Chevron U.S.A., Schlumberger New Energy, Microsoft and Clean Energy Systems’ Carbon Negative Bioenergy Collaboration

Chevron U.S.A., Schlumberger New Energy, Microsoft and Clean Energy Systems' Carbon Negative Bioenergy Collaboration

Latham & Watkins LLP represented Chevron U.S.A. Inc. on the deal.

Chevron U.S.A. Inc., Schlumberger New Energy, Microsoft and Clean Energy Systems have announced plans to develop a ground-breaking bioenergy with carbon capture and sequestration (BECCS) project designed to produce carbon negative power in Mendota, California.

The BECCS plant will convert agricultural waste biomass, such as almond trees, into a renewable synthesis gas that will be mixed with oxygen in a combustor to generate electricity. More than 99% of the carbon from the BECCS process is expected to be captured for permanent storage by injecting carbon dioxide (CO2) underground into nearby deep geologic formations.

Chevron Corporation is one of the world’s leading integrated energy companies. Through its subsidiaries that conduct business worldwide, the company is involved in virtually every facet of the energy industry. 

Schlumberger is the world’s leading provider of technology to the global energy industry. Schlumberger New Energy explores new avenues of growth by leveraging Schlumberger’s intellectual and business capital in emerging new energy markets, with a focus on low-carbon and carbon-neutral energy technologies.

Clean Energy Systems is a global leader in the development and deployment of carbon reducing energy systems.

Latham & Watkins LLP represented Chevron U.S.A. Inc. in the transaction. A corporate deal team was led by Houston partner Lauren Anderson, with Houston associates Ashley Nguyen, Denny Lee, and Katie Walker and with assistance from New York associate Jiyeon Chun. The infrastructure projects and commercial team was led by Houston partner Jonathan Castelan, with Houston associates Thomas Hillebrand and Sam Bentley. 

Advice was also provided on tax matters by Houston partner Jim Cole, with Houston associate Emily Fawcett; on environmental matters by Orange County counsel Josh Bledsoe, with Orange County associate Brian McCall and Los Angeles associate Jen Garlock; on real estate matters by San Diego partner James Mann; and on intellectual property matters by Washington, D.C. partner Jeremiah Wolsk.

Involved fees earner: Lauren Anderson – Latham & Watkins; Sam Bentley – Latham & Watkins; Joshua Bledsoe – Latham & Watkins; Jonathan Castelan – Latham & Watkins; Jiyeon Chun – Latham & Watkins; Jim Cole – Latham & Watkins; Emily Fawcett – Latham & Watkins; Jennifer Garlock – Latham & Watkins; Thomas Hillebrand – Latham & Watkins; Denny Lee – Latham & Watkins; James Mann – Latham & Watkins; Brian McCall – Latham & Watkins; Ashley Nguyen – Latham & Watkins; Katie Walker – Latham & Watkins; Jeremiah Wolsk – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: Chevron USA Inc;

Martina Bellini

Author: Martina Bellini