Chevron invests in carbon capture startup

CHEVRON is investing in Blue Planet, a startup that captures CO₂ and uses it to develop carbonate aggregates that can be used for building materials.

Blue Planet was founded in 2013 and has developed a process to capture CO₂ from flue gas and use it to produce carbonate-based building aggregates. The process doesn’t require the CO₂ to be purified and enriched before it can be used, which can reduce the energy and cost required for carbon capture compared to other technologies which utilise captured CO₂. Blue Planet’s technology could potentially be used to store CO₂ in building materials at scale.

Barbara Burger, VP of Innovation and President of Technology Ventures at Chevron, said: “Carbon capture, utilisation, 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.”

Chevron and Blue Planet have signed a letter of intent to collaborate on any potential pilot projects and commercial opportunities.