Chevron, and formerly Texaco, were both founding members of a project to capture carbon dioxide from combustion sources and to develop technology that safely sequesters it in geologic formations. The focus of this three-year, US $28 million project is on creating a step-change in cost and performance of technologies that can reduce greenhouse gas emissions. The U.S. Department of Energy, Klimatek of Norway and the European Union also fund this project.
Chevron is working with the U.S. Department of Energy and Lawrence Livermore National Laboratory to develop monitoring technologies for the safe underground storage of carbon dioxide. Under way are carefully controlled field tests in which carbon dioxide from Chevron's El Segundo, Calif., refinery is being injected at the company's Lost Hills oil field.