Chevron

Chevron, established in 1999, is a Texas-based venture capital arm of Chevron Corporation, focusing on early-stage investments in the United States. As a corporate venture capital arm, it invests in a wide range of sectors, including energy, technology, and life sciences. Chevron Technology Ventures (CTV) plays a crucial role in identifying, acquiring, testing, and integrating emerging technologies into Chevron's core businesses, creating new commercial opportunities, reducing costs, and improving performance. It typically invests between $1 million and $8 million, taking a minority stake and board observer seat. CTV's mission is to foster innovation and commercialization, enhancing Chevron's strategies and enabling affordable, reliable, and ever-cleaner energy.

Kemal Anbarci

Vice President and Managing Executive

Paul Bennett

Vice President and Treasurer

Stuart Coleman

Venture Executive

Chevron Equipment Finance

Finance Broker

Jim Gable

President

James W. Johnson

Executive Vice President and Executive

Pawel Konzal

Venture Executive

Bruce L. Niemeyer

Vice President, Strategic Planning

Richard Pardoe

Venture Executive

Christopher Powers

Vice President, Carbon Capture, Utilization and Storage (CCUS), New Energies (CNE)

Michael Wirth

CEO and Chairman of the Board

Past deals in Chemical

Resource Chemical

Venture Round in 2025
ReSource Chemical is a company based in Berkeley, California, focused on developing high-performance plastics derived from carbon dioxide. The company utilizes a proprietary bio-based platform to create chemicals that enable the production of environmentally friendly plastics with superior physical properties compared to traditional fossil fuel-based plastics. By converting CO2 into these innovative materials, ReSource Chemical aims to provide sustainable alternatives that do not contribute to environmental pollution.

Ionomr Innovations

Series A in 2023
Ionomr Innovations Inc. is a Vancouver-based company specializing in the design, adaptation, and manufacture of advanced ion-exchange membranes and polymer technologies. Founded in 2013, Ionomr focuses on creating environmentally friendly materials that replace toxic fluorinated chemicals often used in electrochemical applications. Its flagship product line, Aemion, is designed for various applications, including water treatment, energy storage, and clean energy generation. The company’s innovative membranes are known for their alkaline stability, strength, and performance, enabling optimal integration into electrochemical systems. By providing solutions that enhance efficiency and reduce environmental impact, Ionomr aims to support the decarbonization of the planet and foster the development of sustainable systems in the renewable energy and circular chemical economies. Additionally, Ionomr offers chemical engineering services to further support its clients in achieving their operational goals.

NobleAI

Series A in 2023
NobleAI is a developer of a science-based artificial intelligence platform focused on enhancing the development of chemical and material products. By leveraging its advanced AI technology, NobleAI enables companies to streamline their materials development strategies, providing actionable insights and reliable predictions. This innovation helps reduce costs and accelerates the creation of new chemicals, materials, and formulations. As a result, businesses can innovate more rapidly and bring higher-performing, environmentally sustainable products to market more efficiently.

Ionomr Innovations

Series A in 2022
Ionomr Innovations Inc. is a Vancouver-based company specializing in the design, adaptation, and manufacture of advanced ion-exchange membranes and polymer technologies. Founded in 2013, Ionomr focuses on creating environmentally friendly materials that replace toxic fluorinated chemicals often used in electrochemical applications. Its flagship product line, Aemion, is designed for various applications, including water treatment, energy storage, and clean energy generation. The company’s innovative membranes are known for their alkaline stability, strength, and performance, enabling optimal integration into electrochemical systems. By providing solutions that enhance efficiency and reduce environmental impact, Ionomr aims to support the decarbonization of the planet and foster the development of sustainable systems in the renewable energy and circular chemical economies. Additionally, Ionomr offers chemical engineering services to further support its clients in achieving their operational goals.

LUX Assure

Venture Round in 2016
LUX Assure Limited specializes in developing and delivering advanced chemical monitoring technologies for the oil and gas industry, both offshore and onshore. The company offers innovative solutions such as CoMic, which helps determine the optimal dosage of corrosion inhibitors, and a variety of testing kits that facilitate onsite or offshore colorimetric analysis. Their products are designed to monitor chemical concentrations, including scale, corrosion, and hydrate inhibitors in water and hydrocarbons. Established in 2001 and based in Edinburgh, United Kingdom, LUX Assure has gained recognition for its robust and user-friendly technologies, earning awards for innovation within the industry. The company serves clients in the UK and internationally, providing essential tools for effectively managing chemical usage in extraction processes.

Soane Energy

Venture Round in 2009
Soane Energy LLC is a specialty materials company based in Cambridge, Massachusetts, focused on developing innovative chemical solutions for the oil and gas industry. Established in 2006, the company utilizes polymers and surface science to enhance efficiency and minimize the environmental impact associated with oil and gas exploration and production. Soane Energy offers a range of products and technologies, including self-suspending materials that improve proppant transport, friction-reducing additives, and systems designed to remove impurities from hydraulic fracturing wastewater. Additionally, the company has developed processes for treating wastewater produced by oil sands extraction. Through its advancements, Soane Energy aims to address the global demand for energy while promoting environmental sustainability.

SpectraSensors

Series C in 2007
SpectraSensors, Inc. specializes in manufacturing precision optical laser-based gas analyzers primarily for the energy and petrochemical industries. The company's product offerings encompass a range of analyzers, including those for air monitoring, moisture, dew point, and hydrogen sulfide, as well as portable and atmospheric gas analyzers suitable for natural gas pipelines, petrochemical refineries, and chemical companies. These analyzers are capable of measuring various gas concentrations, such as carbon dioxide, methane, ammonia, and ethylene oxide, and are used in applications related to environmental monitoring, energy, and chemical processes. Additionally, SpectraSensors develops communication software systems for data acquisition and monitoring, enhancing the functionality of their gas analyzers. The company operates an international distribution network and maintains a significant installation base across North America, Europe, the Pacific Rim, Australia, and Asia. Founded in 1998 and headquartered in Houston, Texas, SpectraSensors has engineering and manufacturing operations in Rancho Cucamonga, California, and has been a subsidiary of Endress+Hauser since its acquisition in 2012.

Codexis

Series D in 2006
Codexis, Inc. is an industrial biotechnology company that specializes in the discovery, development, and commercialization of protein catalysts for pharmaceutical and chemical production through biocatalysis. Founded in 2002 and headquartered in Redwood City, California, Codexis utilizes its proprietary CodeEvolver directed evolution technology platform to create enzyme optimization solutions that enhance process development from research to manufacturing. The company offers a range of products and services, including biocatalysts, enzyme screening, and protein engineering services, which are utilized by over 50 pharmaceutical firms globally. Codexis generates the majority of its revenue through product sales and also licenses its CodeEvolver technology to enable pharmaceutical companies to engineer enzymes for their own production needs. Its customer base spans various markets, including the United States, Europe, and Asia, contributing to the company's growth in the biotechnology sector.
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