Chevron Invests in Carbon Capture Specialist Blue Planet Systems
Chevron (NYSE: CVX) is spending green to go green. The company announced Thursday that it has invested in a funding round conducted by Blue Planet Systems, a maker of products that reduce the carbon output of industrial processes.
Chevron is channeling its funds through a Series C investment into the privately held company, which is based in Silicon Valley. In addition, it has signed a letter of intent with Blue Planet regarding cooperation on pilot projects and other commercial opportunities, although it provided few details.
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Source Fool.com
