The Houston-headquartered giant’s Chevron TechnologyVentures arm said the new CTV Fund V would focus on companies with projects that“have the potential to improve Chevron’s oil and gas base business performanceor create new opportunities for growth”.

Chevron Technology Ventures president Barbar Burger said thefund aimed to “use venture capital as a conduit for early adoption of emergingtechnologies and to build a pipeline of innovation for Chevron”.

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