Chevron negotiates groundbreaking DOE carbon capture project
Clients Chevron Corporation
Jones Day advised Chevron U.S.A. Inc. in its receipt, with counterparties Svante, Inc., the Kiewit Group, OTC and Electricore, of a competitive U.S. Department of Energy (DOE - NETL) grant to advance an innovative carbon capture technology. With Chevron as the prime, the team entered into an approximately $16+ million cooperative agreement with DOE for the first in kind engineering-scale demonstration for natural gas and other hydrocarbons. As part of this carbon capture technology demonstration project, the team is designing, constructing, commissioning, operating and testing Svante’s innovative carbon capture technology on a commercial-scale at a Chevron facility. Jones Day assisted Chevron in drafting and negotiating the operative agreements with DOE, including those relating to federal funding, intellectual property and data management and the agreements between and among the team, as well as training the team on key U.S. intellectual property and compliance considerations.