Editor'snote: From the Chevron backing energy transition researchers to Baker Hughes's new tool, these are the top headlines that resonated with EnergyCapital readers on social media and daily newsletter this week.
Chevron names inaugural cohort of energy transition graduate students at Rice University
Ten Rice University energy innovators have been selected for the Chevron Energy Graduate Fellowship. Photo by of Jeff Fitlow/Rice University
A new program from Rice University and Chevron has named its inaugural cohort.
Funded by Chevron, the Chevron Energy Graduate Fellowship will provide $10,000 each to 10 Rice graduate students for the current academic year, which supports research in energy-related fields.
The Rice Sustainability Institute (RSI) hosted the event to introduce the inaugural cohort of the Rice Chevron Energy Graduate Fellowship at the Ralph S. O’Connor Building for Engineering and Science. Director of the RSI and the W. Maurice Ewing Professor in Earth, Environmental and Planetary Sciences, Carrie Masiello presented each fellow with a certificate during the ceremony. Continue reading.
Mitsubishi, ExxonMobil announce low-carbon ammonia production partnership in Baytown
ExxonMobil and Mitsubishi are still working out details of the arrangement, such as equity participation in the project and use of the low-carbon ammonia. Photo via exxonmobil.com
Spring-based ExxonMobil has teamed up with Japan’s Mitsubishi to potentially produce low-carbon ammonia and nearly carbon-free hydrogen at ExxonMobil’s facility in Baytown.
ExxonMobil and Mitsubishi are still working out details of the arrangement, such as equity participation in the project and use of the low-carbon ammonia.
“We look forward to furthering our leadership position, alongside Mitsubishi Corporation, to advance low-carbon hydrogen and ammonia globally, helping the world achieve a lower emission future,” Dan Ammann, president of ExxonMobil Low Carbon Solutions, says in a news release. Continue reading.
Baker Hughes launches new digital platform for CCUS operations
Baker Hughes has incorporated a new tech platform for its CCUS operations. Photo via Getty Images
Baker Hughes has announced the debut of its digital platform to track CO2 volumes in real time, CarbonEdge. CarbonEdge utilizes carbon capture utilization and sequestration journey, which includes pipeline flows.
Powered by Cordant, the Houston-based Baker Hughes boasts CarbonEdge is “the first end-to-end, risk-based digital platform for CCUS operations that provides comprehensive support, regulatory reporting, and operational risk management,” according to the company. Continue reading.
Global bank announces new Houston hub for powering energy transition projects
The new Houston office is part of BBVA’s corporate and investment banking unit in the U.S. and will partner with global BBVA cleantech finance teams. Photo via bbva.com
Spanish financial services company BBVA Group has created a hub in Houston for financing energy transition projects in the U.S.
BBVA made the announcement at the first-ever Houston Energy & Climate Week, which the bank sponsored.
“The United States has a unique opportunity to lead the global transition to a more sustainable economy. Our office in Houston, the energy transition capital of the world, will be a key component of our sustainability strategy, complementing and integrated with our New York operations,” Alvaro Aguilar, BBVA’s head of strategic projects in the U.S., says in a news release. Continue reading.
Houston energy company backs decarbonization startup's $12M series A
Houston-based Citroniq Chemicals has secured its series A funding. Photo via Getty Images
A fresh $12 million round of funding will enable Houston-based Citroniq Chemicals to propel planning, design, and construction of its first decarbonization plant.
An unidentified multinational energy technology company led the series A round, with participation from Houston-based Lummus Technology Ventures and cooperation from the State of Nebraska. The Citroniq plant, which will produce green polypropylene, will be located in Nebraska.
“Lummus’ latest investment in Citroniq builds on this progress and strengthens our partnership, working together to lower carbon emissions in the plastics industry,” Leon de Bruyn, president and CEO of Lummus Technology, says in a news release. Continue reading.