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Recently, Chevron America, through its Chevron Products Division, announced that it has signed a memorandum of understanding with Cummins to explore the commercial viability of establishing a strategic alliance to develop hydrogen and other alternative energy sources.
Sex
.
It is reported that the memorandum of understanding provides a framework for initial cooperation between Chevron and Cummins to achieve the following four main goals: advancing public policies, promoting the use of hydrogen as a transportation and industrial decarbonization solution; establishing commercial vehicles and hydrogen-powered industrial applications Market demand; develop infrastructure to support the use of hydrogen in industry and fuel cell vehicles; explore opportunities to utilize Cummins electrolysis cell and fuel cell technology in one or more domestic refineries of Chevron
.
Andy Walz, President of Chevron Americas Fuels and Lubricants, said: "Chevron is committed to developing and providing cheap, reliable, and cleaner energy.
The cooperation with Cummins is the company's move towards building a large-scale business in the low-carbon field.
A positive step towards the goal is also a supplement to our existing products
.
Hydrogen fuel is a low-carbon solution we invest in, which will help our customers reduce the carbon intensity of their business and daily life