Chevron acquires 100% of Magnum Development for Utah hydrogen project

Chevron USA Inc., through Chevron New Energies, completed the acquisition of a 100% stake in Magnum Development LLC, gaining a majority interest in ACES Delta LLC, which is developing the Advanced Clean Energy Storage hydrogen project in Delta, Utah. The project will convert and store up to 100 metric tons per day of hydrogen.

“Chevron completed the 100 percent acquisition of Magnum Development.”rigzone.com

• 1 source
• rigzone.comChevron Acquires Majority Stake in Utah Hydrogen Project | RigzoneRocky TeodoroSep 13, 2023

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