Ben Geman writes in Axios that Chevron has launched a $500 million tech fund.
- The fund, which is called the Future Energy Fund III, will invest in novel low carbon fuels and advance materials to transform carbon into higher value products.
- The company will begin dispersing $1 million to $5 million for Series A through C rounds.
- The private sector is well equipped to advance low-carbon technologies.
“The aim is to bolster Chevron’s main oil and gas businesses; help its multi-billion dollar diversification in areas like carbon capture and hydrogen; and create future opportunities in emerging tech.”
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