Share Name Share Symbol Market Type
Caterpillar Inc NYSE:CAT NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -3.63 -1.82% 196.01 200.43 195.92 200.25 3,405,443 01:00:00

Chevron, Caterpillar to Collaborate on Hydrogen Projects

08/09/2021 11:03pm

Dow Jones News

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By Stephen Nakrosis


Caterpillar, Inc., and Chevron U.S.A. Inc. said Wednesday they would collaborate "to develop hydrogen demonstration projects in transportation and stationary power applications, including prime power."

The companies said they will explore hydrogen as a commercially viable alternative to traditional fuels for line-haul rail and marine vessels. The companies will also seek to demonstrate hydrogen's use in prime power, they said.

As part of the collaboration, the companies "agreed to demonstrate a hydrogen-fueled locomotive and associated hydrogen-fueling infrastructure." Work on that project will begin immediately at locations across the U.S., the companies said.

Chevron U.S.A. is a subsidiary of Chevron Corp.


Write to Stephen Nakrosis at stephen.nakrosis@wsj.com


(END) Dow Jones Newswires

September 08, 2021 17:48 ET (21:48 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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