Chevron 2007 Annual Report Download - page 29

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27
Renewable Energy, Technology
and Other Businesses
Renewable Energy
Strategy: Invest in renewable energy technologies
and capture profitable positions.
In 2007, we forged research alliances with Texas A&M Univer sity
and the National Renewable Energy Laboratory to develop cellu-
losic biofuels from nonfood sources. In another collaboration,
the Alameda-Contra Costa Transit District in California is testing a
biodiesel fuel blend and a gas-to-liquids diesel that Chevron is pro-
viding for a fleet of buses operating in the San Francisco Bay Area.
Additionally, Chevron expanded geothermal production in
Indonesia with the startup of the 110-megawatt Darajat III geo-
thermal power plant in West Java. Chevron is the world’s largest
private producer of geothermal energy (see Pages 14–15).
Our Chevron Energy Solutions subsidiary is helping internal and
external customers increase their energy efficiency and use
renewable sources of energy. One solar project for a California
university is expected to supply 20 percent of the school’s annual
power needs and lower its utility costs.
Technology
Chevron’s three technology companies — Energy Technology,
Technology Ventures and Information Technology — support our
core businesses and enable our most promising future opportuni-
ties (see Pages 16–17). In 2007, we established new technology
centers in Australia and Scotland to provide strategic research,
development and technical services to our global businesses. We
also have centers in California and Texas.
Other Businesses
Our 50-50 joint venture Chevron Phillips Chemical Company LLC
is one of the world’s leading manufacturers of petro chemicals.
Chevron Oronite markets more than 500 performance-enhancing
products and supplies one-fourth of the world’s fuel and lubri-
cant additives. Other businesses include mining, pipeline, power
generation and shipping. For more information, visit our Web site:
www.chevron.com.
Operational Excellence
At Chevron, safety is our highest priority. For the sixth consecutive year,
we reduced the rate of injuries severe enough to require days away from
work by 22 percent, compared with 2006. Although our safety perform-
ance is among the top in the industry, we will not be satisfied until we
have zero incidents — no one injured.
We also continued efforts to improve the efficiency of our operations.
Since 1992, the year we began tracking, we have increased our energy
efficiency by 27 percent and lowered our annual energy costs by approxi-
mately $2 billion.
Chevron has integrated systematic processes into all aspects of its
operations to protect the safety and health of people and the environ-
ment and to ensure reliable and efficient operations. During the year, an
outside independent audit determined that the design of our Operational
Excellence Management System met, and in some cases exceeded, the
requirements of ISO 14001 (environmental management systems) and
OHSAS 18001 (health and safety management systems).