Rajesh Paulose: ChevronTexaco’s Challenges and Vision

This presentation will cover a range of topics, including the developments in the U.S. market that are spurring advances in hydrogen technologies; and An overview of activities at ChevronTexaco that we believe will accelerate energy innovation in general – and hydrogen systems, in particular.

The U.S. government is backing a new initiative that complements the existing FreedomCAR program, which promotes the development of fuel-cell vehicles. After the government launched the FreedomCAR program in early 2002, it recognized that it couldn’t fund work on fuel-cell cars in a vacuum – it also had to help develop the infrastructure for fueling these vehicles. It’s the fundamental chicken and egg scenario. Before people will buy fuel-cell vehicles, they’ll need to know they can refuel them safely and conveniently. So, the new federal initiative supports pre-competitive research on the technology required to produce, store, distribute, and deliver hydrogen. ChevronTexaco, intends to participate in both of these federal hydrogen programs. We have made a basic commitment to provide whatever mix of fuels is required for the world’s transportation and power generation systems – now and in the future. We recognize that this mix will change and evolve – shaped by market forces and advances in energy technology. Still, the commitment remains. If a customer needs energy – whether in the form of hydrocarbons, hydrogen, or power – we will be there to supply it.