Chevron, Iwatani to build 30 hydrogen fueling stations in California
Chevron U.S.A. Inc., a subsidiary of Chevron, and Iwatani Corporation of America (ICA), a fully-owned subsidiary of Iwatani are joining forces to co-develop and build 30 hydrogen fueling stations in California by the year 2026.
Iwatani is a Japan-based industrial gases company and an integrated supplier of hydrogen.
Under the terms of the agreement, Chevron will look to finance the construction of the sites, which are likely to be located at Chevron-branded retail locations across the American site.
Initially, the hydrogen fueling stations will fuel light-duty vehicles while retaining the flexibility to fuel heavy-duty vehicles over the long term.
The role of Iwatani will be to operate and maintain the hydrogen fueling sites and offer hydrogen supply and transportation logistics services.
Joseph S. Cappello — Iwatani Corporation of America chairman and CEO said: “This extensive collaboration between Iwatani and Chevron demonstrates our shared vision and commitment to support the decarbonization of transportation.
“Together, Chevron and Iwatani will establish one of the most robust, vertically integrated supply and infrastructure ecosystems in California and is a model that can be replicated to other markets.”
Chevron said that it intends to supply a part of the fueling stations with excess hydrogen production capacity at the Chevron Richmond refinery and future hydrogen production from pilot projects across Northern California.
Andy Walz — president of Chevron Americas Fuels and Lubricants said: “Chevron believes that hydrogen has the potential to assist in lowering the carbon emissions of the transportation sector and other hard-to-decarbonize industries.
“We are excited to work with Iwatani to advance the entire hydrogen transportation value chain from production to consumer purchase in order to help our customers lower their lifecycle transportation carbon intensities.”