Latham & Watkins Advises Carbon Clean on Investment by Chevron

Chevron U.S.A. Inc., a subsidiary of Chevron Corporation, one of the world’s leading integrated energy companies, has announced it has made a new investment in Carbon Clean, a global leader in cost-effective industrial carbon capture.

The transaction aims to help advance Chevron’s pursuit of lower carbon solutions. As part of the investment, Chevron and Carbon Clean are seeking to develop a carbon capture pilot for Carbon Clean’s CycloneCC technology on a gas turbine in San Joaquin Valley, California. Carbon capture will play a crucial role in reducing emissions in hard-to-abate energy intensive industries such as refining, cement, and steel.

Latham & Watkins advised Carbon Clean on the transaction with a team led by London corporate partner Robbie McLaren, with associates Samantha Si and Irene Brandão.