron to Explore Advanced Closed Loop Geothermal Pilot in Hokkaido, Japan

Retrieved on: 
Thursday, June 22, 2023

Chevron New Energies Japan GK (Chevron New Energies Japan), a subsidiary of Chevron U.S.A. Inc., and Mitsui Oil Exploration Co., Ltd (MOECO) today announced execution of definitive agreements to proceed with the pilot testing of advanced geothermal technology.

Key Points: 
  • Chevron New Energies Japan GK (Chevron New Energies Japan), a subsidiary of Chevron U.S.A. Inc., and Mitsui Oil Exploration Co., Ltd (MOECO) today announced execution of definitive agreements to proceed with the pilot testing of advanced geothermal technology.
  • Pursuant to these agreements, Chevron and MOECO will conduct pilot tests of a developing novel geothermal technology, specifically advanced closed loop (ACL) technology.
  • View the full release here: https://www.businesswire.com/news/home/20230621701615/en/
    In September 2022, Chevron New Energies International Pte, Ltd. signed a joint collaboration agreement (JCA) with MOECO to further explore the technical and commercial feasibility of advanced geothermal energy development and other new energies technology.
  • The agreements to conduct pilot testing by Chevron New Energies Japan and MOECO is the first project contemplated by the JCA.

Chevron Tractor Restoration Competition Now Open to Ignite the Spirit of Restoration Among High School Students Nationwide with Cash Prizes Totaling More Than $20,000

Retrieved on: 
Wednesday, June 7, 2023

INDIANAPOLIS, June 7, 2023 /PRNewswire-PRWeb/ -- Chevron Products Company, a Chevron U.S.A. Inc. division, maker of the Delo® brand of technologically advanced engine oils, lubricants and coolants, announced today that the highly-anticipated 26th Annual Chevron Tractor Restoration Competition (TRC) is now accepting applications from high school students across the United States.

Key Points: 
  • The Chevron Tractor Restoration Competition (TRC) is designed to foster hands-on learning, critical thinking, and teamwork among high school students, while also celebrating the rich heritage of agricultural machinery.
  • Chevron recognizes the invaluable impact that hands-on experiences and mentorship can have on a young person's future, and through the Chevron Tractor Restoration Competition (TRC), participants will gain invaluable skills in problem-solving, project management, and restoration.
  • To enter the Chevron Tractor Restoration Competition (TRC), students should understand the following competition details:
    Eligibility: The competition is open to all high school students in the United States, aged 14 to 18.
  • To learn more about the Chevron Tractor Restoration Competition, including entry guidelines, submission details, and official rules, please visit: https://www.chevronlubricants.com/en_us/home/learning/about-our-brands/d...